Optionroom.finace is a governed oracle and forecast protocol built on Polkadot. ther aim is to create a scalable protocol with multiple use cases: from oracle as a service to limitless event derivates. Protocol Features: OaaS: User governed Oracle as they a service: OptionRoom has the ability to serve as an OaaS — Oracle as a Service where oracle requests are solved by governance.
User governed forecast market protocol: OptionRoom allows users to create and participate in event derivatives that are pegged to real-world outcomes by governance consensus Dual token model: Dual token model: ROOM serving as the utility token of OptionRoom and COURT serving as the governance token of the protocol.
Optionroom.finace Governance staking and authenticity score: Users stake their court for an increasingly higher authenticity score, meaning more voting power. Honest governance participants are rewarded with ROOM while dishonest participants are punished. LP mining: The governance token COURT can only be obtained by providing liquidity/ staking the utility token ROOM Self-sustainable and community based: Protocol fees fuel a buyback mechanism. The founders of OptionRoom receive no percentage of the protocol fees. Built on Polkadot: OptionRoom v2 is planned to be built on Polkadot.
Optionroom.finace they vision is to create a self-sustainable user governed oracle and forecast protocol built on Polkadot. they aim to create a strong and diversified community over time, thus making the protocol truly community governed and decentralized.
Optionroom.finace One of the highly anticipated projects built on the Polkadot ecosystem, Option room launches on February 5th, 2021, and public sale is conducted on Bounce and Polkastarter platform. Let me have an in-depth review of the project. Option room has they dual tokens, Room which is a complete utility token and Court is a Governance Token. Governance tokens can only be obtained by providing liquidity to their utility token Room.
The dual token model serves a purpose as only the most involved investors are the only individuals who can obtain Court tokens. Further, it won’t dilute the Governance ecosystem with dishonest investors. It is an OAAS ( Oracle as a service) Protocol where oracle requests are only solved by governance consensus. If the requests are not solved, the request process starts afresh.
OaaS: User governed Oracle as a service
Optionroom.finance has the ability to serve as an OaaS – Oracle as a Service where oracle requests they are solved by governance.
User governed forecast market protocol
Optionroom.finance allows users to create and participate in event derivatives that are pegged to real-world outcomes by governance consensus.
Dual token model
Optionroom.finance Dual token model: ROOM serving as the utility token of OptionRoom and COURT serving as the governance token of the protocol.
Governance staking and authenticity score
Optionroom.finace Users stake their court for an increasingly higher authenticity score, meaning more voting power. Honest governance participants are rewarded with ROOM while dishonest participants tokens are slashed.
Optionroom.finance the governance token COURT can only be obtained by providing liquidity/staking the utility token ROOM
Self-sustainable and community based
Optionroom.finance Protocol fees fuel a buyback mechanism. The founders of Optionroom receive no percentage of the protocol fees.
Built on Polkadot
optionroom OptionRoom v2 is planned to be built on Polkadot.
optionroom.finance rewards protocol and governance participants. Pools creators get rewarded with a percentage of the pool winnings, creating an incentive to promote their pools.
Reward buffer pool
Optionroom.finace Excessive fees generated from the protocol are diverted to a reward buffer pool to be used as protocol rewards reducing inflation.
Optionroom.finace OaaS, limitless prediction markets, decentralized polls, they dispute resolution, decentralized surveys, curated lists – are some of the use-cases of Optionroom’s architecture.
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