Alisa Davidson
Revealed: March 20, 2025 at 5:30 am Up to date: March 20, 2025 at 5:30 am
Edited and fact-checked:
March 20, 2025 at 5:30 am
In Transient
Opinion Labs has introduced the launch of the Monad testnet, providing zero gasoline charges for the MON token and a limited-time free trial of 100 USDO.
Developer of blockchain-based prediction markets, Opinion Labs introduced the launch of the Monad testnet. This platform is the primary prediction market to help each stablecoins and liquid staking tokens (LSTs). As an incentive for early customers, the platform presents a zero gasoline price for the MON token and a limited-time free trial of 100 USDO.
With a view to get began, customers are inspired to register an account, join their cryptocurrency wallets to finish the setup course of, add funds, and start buying and selling. In the marketplace web page, customers will discover an order e book the place they will view orders that haven’t been stuffed but. Crimson numbers signify asks, whereas inexperienced numbers signify bids. Moreover, customers will see the anticipated outcome for the market, the chance proportion that displays the probability of that consequence primarily based on present person predictions, and the worth to purchase a share in that consequence. When the ultimate result’s revealed, the proper consequence is value $1 per share, and the inaccurate consequence is value $0.
The platform additionally consists of the O.LAB factors system, which tracks person participation, social interactions, transactions, and contributions to group growth. Customers can earn factors by participating in social duties or finishing trading-related actions.
Opinion Labs: Democratizing Buying and selling By Offering Seamlessly Built-in Platform With Unified Liquidity
Opinion Labs goals to democratize international buying and selling by eradicating cross-market frictions and providing a seamlessly built-in platform with unified liquidity. The platform permits anybody to create predictions utilizing any token, working in a decentralized and permissionless method. It empowers customers to make predictions, interact in buying and selling, and confirm outcomes.
Much like how Uniswap remodeled token swapping and automatic market makers (AMMs), Opinion Protocol introduces a scalable and permissionless resolution for prediction markets. It simplifies the method of making markets, improves worth discovery, and supplies a simple entry level for decentralized functions (Dapps) to combine and take part.
The launch of the testnet follows a current fundraising effort by which Opinion Labs efficiently closed a $5M seed spherical, led by YZi Labs, with extra participation from Echo, Animoca Ventures, Manifold, Amber Group, and different buyers.
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About The Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
