Thales

About

Thales is a decentralized finance platform built on the Synthetix ecosystem that offers binary-options style derivatives enabling users to speculate on cryptocurrency and market price movements with yes/no outcomes.

Mission

Thales is a decentralized finance project that offers binary-options style trading built in the Synthetix ecosystem. Its platform enables traders to speculate on price movements of underlying markets or cryptocurrencies with two possible outcomes. The product centers on binary options, a form of derivative where payouts are contingent on a yes/no outcome. According to Cointelegraph, Thales has completed a $2.5 million seed round. The article does not list participating investors, revenue, user metrics, founding year, or location. No further details on product roadmap or use of funds were provided in the article.

Quick Facts