Ethora IDO on Solanium: The Future of Options Trading powered by AI

4 min readJul 24, 2024

As the market continues to grow, we’re thrilled to announce our next launch with Ethora!

Ethora is the future of binary options trading.

Their primary mission is to prove that decentralized trading platforms can compete head-on with centralized counterparts, delivering a truly revolutionary trading experience. With their proprietary AI enabled trading bot, traders can make better trading decisions backed by statistics and machine learning.

Revolutionizing Options Trading with Decentralization

Dependence on traditional options trading platforms increases the likelihood of fraudulent activities, such as manipulated price feeds, account inaccuracies, and counter-trading instead of genuine positions.

Additionally, the lack of composability on centralized platforms hampers the effective use of binary options for hedging and yield generation.

The introduction of a decentralized binary options platform on the blockchain is a game-changer, with the potential to attract millions of DeFi traders worldwide, totaling trillion dollar worth of market size.

What sets Ethora apart?

Intuitive and Swift User Experience: Ethora is designed to be your trading companion, whether you’re an experienced trader or just starting out. Our user-friendly application ensures easy navigation.
Your Assets, Your Control: Ethora embraces non-custodial trading. Say goodbye to KYC requirements and the risk of freezing, blacklisting, or seizing your account. You have complete control over your assets.
Fairness and Transparency: Ethora strives for accurate price feeds, ensuring a trading experience built on fairness and transparency. We believe in equitable distribution of platform rewards without the need for centralized clearinghouses.
1-Click, Gasless, Instant Trading: Ethora applies gasless 1-Click trading, eliminating gas costs, wallet approvals, and hidden complexities. We bring you the familiar and convenient trading experience of centralized platforms with just one click.
Multi-Asset Freedom: Trade with flexibility using a variety of collateral assets, regardless of your chosen trade direction.
Empowering Trading Features: Discover features like limit orders, early closure, and ultra-low latency options trading, powered by our efficient off-chain sequencer-like system.
Diverse Market Access: Ethora opens the door to multiple markets, including cryptocurrencies, forex, and commodities, allowing you to tailor your trading to your unique style.
Maximize Your Payouts: Unlock the potential of up to 90% in payouts and enhance your earnings with customizable order types to find your ideal entry and exit points.
Market Making Vaults: Ethora operates with liquidity pools backed by USDC, serving as the clearing house for options traders. By depositing assets into the ELP vaults, you can participate as a market maker to receive platform fees and exclusive esETR token rewards.
Strong Liquidity Provider Protection: Ethora works to maximize liquidity provider returns according to market conditions and liquidity needs.
AI Powered Trading Bot: Ethora combines both statistical & AI techniques and models into an automated trading system to assist traders to make better decisions.

To learn more about Ethora, visit https://docs.ethora.io/.

Ethora — IDO Details

Token: $ETR
Price Per Token: 0.01 USDC
Number of Tokens: 20,000,000 ETR
Accepted Currency: Solana USDC
Hard cap: $200,000 USDC
Distribution: Vested — 25% on TGE, then 25% each month thereafter
Solanium Shield: Activated

As Ethora will launch on Base, you will need to include your Base address during the whitelist application. 2 ways you can do this:

Follow this official guide prepared by Base to add the Base network to your EVM wallet.
Add your Base address manually by copy and pasting it from your EVM wallet.

For more information about Solanium Shield and the terms and conditions refer to: https://www.solanium.io/shield/

*Note: If you are applying for the whitelist on mobile, you will need to add your Base address manually.

Ethora — IDO Timeline (UTC)

Whitelist Application Start: Wednesday, July 24 2024, 11:00 AM
Sale Start: Monday, July 29 2024, 11:00 AM
Token Distribution: Wednesday, July 31 2024, 9:00 AM
Distribution Chain: Base

Post IDO — ETR Token Utility

Earn real yield generated by platform by staking ETR (up to 70% of revenue shared)
$ETR to be used as gas fee once Ethora L2 dapp chain on Ethereum is live
Governance voting by community

Dive into their comprehensive ETR token overview to have a clear understanding of the ETR token and its various aspects: https://docs.ethora.io/tokenomics/etr-token

What’s Next?

Check out Ethora Project Page.

Stay updated on the latest news by following Solanium and Ethora on X.

Official Links:

X: https://x.com/solanium_io
Telegram Group: https://t.me/solanium_io_chat
Telegram Channel: https://t.me/solanium
Instagram: https://www.instagram.com/solaniumio

Please note:

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