teleo-codex/entities/internet-finance/bynomo.md
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rio: extract claims from 2026-04-14-telegram-m3taversal-futairdbot-what-do-you-know-about-bynomo
- 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>
2026-04-15 19:04:24 +00:00

1.4 KiB

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