Operating results and tokens burned
Delta.theta is a decentralised options exchange that allows users to trade American-style options on various cryptocurrencies. The functionality of delta.theta platform includes buying and selling options, placing both market and limit orders. Only covered options can be sold at this stage.
DLTA is a delta.theta protocol token that carries a utility function. A good example of this is when the user pays trade commissions at a discount of up to 50% compared to paying in stablecoins. You can find out more about this in the pricing section of the delta.theta trading terminal.
The DLTA token is deflationary in its economic model. Since the protocol launch, 0.33% of the total token supply has already been “burned” (about 333 thousand out of 100 million). The table below shows the volume of options traded on the delta.theta platform and the number of tokens burned.
Within the second half of 2022, a number of events are expected to affect the volume of tokens “burned”:
- Adding margined options. Margin payments will be made in DLTA token.
- Integration with the Just2Trade terminal and attracting a large number of new customers.