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Thales is an Ethereum protocol that enables the formation of peer-to-peer parimutuel markets accessible to everyone. This foundational element supports various on-chain projects, such as an AMM-based positional market platform, immersive gamified experiences, and more.
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What is Thales protocol?
Thales is a decentralized protocol that allows users to participate in peer-to-peer Parimutuel Markets on Optimism and Polygon. The smart contracts at the foundation of Thales Market enable users to engage in markets for various crypto assets. Thales protocol continues to innovate by offering community-based games like Thales Royale and more advanced trading products like Ranged Markets.
Traders can participate in custom markets and speculate on real-world events (such as timing "The flippening") in an uncensorable and fully permissionless manner using the Exotic Markets platform. The straightforward nature of parimutuel markets, coupled with nearly infinite possibilities for market making, places Thales at the forefront of crypto fun.
THALES is a standard ERC-20 token used by community members to govern the Thales protocol. It can be acquired and staked to vote on representatives to the Thales Council. Tokens will be distributed as rewards to SNX and THALES stakers, used as funding to grow and maintain the protocol, as well as to compensate Core Contributors.
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