Thales
Onchain Tooling
Description
Thales stands out in blockchain markets with its Parimutuel Markets, focusing on crypto asset price movements. Its governance token, $THALES, is used for protocol governance and DAO elections. Governance is decentralized, involving various DAOs and THALES token stakers. Thales raised $2.5 million from Framework Ventures and Apollo Capital, underlining its strategic growth and market potential.
Value Proposition
What makes Thales unique is the ability to offer Parimutuel Markets on the blockchain. In Parimutuel Markets, collateral is placed in a single shared pool, and that pool is awarded to winning participants after a market-settling event has occurred. A Market-settling event can be one of the two mutually exclusive outcomes, or it can be one of many mutually exclusive outcomes. The Parimutuel format is great for creating markets that focus on the price movement of crypto assets.
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