Thales (THALES)

From CryptoWiki

Thales is a decentralized binary options protocol that a group of Synthetix community members spun out from Synthetix in 2020.

Basics

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Key

DAO

Treasury

Token

Launch

Token Allocation

"THALES token will have a total supply of 100,000,000 (100 million) and will be distributed as follows:

  1. 35% to SNX stakers, divided as follows: 2% Retro airdrop to anyone who ever staked SNX, 15% Retro pro-rata rewards, 18% Ongoing rewards
  2. 30% Growth fund, divided as follows: 9% Strategic round, 2% Crowdpooling event 18% Thales DAO treasury, 1% THALES/ETH LP rewards
  3. 20% Thales Core Contributors
  4. 15% THALES staking rewards"

Utility

"Thales DAO token will be used to govern the Thales protocol. Any further utility is to be decided and voted on by Thales DAO token holders or their chosen representatives, the Thales Council."

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

Implementations

How it works

"If held until expiry, binary options have only two payoff possibilities: a predetermined amount of profit or nothing at all. Thales relies on Synthetix’s sUSD stablecoin for 1) minting its binary options tokens, and 2) as the platform’s unit of account."

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

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