Table of Contents
What is Oddz?
Oddz is yet another enhancement to the decentralised exchange (DEX), which supported several blockchain networks. Oddz is the pioneering on-chain option trading platform built on Polkadot, Ethereum, and the Binance Smart Chain (BSC). The platform’s primary objective is innovation customised option trading in a straightforward, safe, and decentralised environment.
The project team believes that some features are still lacking in the DeFi sector, preventing users from fully utilising technology. In the existing defi derivative solution not able full-fill demand due to huge demand in trading contracts. However, problem like high gas fees, network congestion, slower transaction approval that causes due to increase in complexity and lack of intuitive features.
The main focus of Oddz’s option trading solution will be on a decentralised governance model, better user interface, transparent calculation, customised trading, on-chain settlement, non-custodial, and zero gas fees. By adopting options similar to those on CEX, Oddz will be introducing new features such as the ability to buy call options and put options. The user can set a fixed price and fixed amount for purchasing or trading assets with Buy Call options, and vice versa with Put options.
Oddz Price Prediction
|Month & Year||Oddz Price Prediction|
|Project name||Oddz Finance|
|Based on||Option Trading|
|Supported Chain||BSC, Ethereum, Polkadot|
|Exchange Platform||Pancakeswap, Uniswap, Gate, AscendEx, 1inch Exchange, Hoo, Bilaxy, 0x Protocol|
Oddz ICO Overview
|Raised by||$150,000 USD|
|Date of ICO||18th march 2021|
|ICO Price||$0.16 USD|
|Partners||Woodstock, Krypital Group, au21 Capital, NGC Ventures, TRGC, ALTonomy, Amesten, Exnetwork community, x21, GBV|
Oddz Token Price Analysis
The key uses of Oddz, the native token of Oddz Finance, are staking, bonding, and governance. With a set main token price, Oddz token liquidity will be available on all different networks. Each transaction on the platform incurs an Oddz fee, for which the staker and the liquidity provider are compensated. The platform will offer token holders a number of benefits, such as reduced transaction fees and the ability to enable new token and Oracle upgrade options.
Oddz was sold for $0.16 USD through the polkastarter IDO launchpad. Early investors who bought tokens at IDO already earned ROI over 19 times when taking ATH price into account. Oddz token number staking and liquidity pool sees huge growth in recent time, as being multi-chain more network could be added soon for user convenience. in 2021, we could expect Oddz prices will be crossing $5 USD mark and in next 5-to-6-month oddz will be heading to reach new milestone of $50 USD.
Oddz implemented the most highly recommended feature as opposed to sticking with tradition. Polkadex, on the other hand, was the provider of CEX-like features on the Polkadot blockchain-based DEX. Oddz will now support three main public chains and offer investors a bespoke option trading facility. As of this writing, the project testnet has been successfully finished, and Oddz will begin trading on their platform in a few weeks. In the three chains that were deployed, the project will benefit from adopting Ethereum, the gas-lees transactions feature from BSC, and the interoperability and scalability of the Polkadot network. Oddz takes action to address user experience issues while retaining decentralisation and openness.