Logic. Always learning. Shadowy Super-Coder. Avoiding search engine confirmation bias since 2003. You'd never guess my main. No really because I deleted it.
Pfiou, what a day.
Well, Runbot officially supports Parimutuel Option markets from @ODDSFi .
A whole new way to backtest & dominate a new market (with lot of inefficiencies if you want Intern's opinion).
Backtesting is now live.
📍Select Parimutuel in-app and learn more about it here: https://t.co/OjyWB5zNY5
Today, Hxro Network evolves into ODDSFi, ushering in a bold new era for betting, trading, and prediction markets with a mission to redefine our interaction with probabilities and uncertainty.
🧵👇
We are pleased to announce that the prolonged overhang of the FTX Estate on the Hxro Network and HXRO token market has finally come to an end after two years of uncertainty. A network-aligned contributor has secured all remaining HXRO tokens that were tied to the FTX Estate liquidation, marking a significant resolution for the HXRO community.
Background:
Approximately 114M HXRO tokens were held on the FTX International exchange by various token holders and market participants prior to FTX’s collapse. Of these, it was discovered that approximately 31M HXRO tokens were removed by FTX/Alameda from the Ethereum side of the Sollet bridge and sold into the market prior to the exchange’s collapse.
On April 1st, 2024, the remaining 83.4M HXRO tokens were acquired by a liquidation fund, which purchased a portfolio of 42 illiquid tokens from the FTX Estate for a fraction of their value. The liquidation fund's actions, on top of other motivated sellers related to the FTX bankruptcy, further pressured the illiquid Hxro token market. This situation created challenges for the network and its stakeholders.
Resolution:
On Monday, December 9th, after months of negotiations, a buyer and long term contributor from the HXRO community acquired the remaining HXRO tokens from the liquidation fund. The tokens have since been moved out of the liquidation fund’s wallet, signaling the conclusion of this overhang.
The buyer, a long-term supporter of HXRO and its mission in the iGaming sector, expressed extreme confidence in the project’s vision and future. This acquisition marks a major turning point, offering much-needed clarity and stability to the HXRO Network and its ecosystem.
This announcement is just the beginning of a series of positive developments that will define HXRO’s trajectory and establish its long-term future. Stay tuned for more updates as the project takes its next critical steps forward.
📈 GAME ON 📉
Hi, we’re Iconic Markets!
Simple, secure, on-chain trading games, powered by @HxroNetwork.
MoonRekt, Iconic’s flagship trading game, goes live on December 5th.
Get ready, icon.
Start registering now at https://t.co/ftmhBtVOqQ
E Pluribus Trade’em🫡
Welcoming @iconicmarkets to the Hxro Network ecosystem! 🤝
Simple, secure trading games leveraging the power of the Networks parimutuel protocol.
Bringing back #MoonRekt and going live publicly December 5th. 🔥
https://t.co/Wm9NoPDuS8
✖️✖️