OptionRoom a user governed Oracle as a Service(OaaS) and forecast protocol built on Polkadot closes $200K seed round led by NGC Ventures followed by CMS Holdings, Spark Digital, Paka Fund, PNYX Ventures and NetZero Capital.

OptionRoom will be wrapping up a strategic investment round as the protocol looks forward to the TGE set for February.

NGC Ventures is one of the largest institutional investors of blockchain and distributed ledger technologies, and has been a key contributor to a number of leading blockchain projects. NGC will support with user acquisition and exposure in Asia.

CMS is a principal investment firm focused…


Summary

  • On Saturday, July 10th, 2021 at 20:47 UTC, there was a vulnerability exploit in the ChainSwap protocol that impacted ROOM token holders.
  • Multiple projects have been affected by this hack, including OptionRoom. The hacker was able to acquire 2.3M ROOM tokens on the Ethereum chain, and 10M ROOM tokens on the BSC chain.
  • OptionRoom team made a quick decision to withdraw and sell into existing Uniswap liquidity in order to protect token holders and liquidity providers from the hacker selling into the liquidity pool
  • We were able to recover $443,974 by selling tokens from the deployer into the Uniswap pool…


In anticipation of the Prediction Market product launch OptionRoom is hosting a market creation contest.

Suggest a prediction market by filling out this form: 👉🏽 https://forms.gle/jUB5qaqQ1Nv6fAnB8

The OptionRoom team will pick 10 suggested markets that win. Winning markets will be created on launch and winners will receive 500 ROOM each.

Follow us:

Website: https://www.optionroom.finance

Telegram: https://t.me/OptionRoom

Twitter: https://twitter.com/option_room


Summary:

  • First successful audit, no severe issues found. All recommendations have been implemented — report can be found here: https://github.com/OptionRoom/OptionRoom-MarketPlaceProtocol/tree/main/contracts/audit
  • The OptionRoom team is talking to several marketing companies in preparation for the mainnet beta launch, team will give their decision by the end of the month. The team will be aiming at a full week of marketing and content before the launch
  • UI revamp and update

Smart contract audit

We are excited to announce that OptionRoom has successfully undergone an audit by the firm FairyProof. No severe issues have been found and recommendations have been successfully implemented. …


We are excited to announce a major milestone for the OptionRoom protocol. The OptionRoom governance token COURT has reached a total supply of 40,000 at block 12580565. This means no more COURT will ever be minted.

COURT tokens are currently distributed across 2200 holders across BSC and ETH.

Summary

  • COURT reached the maximum supply of 40,000
  • Forecast Markets Beta including Governance module launch is around the corner
  • We are in the final iteration of the smart contract audits, full report will be published in the upcoming days

Moving forward

The Forecast Markets Beta launch including the Governance module is just around the corner…


We are excited to announce the details of the OptionRoom governance token: COURT.

COURT tokens first become claimable and tradeable on 13 May 2:00 PM UTC. This article aims to explain the COURT token in detail.

Summary:

  • COURT tokens will become claimable on the ETH network on 13th May at 2:00 PM UTC
  • COURT token will be listed on Pancakeswap on the 13th of May under the COURT/BUSD pair
  • COURT will be cross-chain between ETH and BSC using the ChainSwap bridge
  • Due to high ETH gas fees and feedback from our community, OptionRoom will deploy the governance module on Binance Smart…


Dear community, we are announcing that the early supporters (Seed and Private Round) of the $ROOM will begin their next daily vesting schedule on the 5th of June together with the protocol launch.

Thank you for your continuous support ❤️

Follow us:

Website: https://www.optionroom.finance

Telegram: https://t.me/OptionRoom

Twitter: https://twitter.com/option_room


We are excited to announce the launch of our Closed Beta Program and share the latest development updates with our community.

During the past weeks, we have been working hard to deliver the OptionRoom protocol on time, we are excited to announce that we are ahead of schedule.

Summary ✨

  • Forecast market Beta version is finished
  • Closed Beta Testing Program launch, 20 testers with rewards to the tester who provide most valuable feedback on the OptionRoom Beta
  • Register to be one of 20 Closed Beta Testers HERE
  • Governance is currently under development: UI is completed, smart contracts are undergoing audits
  • Whitepaper and…


We are excited to announce a partnership with UNION. This partnership will allow OptionRoom to solve arbitration disputes of oracle requests via decentralized, community governance. This will allow Polkadot-based UNION claims to be settled via OptionRoom’s arbitration process. Additionally, OptionRoom’s incentivized network of experts, aligned via reputation (authenticity) scores, can help validate that specific events occurred on Polkadot relating to UNION protection pools. OptionRoom’s limitless event oracles also future-proof’s UNION protection suite as the line of real-world outcomes blurs with pure digital outcomes.

Here is what the CEO of OptionRoom has to say about the partnership:

“We are excited about…


COURT is the governance token of the OptionRoom ecosystem ultimately required for participating in protocol governance including forecast markets, resolution, protocol proposals, Oracle as a Service — OaaS, and future products in the OptionRoom ecosystem.

We have adjusted the COURT mechanics from the whitepaper creating a dynamic relationship between ROOM and COURT.

Governance rewards will be paid out in ROOM tokens making the COURT token supply deflationary in nature.

Summary:

  • Initial supply: 0 COURT
  • Max supply: 40,000 COURT, maximum supply reached after 3 months
  • Farming period: 3 months starting from 13th of March
  • First 30 days give x2 COURT rewards
  • COURT…

OptionRoom

OptionRoom — User governed oracle and forecast protocol built on Polkadot

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