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OptionRoom

ROOM

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3/24/2023, 11:58:42 AM

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Market

Market stats

Market cap

$693,992.86

Volume (24h)

$16,900.47

Circulating supply

12.5M ROOM

All time high

$4.59

Price change (1h)

+0.42%

Price change (24h)

-5.36%

Price change (7d)

+14,693.63%

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

OptionRoom is on the rise this week.

The price of OptionRoom has risen by 14,693.63% in the past 7 days. The price declined by 5.36% in the last 24 hours. In just the past hour, the price grew by 0.42%. The current price is $0.0557 per ROOM. OptionRoom is 98.79% below the all time high of $4.59.

The current circulating supply is 12,493,373 ROOM.

About

What IsOptionRoom (ROOM)?

OptionRoom (ROOM) is an oracle as a service (OaaS) and a forecast protocol built on Polkadot, where governance solves the oracle requests. The protocol allows users to create and participate in events where governance consensus pegs the derivates of the events with real-world outcomes. Pegging means to control the currency of an asset with the real-world currency of a country. When a user opts for an oracle request, they pay a fee. According to its whitepaper, users are rewarded for solving queries; on the other hand, if a user passes a dishonest solution, the protocol punishes the user by token slashing and score reset. 

The governance uses the OaaS protocol to solve oracle requests. The protocol also has multiple use cases where OptionRoom offers limitless prediction markets, decentralized polls, dispute resolution, decentralized surveys, and curated lists. The team of OptionRoom doesn’t receive any percentage of the protocol fee; instead, the protocol fee gets utilized in the buyback mechanism for self-sustainability. If OptionRoom generates excessive protocol fees, the fees get diverted to a reward buffer pool to be used as protocol rewards reducing inflation. 

The protocol uses a dual token model, i.e., ROOM and COURT. ROOM is the native utility token of the OptionRoom protocol. The users can earn ROOM tokens as rewards from the protocol. The protocol incentivizes the request solvers in the form of ROOM tokens.

COURT is another token of the protocol that acts as a governance token. ROOM holders can earn COURT only by staking ROOM tokens or providing liquidity. The users need to lock COURT tokens for a minimum period of twenty-four hours to earn the ability to vote on oracle requests, market validity, market settlement, and governance proposals. 

History of OptionRoom (ROOM)

The OptionRoom protocol came into existence in September 2020. Marsel Adawi is the CEO of OptionRoom, and Nasser Najjar is the software development team lead. 

The maximum total supply of OptionRoom is one hundred million ROOM. 

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FAQ

What is the current price of OptionRoom?

We update our OptionRoom to USD currency in real-time. Get the live price of OptionRoom on Coinbase.

What is the market cap of OptionRoom?

The current market cap of OptionRoom is $693.99K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of OptionRoom?

The all-time high of OptionRoom is $4.59. This all-time high is highest price paid for OptionRoom since it was launched.

What is the 24 hour trading volume of OptionRoom?

Over the last 24 hours, the trading volume of OptionRoom is $16.90K.

What other assets are similar to OptionRoom?

Assets that have a similar market cap to OptionRoom include HempCoin, Oikos, İstanbul Başakşehir Fan Token, and many others. To see a full list, see our comparable market cap assets.

How many OptionRoom are there?

The current circulating supply of OptionRoom is 12 million.

Can I buy OptionRoom on Coinbase?

No, OptionRoom is not currently available on Coinbase, but you can sign up to get the latest news on OptionRoom and be notified when it gets added to our exchange.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.