Limitless Raise $4m Strategic Funding, Launch Points Ahead of TGE
The funding follows a prior $3M pre-seed round led by 1confirmation, and comes after the team found breakout demand for short term prices markets on assets like BTC, which are similar in nature to 0DTE options but a much easier way to trade and feature even shorter dated expiries such as hourly, racking up over $250M in volume soon after launch.
This brings Limitless' total funding raised to $7M, backed by Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures, as well as individual investors via the Base Ecosystem Fund group on Echo.
In preparation for an upcoming TGE, the team today launched a points program targeted at prediction market enthusiasts who can get skin in the game by using the product, providing liquidity, and referring their friends to join the platform.
Limitless seems likely to become the first major prediction market platform to launch a token and distribute an airdrop to its early customers, marking a notable opportunity for retail traders.
The team also just introduced a new mobile-first trading experience that enables people around the world to seamlessly wager on their favorite assets' performance in the next hour or day.
'The future of trading is easy, fast, and powered by an army of token holders. We're excited to bring this vision to reality,' said CJ Hetherington, CEO at Limitless Labs.
Limitless is the largest prediction market on Base with over $250M bet on unique contracts that allow users to wager on the performance of their favorite assets in the next minutes, hour or day - a net new, easy way to trade for casual users.
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