Melbo Description

Melbo serves as a web-based prediction market platform where users can engage in trading shares that are linked to the outcomes of various real-world events. Each market poses a straightforward Yes/No question, with share prices indicating the collective probability of the outcomes, and shares that are correctly resolved yield a payout of $1. Users can explore a wide array of markets that cover topics such as politics, sports, esports, cryptocurrency, business, and science, allowing them to buy or sell shares at any time prior to resolution. Registration is available through email, Google, or Telegram, and every account comes with an integrated non-custodial wallet. Users can fund their wallets using USDC on the Polygon network, with a minimum trade amount set at $1, and Melbo takes care of the network gas fees. Trades are executed via third-party smart contract markets, and the final results are established by a decentralized oracle. The platform charges a 1% fee on market orders alongside a liquidity fee that varies by category, while limit orders, deposits, withdrawals, and payouts do not incur any fees. This service is exclusively available to individuals aged 18 and above, with certain geographic limitations, and participants should be aware that trading may lead to financial losses. Ultimately, Melbo aims to create an engaging and user-friendly environment for those interested in predicting outcomes across a diverse range of events.

Pricing

Pricing Information:
Market orders incur a 1% platform fee plus a category-dependent liquidity fee. Limit orders, deposits, withdrawals and payouts are fee-free. Minimum trade: $1; network gas is covered by Melbo.
Free Version:
Yes

Integrations

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Company Details

Company:
Melbo
Headquarters:
British Virgin Islands
Website:
melbo.io

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Product Details

Platforms
Web-Based
Types of Training
Training Docs
Customer Support
Online Support

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