05d69b86e1
Some checks are pending
Mirror PR to Forgejo / mirror (pull_request) Waiting to run
- Source: inbox/queue/2026-04-14-telegram-m3taversal-futairdbot-what-do-you-know-about-bynomo.md - Domain: internet-finance - Claims: 0, Entities: 1 - Enrichments: 2 - Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5) Pentagon-Agent: Rio <PIPELINE>
38 lines
No EOL
1.4 KiB
Markdown
38 lines
No EOL
1.4 KiB
Markdown
# 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 |