Latest news with #1confirmation
Arabian Post
02-07-2025
- Business
- Arabian Post
Limitless Secures $4 Million to Turbocharge Token Launch
Limitless, the leading prediction-market platform on Base, has closed a $4 million strategic funding round to bolster its forthcoming token generation event. The injection, led by Coinbase Ventures and featuring Arthur Hayes's family office Maelstrom, elevates the total capital raised to $7 million. Hayes, co‑founder of BitMEX, also joins as an adviser, lending his market insight just as the platform unveils a new points system designed to reward active users. Limitless has carved a niche by offering ultra-short-term asset price markets—contracts that settle within minutes or hours, akin to zero-day-to-expiry options but without the complexity. These have amassed over $250 million in traded volume since launch. With a user base hungry for fast-paced, accessible trading, the platform is now integrating a points programme capable of rewarding participants for trading activity, liquidity provision, and community referrals ahead of its token rollout. CEO CJ Hetherington frames the initiative as a gateway to democratise crypto markets: 'The future of trading is easy, fast, and powered by an army of token holders. We're excited to bring this vision to reality'. The points programme, expected to support token distribution through an airdrop, is aimed at deepening engagement and rewarding loyal users. ADVERTISEMENT The capital will also underwrite a newly launched mobile-first trading interface optimised for global accessibility. The app provides streamlined navigation and faster execution, catering to both casual novices and experienced traders keen on trading on-the-go. Platform enhancements funded by this round include improved infrastructure, expanded feature sets, and beefed-up user acquisition efforts to cement Limitless's edge in the burgeoning decentralised finance prediction market space. The funding round saw participation from top-tier blockchain investors such as 1confirmation, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, WAGMI Ventures, and the Base Ecosystem Fund via Echo, underscoring strong ecosystem confidence. These backers also supported an earlier $3 million pre‑seed round led by 1confirmation. Limitless plans to become the first major prediction-market protocol to tie its token launch to user engagement, deploying a gamified reward mechanism through its points system to qualify early users for airdrops. This approach reflects broader DeFi trends where platforms align incentives with active, committed participants—creating more sustainable engagement and network vitality. Arthur Hayes's entry as adviser signals strategic depth. His track record at BitMEX suggests he will guide Limitless through nuanced liquidity strategies, regulatory landscapes, and potential volatility management—all pivotal areas for a prediction-market platform targeting rapid growth. Limitless's commitment to innovation is clearly evident. Since launch, it has recorded over $250 million in volume, driven by demand for accessible high‑frequency trading instruments on Bitcoin and other assets. The new funding and points engine prepare Limitless to amplify that momentum, with the token launch slated to reward the platform's most engaged users and cement its position in the DeFi ecosystem. Operationally, this means investing in scalable architecture and user-centred design, while nurturing a community aligned around incentives that both drive platform usage and distribute value equitably. This dual focus on infrastructure and engagement marks a maturing phase for Limitless as it transforms from promising startup to market contender in prediction markets.
Business Insider
01-07-2025
- Business
- Business Insider
Limitless Raise $4m Strategic Funding, Launch Points Ahead of TGE
The largest prediction market on Base, today announces the closure of $4M in fresh funding in a strategic round and welcomes Arthur Hayes as an advisor alongside an investment from his family office, Maelstrom. 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. Contact CEO CJ Hetherington
