Thales platform expands to BNBChain

Positional markets for BTC, ETH, BNB, and CAKE have been deployed

Thales continues expanding its offering

What is Thales and how does it work?

What novelty does Thales bring to BNChain?

  1. Thales platform requires no registration. One web3 wallet is your passport to novel on-chain derivatives, you just need BUSD (as collateral) and some BNB (for transaction fees) and you are ready to go.
  2. The results for the settlement of markets are provided by Chainlink. Having an integration with the industry-leader in decentralized data feeds means one thing: Market results you can trust.
  3. When you buy positional tokens (UP or DOWN) there are no liquidations involved, you can only lose what you risk on each market and no more.
  4. You can sell back a positional token to the AMM and exit your position at any time up until 24 hours from the market target date, provided there is liquidity in the market. Basically, there’s a possibility for early exits or profit-taking.
  5. Thales DAO has an amazing community very involved in decentralized governance practices, with engaged members and very smart individuals which help iterate and improve the protocol and platform(s) every day. Resilience is the name of the game.

What crypto assets will be supported with positional markets on BNBChain?

How to interact with Thales dapp?

How to interact with Thales AMM in UP or DOWN markets

So, where can I participate in these novel markets on BNBChain?

Easy peasy.

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Thales

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