📌FAQ

What is GyroX?

GyroX is a CDS (Crypto Default Swap) platform based on blockchain technology and inspired by CDS (credit default swap) in traditional finance. All non-standardized small probability events that carry great risk can be structured into a CDS event in GyroX. Users can manage risk and profit from risk according to their unique judgment of the event. You can build a portfolio based on your own predictions, and as long as you are right, you will be rewarded.

What type of CDS can be issued?

Initially, users are allowed to issue CDS events in five specific fields, covering society, technology, finance, sports and crypto. Further planning will be done for this question.

How to participate in CDS market?

The Issuer has the right to define the event of default and then issue CDS.

The Liquidity Provider who agrees with the standings of the Issuer will add liquidity to this CDS pool, assuming the role of "CDS dealer".

The buyer who takes an opposite view of the default event will buy CDS by paying fees.

The issuer and the liquidity providers form an opponent for the buyer and users are able to take a stand on the default event and build their risk positions by choosing different roles.

Is KYC required for GyroX?

Nope, GyroX is a decentralized platform in web3. All you need to do in advance is to get your wallet connected.

What is NFT Ticket?

GyroX introduces the NFT ticket as proof for issuing CDS events, only after having this can you issue CDS events, no matter whether you obtained it through buy or rent. The NFT Ticket has many other diverse applications in product innovation such as buying, trading, and collections.

When and where can I get a ticket?

We will start ticket sales soon. The basic way you can get is in the ticket market. There are several rounds of Ticket sales, please stay tuned to official tweets.

What are the utilities of tickets?

• Issuing CDS based on the Tickets’ traits.

• Rent CDS issuing times to earn.

• Share 10% of the service fee that GyroX changes in CDS market.

Can I trade my tickets?

Absolutely, holders have the right to trade tickets anytime in the inner marketplace.

Can I rent a Ticket to issue a CDS?

Yes, users can rent NFT Ticket to issue CDS events within the agreed time.

How do I claim my rewards?

Each role needs to wait until the end of the appeal period before making a claim, it was 7 days initially.

• As a liquidity provider, you can claim your rewards when CDS does not default.

• As an issuer, you can claim your rewards when CDS does not default.

• As a buyer, you can claim your rewards when CDS defaults.