Limitless.exchange, the on-chain prediction platform on Base, has just completed a strategic fundraising round worth 4 million USD, raising the total investment to 7 million USD with the participation of many major investors and industry experts.
MAIN CONTENT
Limitless.exchange successfully raised 4 million USD in a strategic funding round.
Arthur Hayes joins as an advisor, along with the Maelstrom investment family.
Limitless becomes the largest on-chain prediction platform on Base with over 250 million USD in bet value.
How much funding has Limitless.exchange raised and which investors participated?
Limitless.exchange has just announced the completion of a strategic fundraising round of 4 million USD, bringing the total accumulated investment to 7 million USD. Investors include Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, WAGMI Ventures, along with individual groups through the Base Ecosystem Fund on Echo.
Board member Arthur Hayes also participates as an advisor, while his family company Maelstrom contributes strategic investment.
"Arthur Hayes's joining will bring significant value to Limitless.exchange, helping to develop products suitable for the rapidly growing cryptocurrency market."
Information from a representative of Limitless.exchange, July 2024.
What is Limitless.exchange and what is its current scale of operation?
Limitless.exchange is the leading on-chain prediction market platform on Base. Users can bet on the price performance of their preferred assets over periods ranging from a few minutes to a day, creating a unique prediction trading ecosystem.
Currently, Limitless is managing a total betting volume of over 250 million USD for exclusive prediction contracts, becoming the largest prediction market in the Base ecosystem.
The significance of having a large betting volume on the prediction platform.
A large betting volume reflects the community's high level of trust and participation, while also proving liquidity and market appeal. This is also an advantage that helps Limitless build credibility and expand strategic partnerships in the cryptocurrency field.
What role do strategic investors play in the development of Limitless?
Strategic investors such as Coinbase Ventures, 1confirmation, and many other renowned funds not only bring capital but also provide management experience, technical support networks, and communication to accelerate the improvement and application of the platform.
Arthur Hayes's advisory role helps connect Limitless with advanced trading trends and in-depth development strategies from the global cryptocurrency market.
"Support from leading investment funds and experienced experts is a key driver for Limitless to become a leading prediction platform, enhancing user experience and improving transaction safety."
Nguyen Hoang Ha, CEO of Limitless.exchange, stated in July 2024.
What are the outstanding features and growth potential of Limitless on Base?
Limitless.exchange creates a transparent prediction market, using Base technology to optimize gas fees and ensure fast transaction confirmations. The platform offers a variety of prediction contracts, allowing users to bet flexibly based on short-term price fluctuations of digital assets.
The expansion potential of Limitless lies in enhancing interactive features, integrating Cross-Chain multi-chain capabilities, and developing DeFi products to attract more investors and users in the global market.
Frequently asked questions
How much has Limitless.exchange raised? A total of 7 million USD, including 4 million USD from the latest strategic round. Who is the prominent advisor in this project? Arthur Hayes, founder of the family company Maelstrom, serves as a strategic advisor. What makes Limitless.exchange special compared to other prediction platforms? The largest on-chain prediction platform on Base with over 250 million USD in bet value and fast transaction speed. How do major investors support the project? They provide capital, expertise, partnership networks, and technology to develop products more effectively. Does Limitless.exchange have any expansion plans for the future? Aiming for multi-chain integration, diverse prediction contracts, and developing new DeFi products.
Source: https://tintucbitcoin.com/limitless-exchange-goi-von-4-trieu-usd/
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