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About Oddz
- Oddz is a multi-chain options and derivatives trading platform on Binance Smart Chain, Polkadot, and Ethereum.
- Founded in late 2020, with a whitepaper published on Mar. 1, 2021, and an IDO on Mar. 18, 2021.
- Backed by several industry-leading investment funds, including AU21 Capital, Woodstock, and NGC ventures.
Founders
- Aishwarya Shivakumar, CEO, with experience in social media marketing and a degree in electrical, electronics, and communications engineering.
- Shreedhar Shreenivasa,
About Oddz: Empowering a New Era of Decentralized Finance
Introducing Oddz (ODDZ): A Revolutionary Digital Asset
Oddz is poised to establish a multifaceted, multi-chain options and derivatives trading platform, strategically situated on Binance Smart Chain, Polkadot, and Ethereum. This innovative platform will empower users to trade bespoke options, accompanied by enticing rewards. By harnessing the power of layer 2 solutions and relayer networks, Oddz will effectively mitigate latency issues and significantly reduce the gas fees associated with Ethereum transactions.
The project was established in late 2020, and its whitepaper was officially released on March 1, 2021. Shortly thereafter, an initial DEX offering (IDO) took place on March 18, 2021, during which 900,000 tokens were successfully sold to hundreds of enthusiastic supporters. Notably, the project had already garnered the backing of several prominent industry-leading investment funds, including AU21 Capital, Woodstock, and NGC Ventures.
The Visionaries Behind Oddz: Meet the Founders
What sets the Oddz team apart from the majority of crypto projects is its distinctive leadership profile, helmed by a female CEO, Aishwarya Shivakumar, and comprising an entirely Indian-descent startup leadership.
Prior to founding Oddz, Aishwarya Shivakumar accumulated a wealth of experience in social media marketing, having held various positions at esteemed Indian companies, including Etudemy and Laetus, with tenures ranging from 2 to 10 months. She holds a Bachelor’s degree in Electrical, Electronics, and Communications Engineering from the prestigious Global Academy of Technology.
Shreedhar Shreenivasa, co-founder and CTO at Oddz, boasts an impressive professional pedigree. Prior to joining the project, he accumulated a wealth of experience, having served as a software developer at Uber for three years, a tech lead at Practo, a UI developer at Flipkart, and a front-end engineer at Cleantrip.com.
Krupa Sagar, a seasoned Principal Engineer, boasts a decade of expertise in crafting production-ready software solutions that leverage scalable architecture, distributed computing, microservices, and test-driven development, all while seamlessly integrating with both cloud and on-premise infrastructure.
Bhargav Kacharla is a seasoned software engineer with a distinguished background, having previously worked at esteemed organizations such as Rakuten, OpenText, and Tata Consultancy Services, and boasting a certified level of expertise in blockchain technology.
Kantharaju Gowda, a seasoned professional, currently serves as the Chief Business Development Officer at Oddz. His impressive career trajectory includes stints at Bounce and RCube, as well as a seven-year tenure at Cleantrip.com. He holds a Bachelor’s degree in Economics from the esteemed University of Mysore.
Unveiling the Unparalleled Advantages of Oddz
As envisioned, Oddz is poised to facilitate the creation, maintenance, execution, and settlement of trustless option contracts, conditional token agreements, and futures contracts, effectively operating as a decentralized automated market maker (AMM). By streamlining derivatives trading and elevating the user experience, Oddz aims to establish itself as a prominent player within the DeFi ecosystem. Notable proposed features include seamless, blockchain-agnostic integrations with DeFi platforms, multi-chain trading capabilities, customizable automated options, zero gas fees, and an integrated oracle system that accurately retrieves real-time market data.
The ODDZ token serves as the native utility token of the Oddz Protocol and its ecosystem, occupying a central role in the incentivization structure and governance models. This token will facilitate various functions, including: protocol transaction fees, staking and yield farming, decentralized governance, referral bonuses, and reward mechanisms for providing and validating accurate data. The staking mechanism in Oddz operates on the principle that users lock their tokens to facilitate transactions, subsequently earning a share of the settlement fee. Although the decentralized governance mechanism for Oddz has yet to be fully outlined, it will ultimately enable users to actively participate in major protocol proposals and upgrades.
What Is the Circulating Supply of Oddz (ODDZ) Coins?
The total supply of ODDZ coins is capped at 100,000,000, ensuring a finite and scarce digital asset.
As outlined in the plan, a designated 8% allocation is reserved for the Seed Sale, while 15.8% is earmarked for private sale, with tokens subject to a 12-month vesting period, releasing 15% at the Token Generation Event (TGE). Furthermore, a token allocation of 0.5% is set aside for early supporters, and an additional 1.2% is reserved for public sale participants.
Oddz Finance will retain 42% of its tokens for internal operations, comprising 18% for platform and community development, 4% for a security and alignment fund, 10% for marketing initiatives, and 10% allocated to a reserve fund.
A mere 15% of tokens are allocated for staking rewards.
The Oddz founding team and advisory board will be allocated 16.5% of ODDZ tokens, subject to a vesting schedule spanning three years, with 25% of the allocation being unlocked every six months, following an initial six-month cliff period.
The initial circulating supply of $ODDZ token will be 9,220,000, equivalent to 9.22% of the total aggregate supply. This allocation consists of 800,000 tokens from seed investors, 2,370,000 from private investors, 1,700,000 from both early supporters and public sale, 1,800,000 dedicated to the ecosystem, 150,000 from strategic rounds, 400,000 from the security and alignment fund, 1,000,000 allocated for marketing, and 1,000,000 reserved for future use.
The Security Architecture of the Oddz Network: A Robust Framework
Presently, ODDZ operates as a standard ERC-20 token, leveraging the robust infrastructure of the Ethereum blockchain, which is, in turn, fortified by its Ethash proof-of-work consensus mechanism.
ERC-20 essentially outlines a framework of guidelines for tokens, while also addressing pertinent security considerations, primarily centered around the resilience of the Ethereum network. For instance, network congestion can precipitate a surge in gas prices required for transaction execution, resulting in delays and exorbitant transaction fees that ultimately affect all stakeholders.
Notably, smart contracts can also pose significant security risks, which can result in DeFi traders incurring substantial financial losses. Indeed, hackers have already exploited these vulnerabilities, making off with millions of dollars in DeFi’s brief history as of March 2021.
Where to Acquire Oddz (ODDZ) Tokens
As of March 2021, ODDZ is a relatively new entrant in the market, and consequently, the number of platforms where it can be purchased is still limited. Currently, ODDZ is available for trading on select exchanges, including Uniswap (V2), Bilaxy, and 1inch Exchange, with Ethereum-based trading pairs. For a comprehensive list of available exchanges, please refer to our dedicated crypto exchanges page.
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