# Binary Options V2

Aries Financial’s Binary Option application created a new way for WBNB owners to consume WBNB. This manual provides users with a clear explanation of Binary Option Application.

## **What is Binary Option?**

Binary Option is a form of trading in which you predict if the price of Bitcoin / Ethereum will rise or fall in a certain amount of time. If your prediction is right, you will get a high amount of payoff. If you are incorrect, you will lose your investment.\
Since the trader needs to choose between these two options (High or Low), it is rightly termed as “Binary Option”.&#x20;

Traders predict whether the price at maturity will be above or below the set price, and if the forecast is correct, the prescribed amount will be refunded, while if it is not, the purchase funds will be lost.

## **Guarantee of transparency and fairness**

We use Chain Link as our price feeder to assure fairness. All the betting and judgement tasks are handled by a single smart contract to assure transparency. Unlike other centralized Binary Option applications, we build a neutral platform to allow users to participate as betters or poolers or both sides to assure fairness. We only take some percentage of fee on each transaction as our business model.&#x20;

## **Introduction**

This binary Option Application is on Binance Smart Chain network. Please do the following if you are the 1st time user. \
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1\. Setup metamask for BSC chain.

2\. Buy BNB to pay the gas.

3\. Buy WBNB on Pancakeswap or use our yield farming application to earn WBNB.\\

You have to set up BSC network, otherwise you won’t show a Total balance, Total Win/Lose, Daily Win/Lose, WBNB balance in Wallet, trading log(Active/Historical).  \\

If you are not a first time user, please switch to Binance Smart Chain on your metamask now and continue to trade.\
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