OptionRoomROOM
$0.000507
Market/Exchange
ROOM Price Prediction and Price Movement
ROOM has been down 97.12 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that ROOM's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if ROOM is backed by a solid development team and whether ROOM's technology has any potential to grow.
Please note that this analysis is purely base on ROOM's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
OptionRoom Price Chart
About OptionRoom
OptionRoom is a governed oracle and forecast protocol built on Polkadot. Our aim is to create a scalable protocol with multiple use cases: from oracle as a service to limitless event derivates.
Protocol Features:
OaaS: User governed Oracle as a service: OptionRoom has the ability to serve as an OaaS — Oracle as a Service where oracle requests are solved by governance.
User governed forecast market protocol: OptionRoom allows users to create and participate in event derivatives that are pegged to real-world outcomes by governance consensus
Dual token model: Dual token model: ROOM serving as the utility token of OptionRoom and COURT serving as the governance token of the protocol.
Governance staking and authenticity score: Users stake their court for an increasingly higher authenticity score, meaning more voting power. Honest governance participants are rewarded with ROOM while dishonest participants are punished.
LP mining: The governance token COURT can only be obtained by providing liquidity/ staking the utility token ROOM
Self-sustainable and community based: Protocol fees fuel a buyback mechanism. The founders of OptionRoom receive no percentage of the protocol fees.
Built on Polkadot: OptionRoom v2 is planned to be built on Polkadot.
User incentives: OptionRoom rewards protocol and governance participants. Pools creators get rewarded with a percentage of the pool winnings, creating an incentive to promote their pools.
Reward buffer pool: Excessive fees generated from the protocol are diverted to a reward buffer pool to be used as protocol rewards reducing inflation.
Multiple use-cases: OaaS, limitless prediction markets, decentralised polls, dispute resolution, decentralised surveys, curated lists — are some of the use-cases of OptionRoom’s architecture