The following Text is directly taken from their official website.
It is still in Beta but you can test it.
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What is Hxro?
Hxro is a cryptocurrency platform that offers perpetual, time-based digital derivatives products. Hxro offers a simplified way to interact with the market, giving traders an alternative way to express a view on price, hedge risk and trade digital assets. While providing a useful tool for speculation and trading by some of the world's most advanced traders and firms, our products are fair, approachable and easy to understand for a wide spectrum of users.
Hxro has taken inspiration from legacy financial markets and merged it with social gaming layers to provide users with an innovative alternative to trading crypto assets. One of Hxro’s unique attributes is that its core products are parimutuel - a system that aggregates all positions into a liquidity pool with in-the-money positions sharing the pool at expiration. This creates a new dimension of fairness and payoff possibilities for our user base.
The application of parimutuel technology to digital markets creates an environment that distills trading down to a simple question of higher (Moon) or lower (Rekt) and a simple payoff mechanism - out-of-the-money positions pay in-the-money positions.
MoonRekt digitals are the flagship product of Hxro.
MoonRekt markets are comprised of perpetually linked, time-based digital options. They are peer-to-peer and utilize the parimutuel model to determine contract payoff. Therefore, they do not require a trader to interact with a market maker or traditional bid-ask order book (as you would in a bi-lateral market or standard double auction market).
Traders in MoonRekt identify the directional movement of Bitcoin and other cryptocurrencies during specified periods of time. In contracts of pre-defined lengths (1-minute, 5-minute, 15-minute, 1-hour, 1-day, etc.), participants choose whether the crypto will Moon (go higher) or get Rekt (go lower) during the specified period of time.
At the designated open for each contract, the LOCKED PRICE is displayed. The LOCKED PRICE is the strike price for the contract. The LOCKED PRICE for each contract is the same as the settlement price or CLOSED PRICE of the preceding contract. At the end of the contract, when the clock reaches 00:00, the CLOSED PRICE is calculated. The CLOSED PRICE is the last price of the Hxro Index on or before expiration time 00:00.
If the contract’s CLOSED PRICE is higher than the LOCKED PRICE, users who hold Moon positions are in-the-money. If the CLOSED PRICE is lower than the LOCKED PRICE, users who hold Rekt positions are in-the-money. (Learn about the Hxro Index pricing details here).
HXRO is an ERC-20 token issued on the Ethereum blockchain. HXRO is the network token of the Hxro ecosystem.
HXRO and BTC are currently the only two digital currencies that can be used for trading on platform.
Hxro gives fee discounts in the form of rebates to its holders on platform. Higher HXRO holdings leads to higher rebates.
Users earn status and achievement unlocks based on HXRO balances, plays, and earnings.
For more information on the Hxro token, please visit out Token Transparency Page here.
If you want to give HXRO a try feel free to register here.
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