Option Room Review and Usecases
One of the highly anticipated projects built on the Polkadot ecosystem, Option room launches on February 5th, 2021, and public sale is conducted on Bounce and Polkastarter platform. Let me have an in-depth review of the project.
Option room has dual tokens, Room which is a complete utility token and Court is a Governance Token. Governance tokens can only be obtained by providing liquidity to their utility token Room. The dual token model serves a purpose as only the most involved investors are the only individuals who can obtain Court tokens. Further, it won't dilute the Governance ecosystem with dishonest investors. It is an OAAS ( Oracle as a service) Protocol where oracle requests are only solved by governance consensus. If the requests are not solved, the request process starts afresh.
Any individual can create pools and predict real-world outcomes by creating pools. Pool creators earn a certain amount of pool share which encourages any investor to create pools on the option room platform. It's a feature that impressed me utmost.
Investors involved in Honest Governance will be rewarded with a utility token Room, while the dishonest governance will be punished. It seems like a circular model where everything is interconnected.
Option room is backed by highly reputational investors like Spark digital capital, NGC Ventures, and so on. The team is at best with their work and sticks to promises every time. I am really excited to see the success of the option room.