What are ASKOL futures?
ASKOL futures are options running on top of a particular charged asset market.
Non-fungible tokens (NFTs) are digital assets that are unique and cannot be exchanged for other tokens or assets on a one-to-one basis. They are often used to represent ownership of a digital asset, such as a piece of artwork or a collectible item. But we are taking it to the next level, ASKOL NFTs are a way to represent and trade the underlying charged market assets. For example, for example the NFT represents ownership of a particular share in a charged asset market by the market creator or other liquidity providers to that charged asset market. ASKOL options contracts can then be executed as covered calls or puts using the holder's NFT as cover for the option contract. In this way, ASKOL NFTs can be used to create complex financial instruments and futures market for the underlying charged asset market.