The name of the token is Thales on Solana blockchain launched an hour ago

Answered at Nov 01, 2024

Thales Token Overview

Thales is a protocol built on the Ethereum blockchain, designed to facilitate peer-to-peer parimutuel markets. It allows users to engage in these markets directly, without intermediaries, leveraging Ethereum's security and transparency (source).

Key Features

  • Decentralized Governance: Thales is governed by a Decentralized Autonomous Organization (DAO) using the THALES governance token. Token holders can participate in governance, influencing protocol development and direction (source).

  • Smart Contracts and Security: The platform uses smart contracts to ensure integrity and uncensorability. It uses sUSD, a stablecoin, as collateral, and integrates Chainlink data feeds for reliable market operations (source).

  • Market Applications: Thales enables the creation of peer-to-peer parimutuel markets, allowing users to speculate on or hedge against crypto volatility. It can also facilitate markets for off-chain events (source).

Recent Developments

  • Price and Market Data: As of the latest update, Thales is priced at $0.267798 with a 24-hour trading volume of $152,467. It ranks #3509 on CoinMarketCap, with a max supply of 100,000,000 THALES coins (source).

  • Community and Partnerships: Thales has established strategic partnerships, contributing to data security and trading, which have expanded its ecosystem and reinforced its market position (source).

Thales on Solana Blockchain

The information provided does not mention a launch of Thales on the Solana blockchain. Thales is primarily associated with the Ethereum blockchain. If there has been a recent launch on Solana, it is not covered in the current data. It is crucial to verify such claims through official announcements or trusted sources.

Conclusion

Thales is a multifaceted platform within the Ethereum ecosystem, offering decentralized betting and community-driven governance. Its focus on security and strategic partnerships highlights its potential in the DeFi space. Always verify new developments through reliable sources.