Opinion Labs Launches Monad Testnet With 0 Gas Fee For MON Token And Limited-Time Free Trial
In Brief
Opinion Labs has announced the launch of the Monad testnet, offering zero gas fees for the MON token and a limited-time free trial of 100 USDO.
Developer of blockchain-based prediction markets, Opinion Labs announced the launch of the Monad testnet. This platform is the first prediction market to support both stablecoins and liquid staking tokens (LSTs). As an incentive for early users, the platform offers a zero gas fee for the MON token and a limited-time free trial of 100 USDO.
In order to get started, users are encouraged to register an account, connect their cryptocurrency wallets to complete the setup process, add funds, and begin trading. On the market page, users will find an order book where they can view orders that have not been filled yet. Red numbers represent asks, while green numbers represent bids. Additionally, users will see the predicted result for the market, the probability percentage that reflects the likelihood of that outcome based on current user predictions, and the price to buy a share in that outcome. When the final result is revealed, the correct outcome is worth $1 per share, and the incorrect outcome is worth $0.
The platform also includes the O.LAB points system, which tracks user participation, social interactions, transactions, and contributions to community development. Users can earn points by engaging in social tasks or completing trading-related activities.
Opinion Labs: Democratizing Trading By Providing Seamlessly Integrated Platform With Unified Liquidity
Opinion Labs aims to democratize global trading by removing cross-market frictions and offering a seamlessly integrated platform with unified liquidity. The platform allows anyone to create predictions using any token, operating in a decentralized and permissionless manner. It empowers users to make predictions, engage in trading, and verify outcomes.
Similar to how Uniswap transformed token swapping and automated market makers (AMMs), Opinion Protocol introduces a scalable and permissionless solution for prediction markets. It simplifies the process of creating markets, improves price discovery, and provides an easy entry point for decentralized applications (Dapps) to integrate and participate.
The launch of the testnet follows a recent fundraising effort in which Opinion Labs successfully closed a $5M seed round, led by YZi Labs, with additional participation from Echo, Animoca Ventures, Manifold, Amber Group, and other investors.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
