Opinion Labs Unveils the Monad Testnet Featuring No Gas Fees for MON Token and a Limited-Time Free Trial
In Brief
Opinion Labs has officially introduced the Monad testnet, where users can take advantage of zero gas fees for the MON token and enjoy a temporary free trial of 100 USDO.
The innovator behind blockchain-driven prediction markets, Opinion Labs has declared the launch of the Monad testnet. This platform stands out as the first prediction market that accommodates both stablecoins and liquid staking tokens (LSTs). As a welcome gesture to early users, it presents zero gas fees for the MON token alongside a limited-time free trial of 100 USDO.
To get on board, users should create an account, link their crypto wallets for setup, deposit funds, and kick off their trading activities. The market interface offers an order book showcasing pending orders. Here, red numbers symbolize asks, while bids are represented in green. Additionally, users will see the predicted outcome for the market alongside a probability percentage that indicates how likely that outcome is based on current predictions, and the price at which they can buy a share in that outcome. Once the final result is disclosed, shares of the accurate outcome are valued at $1, whereas incorrect outcomes hold $0.
This platform also incorporates the O.LAB points system, which monitors user activity, social interactions, transactions, and contributions to the community's growth. Users can accumulate points by engaging in social activities or completing trading tasks.
Opinion Labs: Working Towards Making Trading Accessible by Offering a Unified Liquidity Platform
Opinion Labs aims to level the playing field in global trading by eliminating barriers between different markets and providing a seamlessly integrated platform characterized by unified liquidity. This enables anyone to formulate predictions using any token, functioning in a decentralized manner without permission. It empowers users to make predictions, partake in trading, and verify results.
Just like Uniswap revolutionized token swapping and automated market makers (AMMs), Opinion Protocol is here to offer a scalable, permissionless solution tailored for prediction markets. It streamlines market creation processes, enhances price discovery, and serves as an effortless entry point for decentralized applications (Dapps) to get involved.
The unveiling of the testnet comes on the heels of a successful funding round, where Opinion Labs secured a $5 million seed investment, spearheaded by YZi Labs, with additional contributions from Echo, Animoca Ventures, Manifold, Amber Group, and other esteemed investors.
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