- 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>
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