What is Ethorse? Ethorse is an Ethereum Smart Contract based DApp for betting on the price of Cryptocurrencies and win from everyone whoShow more [+] bets against you. Users bet on a coin/token that performs the best among all the other competing ones in a specific time period. Bets are placed and rewards are claimed using Metamask plugin for Chrome/Firefox or the Ethereum based Mist browser. Being completely secured by the blockchain, no one has control over the race or user funds once a contract is deployed and a race is announced.
My friend /u/ckd001 recently launched a new DEX that utilizes algo based pricing (similar to Bancor) to enable instant trading. I have now launched a market for the horse community to be able to buy and sell small amounts of horse instantly. Currently the contract is seeded with 3.5 ETH and 53,500 HORSE, I have opted to keep the amount small at start due to the experimental nature of the contract.
That said, don't be shy and give it a whirl. The contract can be helpful for reinvesting dividends or slowly building a position out over time. Due to the way it functions, each trade will change the price of the market. This means it is best suited for smaller orders (be sure to check your estimated price on the UI before submitting an order).
Due to the constantly shifting price, there will be opportunities for members of the community to arbitrage the price so that it stays in line with other exchanges like Yobit and EtherDelta. If you want to easily check for an arbitrage opportunity, visit this contract (https://etherscan.io/address/0xe1b21d704e4460ed0b910a9c1c5e1a0cfa2dbdbe) and see if the value of horse and eth is out of balance. If there is a difference of more than 2%, there is money to be made :)
If you have any questions post them here or reach out to me: ProficieNt - Oliver#3097 on Discord.