Oddz update: ODDZ Live price, price chart, news and markets

What Is Oddz (ODDZ)?

Oddz aims to establish a multi-chain options and derivatives trading platform on Binance Smart Chain, Polkadot, and Ethereum, enabling users to trade customized options with rewards. The project intends to utilize layer 2 solutions and relayer networks to tackle latency and reduce gas fees for Ethereum transactions.

The project was founded in late 2020, and the whitepaper was published on Mar. 1, 2021. An initial DEX offering (IDO) occurred on Mar. 18, 2021, selling 900,000 tokens to various supporters. It has received support from prominent investment funds such as AU21 Capital, Woodstock, and NGC ventures.

Who Are the Founders of Oddz ?

Oddz differentiates itself from other crypto projects as it is led by a female CEO, Aishwarya Shivakumar, and the entire startup leadership has Indian heritage.

Aishwarya Shivakumar previously held positions in social media marketing at Indian companies like Etudemy and Laetus. She holds a bachelor's degree in electrical, electronics, and communications engineering from the Global Academy Of Technology.

Shreedhar Shreenivasa serves as a co-founder and CTO at Oddz. Prior to joining the project, he worked as a software developer at Uber for three years, tech lead at Practo, UI developer at Flipkart, and front-end engineer at Cleantrip.com.

Krupa Sagar, the Principal Engineer, has a decade of experience in building production-ready software with scalable architecture, distributed computing, microservices, test-driven development, and cloud & on-premise infrastructure.

Bhargav Kacharla is a senior software engineer with previous experience at Rakuten, OpenText, and Tata Consultancy Services. He also possesses a certified level of blockchain knowledge.

Kantharaju Gowda serves as the chief business development officer at Oddz. He previously worked at Bounce, RCube, and Cleantrip.com for seven years. He holds a bachelor's degree in economics from the University of Mysore.

What Makes Oddz Unique?

Oddz aims to simplify derivatives trading and enhance the user experience by becoming a player in the DeFi ecosystem. It plans to achieve this through features such as blockchain-agnostic seamless integrations with DeFi platforms, multi-chain trading, customizable automated options, zero gas fees, and an inbuilt oracle for real-time market data.

The ODDZ token serves as the native utility token for the Oddz Protocol and its ecosystem. It plays a central role in the incentivization structure and governance models of the protocol. The token will be used for protocol transaction fees, staking and yield farming, decentralized governance, referral bonuses, and as a reward mechanism for providing and validating accurate data. Staking in Oddz involves locking tokens to facilitate transactions and earning a share in settlement fees. The mechanism for decentralized governance is yet to be described, but it will allow users to actively participate in major protocol proposals and upgrades.

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How Many Oddz (ODDZ ) Coins Are There in Circulation?

The maximum total supply of ODDZ coins is 100,000,000.

According to the plan, 8% of the tokens are allocated for the Seed Sale, 15.8% will be allocated to the private sale with tokens vested for 12 months and 15% released at the TGE, 0.5% of the tokens are allocated to early supporters, and 1.2% of the tokens will be allocated during the public sale.

Oddz Finance will allocate 42% of the tokens for its own operations, including 18% for platform and community development, 4% for the security and alignment fund, 10% for marketing, and 10% in a reserve fund.

Only 15% of the tokens will be distributed as staking rewards.

The Oddz founding team and advisory board will be allocated 16.5% of ODDZ tokens with a vesting schedule of 3 years, with 25% being unlocked every six months after a six-month cliff.

The initial circulating supply of $ODDZ token will be 9,220,000, which accounts for 9.22% of the total aggregate supply. This includes 800,000 tokens from seed investors, 2,370,000 tokens from private investors, 1,700,000 tokens from both early supporters and the public sale, 1,800,000 tokens from the ecosystem, 150,000 tokens from strategic rounds, 400,000 tokens from the security & alignment fund, 1,000,000 tokens from marketing, and 1,000,000 tokens from reserves.

How Is the Oddz Network Secured?

Currently, ODDZ is an ERC-20 token, which means it runs on and is secured by the Ethereum blockchain. The security of Ethereum is ensured through its Ethash proof-of-work function.

ERC-20 defines a set of rules for tokens and includes security considerations related to the strength of the Ethereum network. For example, congestion on the network can increase the price of gas required for transactions, leading to delays and abnormally high transaction fees that affect all participants.

Additionally, smart contracts can pose security risks that may result in the loss of funds for DeFi traders. In fact, hackers have already successfully stolen millions of dollars in DeFi's relatively short existence as of March 2021.

Where Can You Buy Oddz (ODDZ)?

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