frequently asked questions

Got questions? Here's our FAQ! If you don't find what you're looking for there, please don't hesitate to reach out to us on our social media platforms

1. War of Coins Arena FAQ

1 - What is War of Coins?

War of Coins is a cutting-edge DeFi options platform that revolutionizes your short-term trading strategy. Our fast-paced and simplified world of options trading allows you to step into the world of low-risk, high-reward trading with ease. Whether you're a seasoned trader or a beginner, War of Coins offers a user-friendly experience that will help you take your trading game to the next level.

2 - How do I play War of Coins?

Step 1: Choose your cryptocurrency.
Step 2: Decide on the price direction.
Step 3: Check out the profit table.
Step 4: Select the purchase amount and commit to the transaction.
Step 5: Watch the action.
Step 6: Collect your profits, if you win.

3 - How can I trade the currencies I want?

The list of tradeable currencies will be updated so be sure to check back often! The ones you want might be next!

4 - How are the profits calculated?

War of Coins employs a sophisticated risk management strategy to ensure the safety of our users' funds. The allocated fund for each session is divided into several slots, each corresponding to various maximum payout levels, such as 100x, 50x, 20x, 10x, 5x, and 2x. The value of each slot is proportional to the maximum payout level, with the highest payout slots allocated more funds. For example, if the 100x slot contains 1 million USDT, the 50x slot should contain 0.5 million, and the 2x slot should contain 0.02 million. Each slot can accept orders up to a total amount of 10K USDT.

5 - Why I am unable to achieve 100x profit even though the target price has been surpassed?

The system begins each session with the 100x slot active, and once the total purchase amount for that slot is exhausted, the system will switch to the next lower payout slot, corresponding to a new maximum payout level. For instance, when the 100x slot is depleted, the system will move to the 50x slot, and the maximum payout will reduce to 50x for the new purchase.

Through our robust risk management policies, War of Coins ensures that all purchases are backed by the liquidity pool, providing a safe and secure trading environment for our users. This is why the sooner you act, the greater your potential rewards can be!

6 - Where does War of Coins get market data?

To ensure accurate pricing, a price oracle is integrated into our platform, collecting quotes from major cryptocurrency exchanges.

2. War of Coins Legion FAQ

1 - How do I join the War of Coins legion?

You can join the War of Coins Legion by purchasing or earning your membership rank. You can also upgrade your membership rank at any time. Or, gather legionaries by referring your friends so you can move up the ranks and earn rewards together!

2 - What are the benefits from joining the War of Coins legion?

You can earn token rewards and trading profit bonuses.

3 - Will I qualify for a higher membership level when I complete the qualifications of the next tier?

Yes - legionaries can move up in ranks by qualifying for the next legion rank, or buy purchasing the price difference to reach the next rank.

3. War of Coins Backend FAQ

1 - How do I get WARC?

Users who make option purchases will get WARC rewards with following mining parameters:

1) Maximum rewards per session.Example: 10000Given the total WARC for mining is 600 million, 24 sessions a day, rewards will last for 600M/24/10000 = 2500 days

2) WARC reward ratio table:
Example:
The first 20,000 USDT purchase: 20% ratio, total 4000 WARC.
Purchase from 20,001 USDT to 50,000 USDT: 10% ratio, total 3000 WARC.
Purchase from 50,000 USDT to 110,000 USDT: 5% ratio, total 3000 WARC.
Purchase from 110,000 USDT: no reward.

3) Both parameters are subject to adjustment according to the operation status.

3 - What can WARC be used for?

WARC can be used for staking and earn interest returns on yourinvestment, similar to earning interest on money in a savings account. The interest earned comes from the WARC operations pool, which provides rewards to stakers. The current interest rate is set at 0.02% daily, which translates to an annual return of approximately 7.3%.

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4 - How is WARC distributed?

60%
Reserved for Mining
Action mining

20%
Community and RewardsMembership rewards, community activities, etc.

8%
Operations
Reserved for operation usage, LP staking, WARC staking interest payments, etc.

12%
WARC Team
Stakeholders, internal team members, etc.

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5 - How is the liquidity pool managed?

To join the liquidity pool, liquidity providers must stake a certain amount of WARC tokens. For instance, if the staking ratio is 1, then the user must stake 10,000 WARC tokens to be eligible to deposit 10,000 USDT into the pool. The staking ratio may be adjusted in the future, which will depend on two main factors: the liquidity pool's size and the price of WARC.

6 - How does the War of Coin’s options engine compare to real life options trading?

War of Coins provides users with a low-risk opportunity to profit from price movements without owning the asset, through a type of trading known as "contract for difference" (CFD), which experienced crypto enthusiasts and traders may compare to options trading. CFDs are based on real-life markets, so technical analysis and market news can help users make informed decisions. There are two options positions available: buying options or selling options. When buying a call/put option, users can purchase units for long/short positions, while selling a call/put option allows them to form a liquidity pool.

To determine the theoretical value of an options contract, the underlying engine of War of Coins combines the widely used options premium calculation called the Black-Scholes Model with customized measurements. This takes into account the impact of time and other associated risk factors.