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OptionRoom (ROOM)

ICO

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

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Overview

Project industryBlockchain Infrastructure
Product typeTechnology

What is OptionRoom

OptionRoom is a user governed oracle and forecast protocol built on Polkadot. OptionRoom has the ability to serve as a OaaS - Oracle as a Service where oracle requests are solved by governance. Oracle requests cost a fee and a solution incentive paid in ROOM, rewarded to request solvers. OptionRoom allows users to create and participate in event derivatives that are pegged to real world outcomes by governance consensus. Introducing a dual token model with a utility token (ROOM) and a governance token (COURT).

COURT tokens are obtained by providing liquidity/staking ROOM, while ROOM tokens are rewarded to protocol participants. COURT tokens are staked into governance for voting power determined by authenticity score - amount of time staked. Honest governance participants are rewarded with ROOM tokens while dishonest participants are punished by token slashing and authenticity score reset. Protocol fees power a buyback mechanism.

Details

Public sales: Feb 05, 2021 - Feb 05, 2021
Token supply: 500,000,000 ROOM
Total tokens for sale: 100,000,000 ROOM

Legal

Blockchain Platform: Polkadot

Token info

Ticker: ROOM
Type: Utility-token
Token price in USD: 1 ROOM = 0.05 USD

OptionRoom Roadmap

1
Q4 2020
  • Concept
  • Phase 1 research
  • Funding round
  • 2
    Q1 2021
  • Development Phase 1: MVP
  • Token Generation Event: ROOM
  • Staking Launch v1
  • 3
    Q2 2021
  • Protocol Launch
  • Governance Portal Launch
  • Bug Bounty/Audits
  • Staking Launch v2
  • 4
    Q3 2021
  • Polkadot integration
  • Protocol launch v2
  • Project team

    Marsel Adawi
    Marsel Adawi
    CEO
    Marsel Adawi linkedin
    Wajed Afaneh
    Wajed Afaneh
    CTO
    Wajed Afaneh linkedin
    Tareq Doufish
    Tareq Doufish
    Solidity developer/Devops Engineer
    Tareq Doufish linkedin
    Nasser Najjar
    Nasser Najjar
    Solidity developer/System Architecture
    Nasser Najjar linkedin

    Advisors

    Jack Lu
    Jack Lu
    NGC Ventures US regional Investment Director, co-founder of bounce.finance
    Jack Lu linkedin
    Chris Tom
    Chris Tom
    NetZero Capital Partner, Early 2013 Advocate for Distributed Ledger Technologies
    Chris Tom linkedin

    Social media

    OptionRoom web-siteOptionRoom MediumOptionRoom TelegramOptionRoom TwitterOptionRoom Github

    User rating:

    5/5 ( 1 )
    1

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