# Bynomo

**Type:** Protocol  
**Domain:** internet-finance  
**Status:** Active (failed fundraise)  
**Description:** Binary options trading dapp using Pyth oracle feeds for on-chain settlement

## Overview

Bynomo is a crypto-native binary options trading platform, positioning itself as a decentralized alternative to platforms like Binomo and IQ Option. The protocol uses Pyth oracle price feeds instead of centralized dealer pricing, with on-chain settlement.

## Product

- **Trading rounds:** 5 seconds to 1 minute duration
- **Asset coverage:** Crypto, stocks, forex, commodities
- **Settlement:** On-chain via Pyth oracles
- **Deployment:** Claims deployment on 8 chains

## Traction (as of April 2026)

- ~12,500 bets settled
- ~250 SOL in volume
- ~76 unique wallets

## Fundraising

Attempted fundraise on futard.io in April 2026:
- **Target:** $50,000
- **Committed:** $16,000 (32% of target)
- **Outcome:** Failed to reach target, signaling market skepticism

## Analysis

The product represents an incremental improvement over web2 binary options platforms through oracle-based price feeds, eliminating house control of pricing. However, the failed fundraise suggests the market was unconvinced about either the team's execution capability or the product-market fit for gamified trading with a DeFi wrapper.

## Timeline

- **2026-04** — Launched fundraise on futard.io, raised $16k against $50k target