Limitless, a buying and selling prediction market constructed on Base, raised $4 million in a spherical led by Coinbase Ventures.
Limitless, a value prediction platform on Base (BASE), is attracting consideration as a result of its excessive consumer curiosity. On Tuesday, June 1, the protocol raised a further $4 million in funding in a funding spherical led by Coinbase Ventures. This newest spherical brings Limitless’ whole funding to $7 million.
1confirmation, Collider, Node Capital, and Paper Ventures have been among the many different buyers. On the identical time, Maelstrom, which is Arthur Hayes’ household workplace, additionally joined the funding spherical, whereas Hayes joined as an advisor to the agency.
The agency has raised the capital in anticipation of its token era occasion. On the identical time, it has unveiled a factors program focused at its most energetic customers. Customers can earn factors through the use of its providers, offering liquidity, and referring different customers to the platform.
In an effort to spice up engagement, Limitless will distribute the tokens to probably the most energetic customers by means of an airdrop occasion.
Limitless achieves over $250 million in quantity
The investor curiosity got here partially as a result of vital engagement with the Limitless platform. Thus far, buyers have made $250 million in bets on the platform. A part of the explanation for this, in line with Limitless, is the give attention to ease of use and consumer expertise. For that reason, Limitless additionally launched a brand new mobile-first buying and selling expertise.
“The way forward for buying and selling is straightforward, quick, and powered by a military of token holders. We’re excited to convey this imaginative and prescient to actuality,” stated CJ Hetherington, CEO at Limitless Labs.
Limitless is a prediction market, enabling customers to guess on short-term value actions in crypto. This contains bets on costs in minutes, hours, or days. Based on the agency, this creates a brand new, user-friendly solution to commerce within the crypto market.
