NGC

As part of the Deriv.Ex project you will find here the general functioning of NegativeCoin, our first token correlated on a short position of bitcoin in absolute value. The concepts and general idea of the project. The general idea of absolute correlated tokens is the following. Our tokens have a price of their own, but their basic variation subject to the law of supply and demand, are also subject to the laws of supply and demand of a monopoly situation. We can thus create customised token prices. Let's take a simple example: Suppose we have a token X that would be correlated to a cryptocurrency Y in order to hold a short Y position.