Investment of $4 million in strategic funding enables Limitless to initiate launch of Points prior to Token Generation Event
In a significant move, Limitless.exchange, the largest prediction market platform on the Base blockchain, has successfully secured a total of $7 million in funding through two rounds. The platform initially raised a $3 million pre-seed round led by 1confirmation, followed by a strategic funding round of $4 million that brought in investments from Coinbase Ventures, Maelstrom (associated with Arthur Hayes), Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures, among others.
Since its launch, Limitless has seen significant traction due to strong demand for short-term price markets on assets like Bitcoin (BTC). These markets, which resemble 0DTE (zero days to expiration) options but are easier to trade and feature shorter expiry times, have enabled fast-paced, high-frequency trading. As a result, the platform has amassed more than $250 million in trading volume on its unique contracts, which allow users to wager on asset performance over minutes, hours, or days.
In preparation for an upcoming Token Generation Event (TGE), Limitless has launched a points program for prediction market enthusiasts, incentivizing product usage, liquidity provision, and user referrals.
To further enhance user experience, Limitless has introduced a mobile-first trading experience designed to provide a seamless and accessible way for users worldwide to engage in prediction market trading. This streamlined interface allows users to easily wager on the performance of their favourite assets with short-term expiry targets, emphasizing simplicity, speed, and ease of use for casual traders.
The CEO of Limitless Labs, CJ Hetherington, described this as part of a vision where trading is "easy, fast, and powered by an army of token holders," indicating a community-driven approach backed by their token ecosystem.
With this strategic funding, innovative mobile-first trading platform, and the upcoming token launch, Limitless.exchange is poised to transform retail prediction market trading. The platform's focus on short-term expiry prediction markets and its commitment to simplicity and accessibility make it an exciting player in the prediction market scene.
References: [1] Limitless.exchange Press Release, [Link] [2] Limitless.exchange Medium Post, [Link] [3] Cointelegraph Article, [Link] [4] Decrypt Article, [Link]
- The strategic investment of $4 million from Coinbase Ventures, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures, among others, has bolstered Limitless.exchange's focus on cryptocurrency investments, furthering the adoption of blockchain technology in finance.
- With its innovative mobile-first trading platform, Limitless.exchange aims to revolutionize the prediction market scene by making crypto regulations, short-term price markets on assets like Bitcoin, and investing a simplified and accessible experience for retail traders.
- As Limitless.exchange gears up for its Token Generation Event (TGE), it introduces a points program to engage prediction market enthusiasts, encouraging activities like product usage, liquidity provision, and user referrals, all powered by their crypto token ecosystem.
