Credits

WeatherMage's goal is to educate people not only about weather derivatives and their potential, but to also bring awareness to the incredible changes our weather has undergone even in the short time period since the market's inception.

Given that trading is mainly speculative in nature, "credits" are the currency WeatherMage traders will use in the platform.

Every new user on the WeatherMage platform is given 1000 credits to begin trading with.

Margining trades lock up 100 credits for each degree day notional. For example, a 5 credit/HDD trade will lock up 500 credits. If a trader's credit total ever drops below 100, their account is immediately frozen. All positions are not closed, however.

A trader must then purchase additional credits to continue trading on the platform.

Purchasing Credits

Credits can be purchased through the landing page menu via PayPal. We offer discounts for larger credit purchases.

As traders become more proficient and begin winning credits, the system tracks the realized winnings. Keep in mind that traders must close out their positions in order for those winnings to be considered realized.

Later traders will be able to redeem credits up to the amount of their realized winnings for prizes and even cryptocurrency and other digital assets.

Use of Funds from Credit Sales

In keeping with our goal of bringing weather awareness and education to people globally, we will set aside significant portion of the funds we generate from selling platform credits to a WeatherMage Impact Fund. Earnings and principal from this fund will be dedicated for education and aid to people of communities adversely affected by extreme weather events.

As of this writing we will designate at least 25% of our sales (net of payment processing fees) to this fund.

It is our intention to increase this percentage as we grow our userbase and can benefit from efficiencies and economies of scale.