What is Oddz Finance (ODDZ) | What is Oddz Finance token

Introducing Oddz

World’s First On-Chain Option Trading Platform built on the Binance Smart Chain, Polkadot and Ethereum

Oddz Platform thrives on revolutionizing the on-chain derivatives market by introducing smart and intuitive features for contractual traders.

Oddz is the World’s foremost option trading protocol to be deployed on the Binance Smart Chain, Polkadot, and Ethereum.

The existing DeFi derivative solutions have portrayed a massive demand for trading financial contracts. The DeFi industry has witnessed a gigantic rally involving the surge in trading and executing on-chain derivatives agreements. Above 80% of the traded on-chain derivative instruments constitute options. Moreover, the explosive DeFi industry has gained considerable traction in trading conditional tokens and futures contracts. There is a wide range of DeFi projects already serving users’ needs in the trustless derivatives markets. However, there is a lack of optimal products that fit the user-needs in totality.

Indeed, the absence of specific features has resulted in barring users from unleashing the DeFi industry’s potential. Apart from high transaction costs on the Ethereum blockchain to transaction latency due to network congestion, some concerns have hampered the mainstream adoption of on-chain option trading agreements. Due to the increased complexity and lack of intuitive features, the execution of permissionless option-trading instruments has been difficult. Therefore, Oddz is here to surpass all technical limitations to ease on-chain option trading for users.

What is Oddz?

Oddz is a trustless On-Chain Option trading platform that expedites the execution of call and put options contracts, conditional trades, and futures.

It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional token agreements, and futures contracts in a fast, secure, and flexible manner. The World First On-Chain Option trading platform was deployed on the Binance Smart Chain, striving to unleash its potential decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience. Its comprehensive ecosystem also constitutes an Inbuilt Oddz oracle that helps in accurately retrieving real-time market data.

Why choose Oddz?

Oddz offers a seamless on-chain option trading solution with an in-built Oracle solution.

Transparent premium calculation

Showing all the metrics used to calculate the premium will help user take the better decision.

Zero gas fees

Make your transactions more economical and viable.

Delightful Interface

Get up and running fast with our easy to use and clutter-free interface.

Customizable Options

Get new options by defining your own parameters.

Diversified Option Premiums

Support for options for multiple crypto currencies across various blockchains

Incentives and Rewards

Earn higher yields as liquidity providers. Get incentivized as a data curator and by staking Oddz tokens.

Governance

Have, a say in future upgrades and additions to the Protocol & Oracle.

Diving deep into the key attributes of Oddz On-Chain Option trading platform

The key features promoting DeFi users to utilize on-chain option trading platforms effortlessly includes :

Fraction trades: The presence of technical infrastructure to enable users to chip in smaller amounts or fractions of currency to exercise options have allowed users to experience on-chain option trading.
Transparent Premium Calculation: Oddz facilitates transparent price calculations that help users to understand primary metrics used to calculate the premium, reinforcing increased transparency.
Binance Smart Chain: Oddz protocol is deployed on the Binance Smart Chain, capitalizing on market volatility. Besides, it would facilitate smooth trades with high latency. The lower transaction costs for complex on-chain option trading contracts would significantly benefit users. Also, with Binance Smart Chain, scalability will no more be a stumbling block.
Adequate Liquidity: With the injection of incentivizing schemes for liquidity providers on the Oddz protocol, the slippage costs will be relatively low. However, platform users can execute massive trades, particularly in size, due to adequate liquidity available for trading purposes.
Customized Option Writers: The introduction of automated, customizable option premium writers based on user input is one of the striking features of the Oddz protocol.
Inbuilt Oddz oracle: The dynamic nature of the derivatives market entirely depends on the oracles’ performance. They are instrumental in fetching real-time data. Hence, an inbuilt oracle eases bringing real-time data accurately and instantly, promoting smoother trades.

Oddz — A Game-changer in the On-Chain Option trading market

The Oddz protocol is gamified in a decentralized manner to provide users with cutting-edge financial innovation to ease their on-chain option trades. The pool of supremacy that Oddz currently possesses forecasts the probability of it capturing a larger market share in the decentralized derivatives landscape. With the Inbuilt Oracle, the game has just got bigger and better with increased security measures lacking in external oracles.

The Oddz protocol is striving towards creating a niche in the on-chain option trading market by adopting attributes that remain untapped and neglected in the trustless DeFi landscape. The team is relentlessly working towards creating a revolution by building products that could escalate DeFi to the masses.

What is $ODDZ?

The $ODDZ is the native utility token representing the Oddz Protocol and its ecosystem. The token is the central point of the incentivization structure on the Oddz Protocol and its governance models.

The Oddz platform users can employ the native token for various purposes such as

Trade options and pay for protocol transaction fees
Staking
User-centric governance
Reward mechanisms
Referral bonuses.

The platform users will actively participate in major protocol proposals and upgrades, thus driving decentralized governance on the Oddz platform. The users can maximize returns by participating in staking mechanisms and employing high yield farming strategies

$ODDZ Tokenomics and Distribution structure

$ODDZ Token emission and distribution details:

Total $ODDZ supply will be 100,000,000 ODDZ

9.22% of the token supply will be released at TGE, with an initial market cap of $1,534,167

8,000,000 $ODDZ is allocated for Seed Sale at a price of $0.07.

15,800,000 $ODDZ will be allocated to private investors at a price of $0.12.

Strategic private investors’ tokens are vested for 12 months, with 15% released at the TGE. The remaining tokens will be linearly unlocked every quarter at a ratio of 15%, 20%, and 25%.

500,000 $ODDZ tokens are allocated to early supporters at $0.15 with a 100% unlock on the day of listing.

1,200,000 $ODDZ tokens will be allocated during the public sale at $0.167 without any locking period.

The Oddz Ecosystem will have 18,000,000 $OODZ allocated for future developments of the Oddz platform, technical updates, and community-oriented programs.

15,000,000 $ODDZ tokens will be allocated for staking rewards to increase participation from the community and drive the growth of the platform.

4,000,000 $ODDZ tokens will be allocated for the security and alignment fund.

10,000,000 $ODDZ tokens will be allocated for marketing purposes. 1,000,000 will be allocated during the TGE, and 300,000 tokens will be unlocked every month for a period of 30 months to fuel marketing operations. The reserve fund constitutes 10,000,000 $ODDZ tokens for future strategic needs, funding requirements, and product developments.1,000,000 $ODDZ tokens will be unlocked at the TGE, 300,000 tokens will be unlocked every month for a period of 30 months as reserves.

The founding team and Advisory board will be allocated 16,500,000 $ODDZ will a token vesting schedule of 3 years. 0% will be unlocked during TGE. Moving forth, 25% will be unlocked every six months after a 6 months cliff.

The Initial Circulating Supply of $ODDZ token will be 9,220,000 i,e 9.22% of the total aggregate supply. This would comprise 800,000 from seed investors, 2,370,000 from private investors, 1,700,000 from both early supporters and public sale, 1,800,000 from the ecosystem, 150,000 from Strategic rounds, 400,000 from Security & Alignment fund, 1,000,000 from marketing and 1,000,000 from reserves.

Fundraising

Oddz Finance raised $2.6M from prominent investors to build Multi-Chain Derivatives Trading Platform. Some reputed investors who took part in the funding rounds include Woodstock Fund, AU21, Krypital Group, X21, Amesten Capital, TRGC, NGC Capital, EX Network, Altonomy, Lotus Capital, Lumen Capital, Maha DAO, DAO Ventures, Fire Protocol among others.

In case of any queries or clarifications, reach us out at — info@oddz.fi

Source : https://www.youtube.com/watch?v=kTvl5TztMNc

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How and Where to Buy Oddz Finance (ODDZ)?

ODDZ has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ODDZ

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since ODDZ is an altcoin we need to transfer our coins to an exchange that ODDZ can be traded. Below is a list of exchanges that offers to trade ODDZ in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ODDZ from the exchange: Uniswap (V2)

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ODDZ gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

Find more information ODDZ

☞ Website ☞ Explorer ☞ Explorer 2 ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap

🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds

Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

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