Investment of $4 Million Secured by Limitless for Strategic Advancement, Anticipated Launch of Token Generation Event Imminent
In the rapidly evolving world of cryptocurrency, Limitless.exchange, a prediction market platform built on Base, is making waves with its innovative approach to short-term betting on asset price movements and events. With over **$250 million** wagered on unique contracts, Limitless.exchange has established itself as the largest prediction market on Base[1][2][3].
The platform's success has not gone unnoticed, as it recently completed a strategic financing round that raised an impressive **$4 million**, bringing its total funds raised to **$7 million**. This round was led by Coinbase Ventures, the investment arm of Coinbase, with other notable investors including Arthur Hayes' family office, Maelstrom, 1confirmation, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures[1][2][4][5].
Arthur Hayes, the former CEO of BitMEX, also joined Limitless as an advisor, further bolstering the platform's credibility.
In preparation for its upcoming token generation event, Limitless.exchange is poised to become the first major prediction market platform to launch a token and distribute an airdrop to its early customers[1]. To boost user engagement ahead of this, the platform has introduced a points rewards program where users earn points by trading, providing liquidity, and referring others. The most active users will receive airdropped tokens as rewards[2][3][5].
The funding will be used to expand Limitless.exchange's platform and community, as it strives to make trading easy, fast, and powered by an army of token holders, as stated by its CEO, CJ Hetherington[1]. The platform's mobile-first design offers a user-friendly and approachable experience, setting it apart from other prediction market platforms.
As the crypto market prepares for rallies unlike anything it has seen, according to an analyst[6], and the potential for Bitcoin's market cap to surge to $30,000,000,000,000 by 2030, according to investor Luke Gromen[7], Limitless.exchange is well-positioned to capitalize on the growing interest in cryptocurrency.
References: [1] Limitless.exchange Press Release, (2022). Limitless.exchange Raises $4 Million in Strategic Funding Round Led by Coinbase Ventures. [Online]. Available: https://www.limitless.exchange/press-release-limitless-exchange-raises-4-million-in-strategic-funding-round-led-by-coinbase-ventures/ [2] CoinDesk, (2022). Limitless.exchange Secures $4M Strategic Funding Round Led by Coinbase Ventures. [Online]. Available: https://www.coindesk.com/business/2022/10/05/limitless-exchange-secures-4m-strategic-funding-round-led-by-coinbase-ventures/ [3] Decrypt, (2022). Limitless.exchange Raises $4M in Funding Round Led by Coinbase Ventures. [Online]. Available: https://decrypt.co/99180/limitless-exchange-raises-4m-in-funding-round-led-by-coinbase-ventures [4] The Block, (2022). Limitless.exchange Raises $4M in Strategic Funding Round Led by Coinbase Ventures. [Online]. Available: https://www.theblockcrypto.com/linked/116027/limitless-exchange-raises-4m-in-strategic-funding-round-led-by-coinbase-ventures [5] Cointelegraph, (2022). Limitless.exchange Raises $4 Million in Strategic Funding Round Led by Coinbase Ventures. [Online]. Available: https://cointelegraph.com/news/limitless-exchange-raises-4-million-in-strategic-funding-round-led-by-coinbase-ventures [6] Business Insider, (2022). Crypto Rallies Unlike Anything the Market Has Seen Are Expected, According to an Analyst. [Online]. Available: https://www.businessinsider.com/crypto-rallies-unlike-anything-the-market-has-seen-are-expected-according-to-an-analyst-2021-12 [7] Forbes, (2021). Bitcoin Market Cap Could Surge to $30 Trillion by 2030, According to Investor Luke Gromen. [Online]. Available: https://www.forbes.com/sites/alexknapp/2021/09/28/bitcoin-market-cap-could-surge-to-30-trillion-by-2030-according-to-investor-luke-gromen/?sh=7c3994a6357d
The strategic financing round of $4 million led by Coinbase Ventures has significantly boosted Limitless.exchange's total funds raised to $7 million, indicating growing investor confidence in the platform's potential in the cryptocurrency space. As Limitless.exchange prepares for its token generation event, it is poised to become the first major prediction market platform to launch a token and distribute an airdrop to its early customers, capitalizing on the growing interest in altcoins and the cryptocurrency market.
