Ethorse price is $0.00024785
As of now, the current price of Ethorse (HORSE) is $ 0.00024785.
Ethorse is an innovative decentralized application (DApp) built on the Ethereum blockchain. This platform allows users to bet on their selected cryptocurrency's performance within a certain timeframe. The winner is the one who chooses the cryptocurrency that performs the best among all other competing ones. Ethorse utilizes Ethereum smart contracts which ensures that no one has control over the race or user's funds once a contract is deployed and a race is announced.
Ethorse doesn't explicitly mention a founder or a specific team behind its creation. It is a decentralized project using Ethereum's blockchain technology, as such, it emphasizes its lack of a centralized authority. It instead places its trust in its community and the mechanism design that underlies the Ethorse betting system.
Similar to a horse race where you bet on the fastest horse, Ethorse allows you to bet on the fastest-growing cryptocurrency over a set period. The key difference is you're betting on the price of cryptocurrencies rather than actual horses. These bets are placed and rewards are claimed via the Metamask plugin for Chrome and Firefox browsers or with the Ethereum based Mist browser.
Once a smart contract is deployed and a race is announced, users can choose the coin/token they believe will perform the best. If the chosen coin/token performs better than others, the user wins a portion of the entire pool of bets. Every bet, outcome, and reward distribution is entirely governed by Ethereum smart contracts, making the process transparent and eliminating the need for a trusted third-party.
Ethorse is unique in its utilization of blockchain technology for cryptocurrency price betting. The implementation of Ethereum smart contracts in the system ensures complete security and transparency of the races. User funds are completely safeguarded as no one has access to them once a contract has been deployed. This system also negates the need for any third-party facilitator, making Ethorse a truly decentralized betting platform.
Within the wide range of cryptocurrencies available in the market today, Ethorse has secured the #3528 position in terms of market capitalization.
In the last 24 hours, Ethorse's price has increased by +0.00%.
The current circulating supply of Ethorse (HORSE) is 106.3M.
Ethorse (HORSE) can be bought or sold on the following exchanges: YoBit.
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