Singapore, Singapore, October 25th, 2024,
Chainwire
NODO, a leading multichain
prediction markets platform, today announces its plan for a TGE in
Q1 2025 and roadmap expansion towards an onmichain DeFi ecosystem,
which includes integration of futures trading, yield farming
vaults, copy trading, Telegram miniapp, RWA predictions, and
support for BNB, TON, and SUI blockchains.
The platform aims to develop a highly
functional social trading ecosystem, enabling users to participate
in various trading strategies—both actively and passively—while
minimizing capital requirements, offering low transaction fees, and
providing instant payouts.
Unlocking Capital Efficiency
With AMM Aggregation and A Feeless Infrastructure
Once a niche corner of the crypto
world, prediction markets are rapidly evolving into crucial
tools for crowdsourcing collective intelligence on a range of
global events. One of the biggest challenges in prediction markets
is the lack of true decentralization, particularly in how community
ownership of prediction outcomes is structured. Retail traders in
Web3 markets often struggle with limited control and influence over
their investments and predictions. This issue is compounded by
several factors: retail traders frequently incur financial losses
by entering or exiting trades at poor times, large players (whales)
manipulate the market to their advantage by trading against smaller
investors, and whales often engage in pump-and-dump schemes, using
retail traders as exit liquidity, which further deepens their
losses.
NODO, in particular, has made
significant strides in this area. One of the most promising areas
of integration is with liquidity pools. NODO plans to aggregate
existing automated market maker (AMM) models for its market-making,
potentially creating more efficient and liquid markets for event
outcomes. This move will position NODO as a prediction market
aggregator, enabling traders to invest in a broader range of AMMs.
Major chains supported include BNB Smart Chain and BASE, with major
tokens such as USDT and USDC.
Compared to current leading prediction
markets, NODO offers unique benefits including capital safety and
automated payouts. The platform accomplishes this by recording
transactions when users purchase shares and locking swapped assets
in a vault. Once an option market matures, a cross-chain relayer
claims the payout, swaps assets, and distributes them to the user’s
wallet.
"The potential for retail trading market shares to be
used as collateral in lending protocols is particularly exciting,"
notes NODO’s Co-Founder Sowmya Raghavan. "This
could create new forms of synthetic assets, expanding the range of
financial instruments available in the DeFi
ecosystem."
NODO is also working with strategic
partner Arthera to provide feeless transactions for its product
ecosystem.
Laurent Perello, Co-Founder & CEO of Arthera and
former TRON DAO advisor, shares: “Optimizing gas fees is
crucial—it's perhaps the most vital step for any community-driven
Web3 ecosystem striving for widespread adoption. Arthera and NODO’s
collaboration will democratize the use of prediction markets for
Web2 and Web3 users”.
Foward-Thinking Tokenomics and Go-to-Market
Strategy
NODO has shared its distribution strategy for its upcoming token
launch. The NODO token ecosystem is designed to create a
comprehensive framework for platform growth, community engagement,
and sustainable development. Members contribute to the ecosystem by
driving volume and community growth, which in return grants them
platform governance through ownership of the NODO token. Token
holders are able to elect or even be a part of a dedicated Security
Council that oversees the platform's liquidity pool and maintains
robust security measures. The ecosystem offers a unique no-loss
staking mechanism that allows users to secure their capital while
maintaining the potential for rewards, effectively eliminating the
risk of financial loss while participating in the platform's
growth.
To incentivize early bird adoption,
NODO recently launched a social mining system
that grants its most active users day-one access to the NODO token
as community stakeholders by accumulating “XP Shares” through daily
platform engagement. This unique community program has garnered
notable traction for NODO across key crypto markets including the
US, Nigeria, Kenya, South Africa, Indonesia, Vietnam, and
Russia.
About NODO
NODO is an omnichain social futures
trading ecosystem with over 380,000 users across 14 countries,
blending gamification with instant-payout prediction markets. Users
can forecast real-world events through NODO prediction markets,
while NODO 0DTE Options provide instant payouts for short-term
cryptocurrency price predictions, aggregating multiple AMMs for
capital efficiency and low fees. NODO is building a gamified social
trading ecosystem where users earn daily rewards and achieve
ecosystem governance by contributing to community market
sentiment.
Twitter | LinkedIn | Telegram | Discord
For more information, users can visit nodo.xyz
For any inquiries about this release, users can contact sowmya@nodo.xyz or team.nodo@nodo.xyz
Contact
Co-Founder
Sowmya
Raghavan
Nodo
sowmya@nodo.xyz