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OptionRoom

OptionRoom

OptionRoom is a governed oracle and forecast protocol built on Polkadot.

OverviewStructured DataIssuesContributors

Contents

optionroom.finance
app.optionroom.finance
Is a
Company
Company
Organization
Organization
Cryptocurrency
Cryptocurrency

Company attributes

Industry
Software as a service (SaaS)
Software as a service (SaaS)
Tokenization
Tokenization
Digital currency
Digital currency
Cryptocurrency
Cryptocurrency
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Data security
Data security
Location
Oakland, California
Oakland, California
British Virgin Islands
British Virgin Islands
Berkeley, California
Berkeley, California
B2X
B2B
B2B
CEO
‌
Marsel Adawi
0
Founder
‌
Iain McDonald
AngelList URL
angel.co/krioukov
Number of Employees (Ranges)
1 – 10
Full Address
Road Town, Tortola VG1110, VG0
Investors
NetZero
NetZero
Monday Capital
Monday Capital
‌
PNYX
Spark Capital
Spark Capital
Pnyx Ventures
Pnyx Ventures
General Catalyst
General Catalyst
NEA (New Enterprise Associates)
NEA (New Enterprise Associates)
...
Founded Date
2020
0
Total Funding Amount (USD)
200,000
12,000,000
Latest Funding Round Date
April 4, 2022
January 16, 2020
Competitors
Cryptobiz Exchange
Cryptobiz Exchange
Raven Protocol
Raven Protocol
Ares Protocol
Ares Protocol
PrePo
PrePo
Stock Symbol
ROOM0
Exchange
PancakeSwap
PancakeSwap
AscendEX
AscendEX
Gate.io
Gate.io
0
Poloniex
Poloniex
Uniswap
Uniswap
MEXC Global
MEXC Global
SushiSwap
SushiSwap
Hotbit Token (HTB)
Hotbit Token (HTB)
...
CTO
‌
Wajid Afaneh
Also Known As
ROOM
Latest Funding Type
Series A
Series A
Pre-Seed
Pre-Seed
Wellfound ID
krioukov
Technologies Used
‌
Domain Not Resolving
‌
IPv6
Country
United States
United States

Cryptocurrency attributes

Ticker Symbol
ROOM0
Maximum Supply
100,000,0000
Block Explorer URL
bscscan.com/token/0x3...e1b6fba8a4

Other attributes

Circulating Supply
12,493,3730
Company Operating Status
Active
Contact Page URL
bscscan.com/token/0x3...e1b6fba8a4
Citizenship
United Kingdom
United Kingdom
Cryptocurrency Symbol
ROOM0
Birthdate
August 14, 1952
Educated at
University of California, Berkeley
University of California, Berkeley
Founder of
ComfyApp
ComfyApp
Funding Round Date
January 16, 2020
Funding Round Amount (USD)
200,000
Funding Type
Pre-Seed
Pre-Seed
Invested in
‌
WorkAngel
Investment
NGC Ventures
NGC Ventures
CMS Holdings
CMS Holdings
Latest Funding Round Amount (USD)
200,000
12,000,000
Occupation
‌
Football player
Birthplace
Edinburgh
Edinburgh
Public/Private
Public
Source Code
bscscan.com/token/0x3...e1b6fba8a4
github.com/OptionRoom
Token Standard
BEP-200
Total Supply
100,000,0000
Wallet
crypto.com/defi-wallet/
coinbase.com/wallet/
argent.xyz
trezor.io
ledger.com
metamask.io
Wikidata ID
Q5980543
Protocol features

OaaS: User governed Oracle as 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.

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 tokens are slashed.

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.

User incentives

OptionRoom 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

Excessive fees generated from the protocol are diverted to a reward buffer pool to be used as protocol rewards reducing inflation.

Multiple use-cases

OaaS, limitless prediction markets, decentralized polls, dispute resolution, decentralized surveys, curated lists - are some of the use-cases of OptionRoom’s architecture.

OaaS: User governed Oracle as a service

OptionRoom has the ability to serve as an OaaS - Oracle as a Service where oracle requests are solved by governance.

Dual token model: ROOM serving as the utility token of OptionRoom and COURT serving as the governance token of the protocol.

OptionRoom allows users to create and participate in event derivatives that are pegged to real-world outcomes by governance consensus.

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.

Protocol fees fuel a buyback mechanism. The founders of OptionRoom receive no percentage of the protocol fees.

Excessive fees generated from the protocol are diverted to a reward buffer pool to be used as protocol rewards reducing inflation.

The governance token COURT can only be obtained by providing liquidity/staking the utility token ROOM.

OptionRoom rewards protocol and governance participants. Pools creators get rewarded with a percentage of the pool winnings, creating an incentive to promote their pools.

OaaS, limitless prediction markets, decentralized polls, dispute resolution, decentralized surveys, curated lists - are some of the use-cases of OptionRoom’s architecture.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date
No Further Resources data yet.

References

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