Binary Options RΞ-IMAGINΞD model

Bid! Bid! Bid!
  • Bidding phase was too volatile and had no incentive for early bidders
  • The supply of options on a specific market was capped after the bidding phase
  • The trading phase had no UI support for the actual trading

No more bidding phase

What do you think of the bidding phase, Jack?
  • Lose the bidding phase and start the trading phase as soon as the market is created
  • Have an unlimited supply of options per market

All eyes on trading phase

  • To create a limit order you sign a message proving you have ownership of the wallet submitting the order. This is gasless.
  • Alongside the quantity and price of your order, you also need to define how long your order will be valid. In our case, the maximum valid time for an order is until the end of the trading phase
  • You can cancel your order at any time. This operation requires gas.

Market creator perspective

Experienced market makers be like…

Liquidity provider perspective

Your brain facing Thales order book.

Trader and holder perspective

The man, the inspiration, galaxy brain.

Thales UX

And looking slicker every day…

What’s next?

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Thales is an Ethereum protocol that allows the creation of novel on-chain, permissionless, and non-custodial Parimutuel Markets.

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Thales

Thales

Thales is an Ethereum protocol that allows the creation of novel on-chain, permissionless, and non-custodial Parimutuel Markets.

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