CoinWorld.com Reports:
[Press Release – Singapore, Singapore, October 25, 2024]
Leading multi-chain prediction market platform, today announced its plans for the TGE in the first quarter of 2025, as well as the expansion of its roadmap to the onmichain DeFi ecosystem, which includes futures trading, yield farming insurance vault, copy trading, Telegram mini-applications, integration of RWA predictions, and support for BNB, TON, and SUI blockchains.
The platform aims to develop a powerful social trading ecosystem that allows users to actively and passively engage in various trading strategies while minimizing capital requirements, providing low trading fees, and offering instant payments.
Unleashing capital efficiency through AMM aggregation and seamless infrastructure
As the niche corner of the cryptocurrency world, the prediction market is rapidly evolving into a key tool for crowdsourcing collective intelligence on a range of global events. One of the biggest challenges faced by prediction markets is the lack of true decentralization, particularly in terms of community ownership structures of predicted outcomes. Retail traders in the Web3 market often struggle to control and influence their investments and predictions. This problem is further complicated by several factors: retail traders often enter or exit trades at poor timings resulting in financial losses, large participants (whales) manipulate the market by trading with smaller investors, whales often engage in pump and dump schemes, using retail traders as liquidity exits, further deepening their losses.
NODO has made significant progress in this area, especially in the field of liquidity pools. One of the most promising integration areas is the liquidity pool. NODO plans to integrate existing automated market maker (AMM) models to provide more efficient and liquid markets for the outcome of activities. This positions NODO as a prediction market aggregator, allowing traders to invest in a wider range of AMMs. The supported main chains include BNB Smart Chain and BASE, as well as major tokens such as USDT and USDC.
Compared to the current leading prediction markets, NODO offers unique advantages including capital safety and automatic payments. The platform achieves this by recording the transactions when users purchase stocks and locking the exchanged assets in an insurance vault. Once the options market matures, cross-chain relayers will request payment, exchange the assets, and allocate them to the users’ wallets.
“NODO’s co-founder points out, “The potential for retail trading market share as collateral in lending protocols is particularly exciting.”
Sowmya Raghavan
“This could create new forms of synthetic assets and expand the range of financial instruments available in the DeFi ecosystem.”
NODO also collaborates with strategic partner Arthera to provide seamless trading for its product ecosystem.
Laurent Perello, Co-founder; CEO of Arthera and former TRON DAO advisor states, “Optimizing gas fees is crucial – this is possibly the most important step any community-driven Web3 ecosystem can take to strive for widespread adoption. The collaboration between Arthera and NODO will democratize the use of prediction markets for both Web2 and Web3 users.”
Forward-thinking – Tokenomics and Listing Strategy
NODO shared its upcoming token distribution strategy. The NODO token ecosystem aims to create a comprehensive framework for platform growth, community participation, and sustainable development. Members contribute to the ecosystem by driving quantity and community growth, and in return, they gain platform governance rights through owning NODO tokens. Token holders can choose to even become members of a dedicated security council, responsible for overseeing the platform’s liquidity pool and maintaining strong security measures. The ecosystem offers a unique lossless staking mechanism, allowing users to protect their funds while maintaining the potential for rewards, effectively eliminating the financial loss risk of participating in platform growth.
To encourage early adoption, NODO recently launched a Social Mining system where users accumulate “XP shares” through daily platform engagement, granting its most active users the first-day access to NODO tokens as community stakeholders. This unique community program has gained significant traction for NODO in major cryptocurrency markets such as the United States, Nigeria, Kenya, South Africa, Indonesia, Vietnam, and Russia.
About NODO
NODO is an all-chain social futures trading ecosystem with over 380,000 users in 14 countries that combines gamification with instant payment prediction markets. Users can predict real-world events through the NODO prediction market, while NODO 0DTE options provide instant payments for short-term cryptocurrency price predictions, aggregating multiple AMMs to enhance capital efficiency and reduce costs. NODO is building a gamified social trading ecosystem where users earn daily rewards and gain ecosystem governance by contributing to community market sentiment.
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For more information, users can visit nodo.xyz.
For inquiries regarding this version, users can contact [email protected] or [email protected]
