Strategic funding of $4 million secured by Limitless, enabling the imminent launch of their platform prior to Token Generation Event.
**Limitless Announces $4 Million Funding Round and Upcoming Token Launch**
In a recent press release, Limitless.exchange, the largest prediction market platform on Base, announced a strategic funding round of $4 million, bringing its total funding to $7 million. This round was backed by several prominent investors, including Coinbase Ventures, 1confirmation, Maelstrom (Arthur Hayes' family office), Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, WAGMI Ventures, and individual investors via the Base Ecosystem Fund group on Echo.
Arthur Hayes, a well-known figure in the crypto world, has also joined Limitless as an advisor alongside Maelstrom's participation as an investor in the funding round. Since its launch, Limitless has seen over $250 million in volume traded on its platform, offering unique prediction contracts that allow users to wager on short-term price movements of assets like Bitcoin, with highly granular expiries including hourly and even minutes-based options.
The platform is now preparing for a token generation event (TGE) and has launched a points program to reward active users who engage with the platform by trading, providing liquidity, and referring others. The team plans to distribute tokens via an airdrop to early users, positioning itself as one of the first major prediction markets on Base to do so.
Limitless aims to make trading "easy, fast, and powered by an army of token holders," underlining the platform’s focus on accessibility and community participation. The new funding will be used to further develop the platform, improve the user experience, and expand its offerings.
With its mobile-first trading experience, Limitless is revolutionising the way casual users can participate in prediction markets. Users can now trade in a net new, easy way, wagering on their favourite assets' performance in the next hour or day. The team behind Limitless is based at Limitless Labs, and contact information can be found at [email protected].
As Limitless continues to grow, it is likely to become a significant player in the on-chain prediction market space on Base. However, it remains to be seen whether it will indeed be the first major prediction market platform to launch a token and distribute an airdrop to its early customers.
- Limitless.exchange, a prediction market platform on Base, received a strategic funding round of $4 million, boosting its total funding to $7 million, with investors like Coinbase Ventures and Arthur Hayes' family office, Maelstrom, involved.
- The platform offers unique prediction contracts for assets such as Bitcoin, with options for highly granular expiries like hourly and minutes-based ones, having facilitated over $250 million in volume traded since its launch.
- As part of its growth strategy, Limitless is preparing for a token generation event (TGE) and has initiated a points program to reward active users by trading, providing liquidity, and referring others. The team also plans to distribute tokens via an airdrop to early users.
- With a mobile-first trading experience, Limitless aims to make trading accessible and community-driven, potentially becoming a key player in the on-chain prediction market space on Base, while also exploring the potential of being the first major platform to launch a token and distribute an airdrop to its customers.
