INTRODUCING THE NEXT BIG DEAL IN THE PREDICTION MARKET!
The Defi space over the past few months has experienced an unprecedented boom that has shaken the foundation of the entire crypto ecosystem. With many projects springing up every day, it becomes an arduous task to find those ones that are creating real values rather than empty promises. In my usual way of scanning through upcoming projects at the top 7 ICO, one project caught my attention and stood out among others. I was forced to enquire about it and do further readings on it. The project is Option room. I found it unique in the sense that while there are other prediction platforms already, the exciting features it has, as will be discussed below, will leave you with no other option but to join its train.
SO, WHAT IS OPTIONROOM?
Optionroom is a user governed oracle and forecast protocol built on Polkadot. It allows users to create and participate in event derivatives that are pegged to real-world outcomes by governance consensus. They aim to create highly diversified community overtime to make the protocol truly community governed and decentralized.
WHAT ARE THEY BRINGING TO THE TABLE?
While there are several prediction platforms already, the optionroom is fully loaded with new and innovative ideas which I believe would disrupt and revolutionize the space. The features of the platform are quite numerous but I am most excited about the ones listed below,
1. Self-sustainability and community based: the optionroom is one of the few projects out there that are truly community-centered and poised on self-sustainability; this is evident in the model in which the protocol fees would fuel a buyback mechanism. Also, it is worthy of note that the founders of Optionroom receive no percentage of the protocol fees. Cool huh?
2. Multiple use cases: unlike the several projects out there with no real use case, this project is ladened with multiple use cases such as OaaS (oracle as a service), limitless prediction market, decentralized polls, etc.
3. User incentives: the platform also rewards its users including protocol and governance participants.
4. Dual token nature: the protocol has a dual token viz; the $ROOM token which is the utility token and the $COURT token which is the governance token. The $COURT token can be gotten via providing liquidity.
ANY INFO ON THE TEAM?
The prevalence of “rug pull” in the crypto space recently has made people inquisitive as regards the brains behind a project. When it comes to Option room, you should fret not as the team is fully public and led by Marshal Adawi who has several years’ experience in blockchain development as well as full-time trading and arbitrage bot developer. The LinkedIn info of the team is on their website.
WHAT ADVANTAGE DOES OPTIONROOM HAVE OVER OTHERS?
While there are others, the merits of optionroom over them as shown in the image below makes it a no brainer.
WHAT ABOUT THE TOKENOMICS?
The optionroom tokenomics, as well as other details, can be found in the links below: