# BorB intro

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**Developed by blockchain and cryptotrading industry experts, BorB was established to greatly simplify Web3 derivatives trading experience.**
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BorB is an open source and non-custodial crypto derivatives platform dedicated to trading on a new asset class: *fixed length crypto contracts.* These contracts pose a simple question – will the price of an asset be **B**ullish **or** **B**earish over a specific timeframe!? 

They are powered by smart contracts that can automatically facilitate and execute the terms of the contracts.

**There are two key elements that make up a crypto contract. These are:**

1. **The open price.** This is the all-important price level. The open price is central to the contract trading – to place a trade, you must decide if you think the underlying asset will be above or below.
2. **The expiration time.** You can trade crypto contracts lasting for up to one day, with a duration as short as five minutes.

## Is BorB safe?

BorB is a fully decentralized and autonomous contract trading platform which has no human interaction, where payouts cannot be tampered at any time.

* We’re built on open-source software: our site and all our Smart Contracts are publicly [visible](https://github.com/borb-fi/borb-contracts) for maximum transparency.
* We use Chainlink Automation to trigger our smart contract workflow for starting and ending trades and calculating users’ payouts.
* Our contracts are verified on BscScan so you know that what you see is what you get: [1](https://bscscan.com/token/0xfcC9b8a55F63b1fec16622F02c64D85CC53D38A6) [2](https://bscscan.com/address/0x2d5a1155e0ad0d0d3857649171b5d348258a5802) [3](https://bscscan.com/address/0x594Cc4566e38A6105a851F1389b47CC37c5a2a3D) [4](https://bscscan.com/address/0x4b970ED4E52088F8b8E62e2bF1772b545B97fd8f) [5](https://bscscan.com/address/0xe8e8d73e73130cfae407e2e371fda8eda5873ee1)