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OptionRoom Stock

OptionRoom

ROOM

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0.06
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OptionRoom Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateROOM/USDT0.0510.97163.0882,755.750cex567/9/2025, 6:23 AM
Gate.ioROOM/ETH0.010000cex14/8/2025, 6:32 AM
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OptionRoom FAQ

{ "q": "about", "a": "OptionRoom is a governed oracle and forecast protocol developed on the Polkadot platform. Our objective is to establish a scalable protocol with various applications ranging from oracle as a service to limitless event derivatives.\n\nProtocol Features:\n\nOaaS: User-Governed Oracle as a Service: OptionRoom can function as an Oracle as a Service (OaaS), where oracle requests are resolved through governance.\n\nUser-Governed Forecast Market Protocol: OptionRoom enables users to create and participate in event derivatives tied to real-world outcomes through governance consensus.\n\nDual Token Model: OptionRoom operates on a dual token model, with ROOM serving as the utility token and COURT acting as the governance token of the protocol.\n\nGovernance Staking and Authenticity Score: Users can stake their COURT tokens to achieve a higher authenticity score, resulting in increased voting power. Honest participants in governance are rewarded with ROOM, while dishonest participants face penalties.\n\nLP Mining: The governance token, COURT, is obtainable exclusively by providing liquidity or staking the utility token, ROOM.\n\nSelf-Sustainable and Community-Based: Protocol fees support a buyback mechanism, and the founders of OptionRoom do not receive any portion of these fees.\n\nBuilt on Polkadot: The second version of OptionRoom is intended to be constructed on the Polkadot network.\n\nUser Incentives: OptionRoom offers rewards to protocol and governance participants. Creators of pools are incentivized to promote their pools as they receive a share of the pool winnings.\n\nReward Buffer Pool: Surplus fees generated from the protocol are allocated to a reward buffer pool, which is used for protocol rewards, thereby reducing inflation.\n\nMultiple Use Cases: The architecture of OptionRoom supports various use cases, including Oracle as a Service (OaaS), limitless prediction markets, decentralized polls, dispute resolution, decentralized surveys, and curated lists.\n\nFor more information, please visit our page on Eulerpool.", "rank": "0" }

OptionRoom is a cryptocurrency project that presents a decentralized oracle and prediction market protocol built on the Polkadot ecosystem. It allows users to create and participate in prediction events, where they can forecast outcomes related to various real-world events. Through its oracle service, OptionRoom offers reliable data feeds and a unique governance mechanism that enables the community to vote on the validity of event outcomes. For further information about this cryptocurrency, including its market metrics and performance data, you can find comprehensive details on Eulerpool.

OptionRoom is a comprehensive platform that combines the functionalities of a trading platform with the innovative features of a governed oracle and forecast protocol, primarily developed on the Polkadot network. This platform sets itself apart by offering a wide array of services, including trading rewards, staking opportunities, a gaming marketplace, and an affiliate program. Additionally, it features a distinct voting mechanism that facilitates community-driven decisions. Central to its operations, OptionRoom functions as an Oracle as a Service (OaaS). Here, oracle requests are resolved through governance, enabling users to query and receive reliable data for various applications. This user-governed forecast market protocol allows participants to create and engage in event derivatives tied to real-world outcomes, determined by governance consensus. OptionRoom utilizes a dual token model: ROOM tokens serve as the utility token, facilitating transactions and interactions within the ecosystem, while COURT tokens function as the governance token, granting holders voting power and influence over the protocol's direction. The governance model encourages active participation, rewarding genuine contributions with ROOM tokens and penalizing dishonest behavior. The protocol emphasizes community involvement and sustainability, with protocol fees driving a buyback mechanism, and no portion of these fees allocated to the founders. This self-sustaining model is reinforced by governance staking, authenticity scores for enhanced voting power, and LP mining, where COURT tokens can be earned through liquidity provision or staking ROOM tokens. OptionRoom's architecture accommodates a broad spectrum of use cases, including oracle services, prediction markets, decentralized polls, dispute resolution, and curated lists, among others. The platform aims to evolve by transitioning to OptionRoom v2 on Polkadot, enhancing scalability and interoperability. Incentives are crucial in the ecosystem, with pool creators receiving a portion of the winnings to motivate the promotion of their pools. Furthermore, a reward buffer pool collects excess fees to be used as protocol rewards, mitigating inflation. Before engaging with or investing in cryptocurrencies and platforms like OptionRoom, individuals should conduct thorough research to understand the risks and intricacies involved.

How is OptionRoom secured?

OptionRoom is committed to the security of its platform and the protection of users' assets through a comprehensive strategy. This strategy is anchored in the encryption of personal information to thwart unauthorized access to user data. Complementary to this is a robust internal management framework that delineates procedures and responsibilities for upholding the integrity and confidentiality of information. Access control mechanisms are in place to ensure that only authorized individuals can access sensitive data, providing an additional safeguard against potential breaches. To mitigate the risk of hacking, OptionRoom employs a range of countermeasures designed to detect and prevent malicious activities. These include regular security audits and monitoring systems capable of identifying suspicious behavior in real-time. Additionally, steps are taken to prevent the forgery or alteration of access records, ensuring that any unauthorized attempts to modify data are swiftly detected and addressed. In addition to technical measures, OptionRoom strengthens security through partnerships with reputable exchanges. These collaborations aim to enhance the overall protection of users' cryptocurrency assets by offering an additional layer of security and oversight. By working closely with trusted exchanges, OptionRoom ensures that its platform adheres to the highest standards of security and reliability. As a governed oracle and forecast protocol built on Polkadot, OptionRoom offers a variety of features aimed at creating a scalable, user-governed service. These features range from Oracle as a Service (OaaS) to event derivatives tied to real-world outcomes, with a focus on governance consensus and user participation. The dual token model, governance staking, and reward mechanisms further incentivize honest participation and contribute to the platform's sustainability. It is imperative for users to conduct their own research and understand the risks associated with investing in cryptocurrencies. While OptionRoom implements comprehensive measures to secure the platform and protect users' assets, the dynamic nature of the crypto market necessitates vigilance and informed decision-making.

What is the intended use of OptionRoom?

OptionRoom is a versatile platform within the cryptocurrency and blockchain ecosystem, providing a variety of services that utilize its governed oracle and forecast protocol. This platform is engineered to meet diverse needs, from oracle services to event derivatives, all underpinned by the robust Polkadot network. Here’s an overview of how OptionRoom can be leveraged: 1. **Oracle as a Service (OaaS):** OptionRoom operates as a user-governed Oracle as a Service. It offers reliable, decentralized oracle services where oracle requests are resolved through community governance. This is particularly beneficial for projects that need external data to trigger smart contracts or those seeking to integrate real-world information in a trustless manner. 2. **Forecast Markets:** Users can create and participate in forecast markets related to real-world events. These markets function based on governance consensus, allowing for a decentralized and democratic way of predicting future outcomes. 3. **Governance and Staking:** The platform uses a dual token model, with ROOM as its utility token and COURT as its governance token. Users can stake COURT tokens to engage in governance, earning an authenticity score that enhances their voting power. This framework ensures governance is equitable and favors honest participants, who are rewarded for their integrity. 4. **Liquidity Provision and Mining:** COURT tokens, essential for governance, can be acquired by providing liquidity or staking ROOM tokens. This system encourages users to support the platform's liquidity while enabling their participation in governance. 5. **Community-Driven and Self-Sustainable:** OptionRoom is built to be self-sustaining, with protocol fees supporting a buyback mechanism. This ensures the platform can operate without founders taking a share of the fees, highlighting its community-driven focus. 6. **Incentives for Participation:** The platform rewards users who engage with its protocol and governance. For instance, pool creators receive a share of the winnings, motivating the promotion and establishment of new pools. 7. **Diverse Use Cases:** Beyond oracle services and forecast markets, OptionRoom caters to a wide range of applications, including decentralized polls, dispute resolution, decentralized surveys, and curated lists. This adaptability makes it a valuable resource for various decentralized applications and services aiming to incorporate community governance and prediction mechanisms. In conclusion, OptionRoom provides a comprehensive suite of services for decentralized oracle requests, forecast markets, and community governance, supported by a robust incentive system and developed on the Polkadot network. Its infrastructure not only accommodates a broad spectrum of blockchain-based applications but also fosters a community-driven approach to governance and service delivery.

What significant events have occurred for OptionRoom?

OptionRoom has undergone several significant developments that underscore its expanding ecosystem and utility within the cryptocurrency sector. These developments encompass trading activities and exclusive opportunities for token holders, illustrating the project's dynamic nature. There have been notable trading activities characterized by variations in daily and weekly volumes. These fluctuations serve as crucial indicators of the project's liquidity and investor interest. Moreover, performance metrics such as the top weekly profit and loss (PNL) and return on investment (ROI) have been vital in assessing the financial health and growth potential of OptionRoom. Token holders, particularly those with an affinity for sports, have been offered exclusive VIP experiences. These experiences include opportunities for fan token holders of renowned football clubs to witness their teams' major victories, such as becoming Brazilian champions. These events not only enhance the value proposition of holding the project's tokens but also cultivate a sense of community among investors and fans. From a technical perspective, OptionRoom sets itself apart with a comprehensive suite of features designed to expand its use cases and boost user engagement. It functions as a governed oracle and forecast protocol, offering services like Oracle as a Service (OaaS), where oracle requests are resolved through governance. This approach guarantees that the protocol remains user-governed and decentralized. The project employs a dual token model, utilizing ROOM and COURT tokens for utility and governance purposes, respectively. This model promotes active participation in the protocol's governance through staking and voting, rewarding honest behavior while penalizing dishonesty. Additionally, OptionRoom incentivizes liquidity provision and staking through LP mining, where the governance token COURT is obtained. This mechanism, together with a self-sustaining model driven by protocol fees, aims to curtail inflation and ensure the protocol's durability. Looking forward, the anticipated migration to Polkadot for OptionRoom v2 promises improved scalability and interoperability, potentially paving the way for new growth opportunities and applications of the protocol. In summary, OptionRoom has distinguished its journey with significant trading activities, unique token holder experiences, and a robust feature set aimed at promoting a decentralized, user-governed ecosystem. As with any cryptocurrency investment, prospective participants should conduct thorough research to comprehend the risks and opportunities associated with OptionRoom.

Investors interested in OptionRoom are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.