Limitless Secures $4 Million Funding Ahead of Token Generation Event

Limitless, the largest prediction market on Base, has successfully secured $4 million in strategic funding. This investment comes as the platform prepares for its upcoming Token Generation Event (TGE). The funding round was led by Arthur Hayes, a prominent figure in the cryptocurrency industry, who has joined the team as an advisor. This strategic move is aimed at enhancing the platform's capabilities and expanding its user base ahead of the TGE.

The funding follows a prior $3 million pre-seed round led by 1confirmation, and comes after the team found breakout demand for short-term price markets on assets like BTC, which are similar in nature to 0DTE options but a much easier way to trade and feature even shorter dated expiries such as hourly, racking up over $250 million in volume soon after launch. This brings Limitless’ total funding raised to $7 million, backed by Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures, as well as individual investors via the Base Ecosystem Fund group on Echo.

In preparation for an upcoming TGE, the team today launched a points program targeted at prediction market enthusiasts who can get skin in the game by using the product, providing liquidity, and referring their friends to join the platform. Limitless seems likely to become the first major prediction market platform to launch a token and distribute an airdrop to its early customers, marking a notable opportunity for retail traders.

The team also just introduced a new mobile-first trading experience that enables people around the world to seamlessly wager on their favorite assets’ performance in the next hour or day. This initiative is part of a broader strategy to foster community engagement and attract more users to the platform. By offering incentives, Limitless aims to create a more dynamic and interactive environment for prediction market participants. This approach not only enhances user experience but also positions the platform as a leader in the prediction market space.

The strategic funding and the launch of the points program are crucial milestones for Limitless as it gears up for its TGE. The platform's focus on community engagement and user participation is a testament to its commitment to innovation and growth. With Arthur Hayes on board as an advisor, Limitless is well-positioned to navigate the complexities of the cryptocurrency market and achieve its strategic goals.