icon - OptionRoom
ROOM OptionRoom
+ 14.83%
$ 0.00116634
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • -
    OptionRoom
    $ 0.00116634
    $ 14,571
    $ 37,653
    12,493,373 ROOM
    + 14.83%

OptionRoom. Price of cryptocurrency: $ 0.00116634

Polkadot was used to build the option room oracle and forecast protocol. A protocol with multiple use cases is needed. The event is derivates.
Protocol features:
The option room can serve as an oracle as a service where oracle requests are solved by governance.
User governed forecast market protocol allows users to create. The event derivatives are pegged to real-world outcomes. There is a consensus.
The utility token of option room is a dual token model. The governance token of the protocol is the COURT.
Users stake their court for an authenticity score. Voting power is increased by higher authenticity score. dishonest participants are punished while rewarded with room.
The governance token COURT can only be obtained via mining. The token was staked in the room.
Community based and self sustainable: Protocol fees fuel a mechanism. The founders of OptionRoom don't get a percentage of the protocol fees.
A second option room is planned to be built on Polkadot.
Protocol and governance participants can be rewarded with user incentives. The creators are rewarded with a percentage of the pool winnings. Promote their pools.
Fees generated from the protocol are diverted to a reward buffer pool. Protocol rewards reducing inflation by using buffer pool.
Multiple use-cases include OaaS, prediction markets and dispute. The use-case of OptionRoom's architecture includes resolution, surveys, and lists.