Forex 32 is a decentralized system for holding positions in foreign currencies. Use your mimecoins and buy in to markets and hold long or short positions in 32 of the world's largest currencies. Mimecoins are stablecoins that are worth a dollar each but can mimic the value of foreign currencies when invested in markets.

Positions in foreign currencies are owned via cryptographic private keys that you hold, and mimecoin forex position contracts can be divided and transferred by broadcasting transactions on the blockchain. In Forex 32, markets are open for betting for six hours and then forex contracts convert and pay out to mimecoins three days later. Long term forex positions can be held by automatically purchasing new positions every 3 days. Forex markets only mimic an asset between a certain price range, so large swings in foreign currency values within each 3 day window can lead to payouts that differ from the true value of tracked assets.

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