As reported by PANews, prediction market aggregator Rocket has completed a $1.5 million Pre-seed round led by ElectricCapital, with participation from Jsquare, bodhi ventures, Tangent, and Amber group. Rocket is described as the first prediction market to distribute continuous rewards based on the accuracy of judgments, featuring a non-binary betting structure, no liquidation mechanism, and an open upper limit for returns at the protocol level. Users can reuse the same capital across multiple predictions in parallel.
Prediction Market Aggregator Rocket Completes $1.5M Pre-seed Round
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Summary
Prediction market platform Rocket has raised a $1.5 million Pre-seed round led by ElectricCapital, with Jsquare, bodhi ventures, Tangent, and Amber group also participating. The platform allows users to engage in price prediction activities with a non-binary betting model and no liquidation mechanism. Rocket’s system supports parallel betting and offers continuous rewards based on the accuracy of Bitcoin price prediction. The protocol has an open upper limit for returns.
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