Thales is a unique DeFi protocol that introduces the concept of parimutuel market to the crypto industry. Apart from DeFi tools, the platform also offers a few games such as Thales Royale. The protocol is on Ethereum, Optimism, and Polygon.
Being a parimutuel market means that all users of Thales place their deposits into the same pool and the rewards are only decided after the market-settling events. The platform offers two types of markets: positional market and ranged market. In the former, users place their bets, which says the price of a certain token goes up or down at a specified time in the future. In the latter, the users place their bets on whether the price of a certain digital asset will fall inside or outside of a particul ar price range at a specified time in the future.
The main token used as collateral to participate in these markets is the sUSD stablecoin from Synthetix. Other popular stablecoins such as USDC, USDT, DAI, and BUSD are also supported.
The total supply of THALES tokens is 100,000,000. The circulating supply of THALES is 35,018,846.
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