PRESS RELEASE. After being in stealth mode since 2020 and undergoing drastic upgrades and gameplay enhancements, the ALL NEW YOLOREKT is now LIVE. People can bid and earn USDC on various assets during 3-minute games.
The ALL NEW YOLOREKT
The new YOLOREKT means lots of fun and lots of earning potential. Based on 3-minute rounds, users have an infinite number of chances to bid on whether the strike price will be higher – or lower – than the actual price of assets like Ethereum, Bitcoin, MATIC, Doge, Tesla , Gamestop – with many more in the pipeline. Users will be able to bid as many times as they wish in any of the 3 minute games – even bidding on 10 round games in the future.
OPPORTUNITY WITH A MARKET VALUE OF MORE THAN $1 QUADRILLION –
Yogesh Srihari, co-founder of YOLOREKT says: “The volumes in the traditional derivatives market are way above $1+ Quadrillion compared to the volume of crypto derivatives which amounts to only $32 trillion and more in 2021”
“We will be a catalyst to usher in user demand in Web3 through our playful approach to price action,” adds Yogesh Srihari.
“Options are much more complex and difficult for retail traders to understand,” says YOLOREKT co-founder Garen Vartanian.
Paul Veradittakit, Partner at Pantera Capital, said: “YOLOREKT’s focus on an incredible user experience – something sometimes underestimated in the industry – will hopefully spark greater interest in speculation and learning about cryptocurrency”.
“YOLOREKT sits at the perfect intersection of these major trends, which show no signs of slowing down,” adds Paul Verdittakit.
YOLOREKT was selected as part of the Coinlist Seed Spring Batch 2021 and successfully completed its private round last year with renowned investors such as Pantera Capital, Cluster Capital, LemisCap, Deep Ventures, Angel DAO, Kretos Ventures and many other leading angel investors.
During its beta program, YOLOREKT hosted 30,000 whitelisted users to test the product.
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