We are pleased to announce our next AMA on February 22nd 2021 at 02:00 PM UTC Time: Satoshi Club x Oddz
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Oddz Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Oddz Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Oddz
For more details:
Oddz – @oddz_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Can you tell us a little about the smart contract with relays? And how will they benefit users?
What are technical challenges in implementing Block-chain infrastructure in support of digital currency being formally accepted by the National Banks?
What are users’ incentives to switch from traditional banking system to public blockchain?
One discouraging factor limiting interest in Option Trading is lack of simplicity and transparency of the whole process. How simplified is option trading on Oddz and how does it enhance user experience? Also, you are not going to use external price oracles but will be embedding your own native oracle in your protocol. Why did you opt against a neutral external oracle? What will your in-built oracle use to determine price aggregates and how can we be assured that this will be done with transparency and neutrality which is non-subjective to internal or external manipulation for pecuniary gains?
You have identified high gas as a limitation of seamless and flexible derivative trades on Ethereum and you will be introducing a Zero Gas Fee Transaction in order to drive wide adoption. This sounds enticing and I want to know which cutting-edge technological solutions you will be introducing to eradicate this limitations without resulting in network latency? What smart features will this solution have and how will it be executed without trading off efficiency and security since some solutions in this regards require the use of third-party Relayer Network which may raise security concern?
The salient features of Oddz which you have listed are Transparent Premium Calculation, Zero gas fees, Adequate Liquidity, Customized Option Writer and Fraction trades. I need a clearer explanation on the last two. Is Fraction trading different from the Option trading you also offering or are they still referring to thesame thing? Also, what does Customised Option Writer mean and how is it utilized?
What trading solutions has ODDZ created to streamline the execution of put and call options, conditional trades and futures contracts? How have you unlocked the potential of decentralized derivatives markets? How do these solutions help drive the DeFi ecosystem and simplify derivatives trading, in turn improving the user experience?
ODDZ is an on-chain options trading platform built on Binance Smart Chain, Polkadot and Ethereum. How has this interesting combination helped supply the existing demand for financial trading contracts for DeFi’s derivatives solutions? What optimal products have you created to fit the needs of the user as a whole?
What have been the dynamics of the liquidity mining pool that ODDZ has developed to maximize user participation in its protocol? What are the incentives that ODDZ provides to liquidity providers for infusing liquidity into the platform and, therefore, creating a seamless trading experience for users?
On your roadmap it caught my attention that you have something called “Alpha launch & TGE” for Q1 2021, could you tell us more about what is this TGE, and this Alpha launch and when will be release? Speaking of this Alpha, if I want to participate in it, will I be able to? How can I help the Oddz platform?
Two of the features that you offer are “Customizable Options” and “Diversified Option Premiums” and both says that it will let us “Get new options by defining our own parameters”. Could you explain this a bit more, why this two features had the same explanation? What are this customizable options and diversified options, how can we get new ones and what benefits does this provide to Oddz users? What parameters do we have to set in order to get new available options and how many new possible alternatives do you have for your users in each of this features? Also, does this two separated categories means that ones will be free for everyone, and for others you will need some sort of membership access?
On your roadmap for Q3 2021 you have “Options trading platform for the European style of options”, could you tell us more about this? What are these European style of options and why do you need to make new options trading platform? What style of options do you have on Oddz? what is the difference between them and the European style and why do you feel the necessity of making this new style ones? Will you create in the future more styles of options like “Asian style of options, or American style” for example?
ODDZ finance has customizable options defined by the users’ own parameters, can you show an example of how customizable it is? Do you have a switch to pass from a simple to an advanced interface by default?
By locking assets in the Oddz liquidity pool, Liquidity Providers must have many benefits to earn profits, can you detail how are this earnings? Is there a settled percent or variable of earnings?
You say that on the Oddz platform it is possible to create and exchange conditional tokens for any event that has a definite outcome. What exactly does a user need to be able to create a conditional token on your platform? What kind of events could benefit the most from this service you provide?
You plan to launch Oddz Oracle in the second quarter of 2021. What are the features that, according to you, would make your system stand out from other oracles on the market and with a high adoption by other projects such as Chainlink? How do you expect to impose yourselves in such a competitive market?
Many projects talk about features to show strengths only. What current weakpoints are you working to overcome and conquer? How will you provide sufficient Liquidity on the platform to fulfill market orders especially when there’s a rapid increase in adoption?
How can Oddz get gas rates to “0”? This free rate does not generate any kind of losses for Oddz? How do they make user transactions cheaper and more viable?
On its website it says that there are 2 ways to earn on Oddz, the first is to lock your assets in the Oddz liquidity pool and the second is to bet Oddz tokens. What is the total return that these 2 options generate for users? Are you really making good profits with Oddz?
Why did you decide to have the Oddz platform be built on the Binance Smart chain instead of another chain? And does it only have support for the BSC, Polkadot and Ethereum blockchains? What makes these blockchains compatible with Oddz?
At difference of others projects that use solutions like Chainlink, Oddz will implement and develop its own Oracle systems, so what make you took that decision?
One of the most attractive element of Oddz are the zero transaction fees, but I have understood that you used a very special ways to archieve it, so can you explain us how is possible to you have such performance in fee terms?
In trading, there is definitely selling price competition, if many competitors are interested in trading, what will ODDZ FINANCE do so that many investors are interested in your trading?
The options trading is one of the more risky type of trading that exists, so considering that you maybe will have newbies users, will you create tutorials or guide that explains how operate with it?
What are the most and biggest challenges that Oddz Finance have encounter at the moment?Can you provide us some information on how do you deal this challenges and what solution do you come up with to overcome these challenges?
In a world full of assorted DeFi protocol, In what way Oddz Finance stands as the latest platform to outplay the derivatives markets?What unique features does your platform have to,attract and keep investors and users using it over and over again
What are the advantages of having an in-built Oracle? How did you created it and how is it better than the conventional extern oracle services?
Oddz offers solutions not only for traders but also for dApps, people can use your blockchain agnostic protocol to build “robust dApps”, how do you guide the users in the process and what choices do they have to create dApps in a secure way?
“Create and Trade conditional tokens” for any event that will have a specific outcome. Events can be anything in politics, geography, sports and more..So how can we create and exchange these “conditional tokens””? What features on your platform can we use to create these types of tokens
Considering that the information assimilated from its reliable sources could be altered by mistake, why would a trader use Oddz Finance instead of directly consulting a news page for information? Also, could you mention some of the sources you use to collect the reliable data that will help traders make their decisions?
I have never read about conditional tokens before. What is its greatest advantage and why is so special about this type of token? It is mentioned that these tokens can be created for any event that has a definite outcome. After this event occurs, what happens to the token?
Conditional tokens are fully modifiable according to needs? What characteristics can be added or changed to a conditional token?
Could you really give us more details and characteristics of the conditional tokens? Any user can create a tokens for any purpose with the sole reason that it is of a certain time? or are there more limitations?
The only difference between Oddz’s other multi-chain options trading platform and the competition, is that your platform has a built-in Oracle? or are there many more differences?
You mention that you can create robust Dapps with Oddz, but will those really be blockchain independent? But will it be independent of a specific chain or independent of blockchain completely?
You mention the great features of the Oddz platform, but could you give us more details about your oracle? is it really more beneficial than other more recognized oracles?
You mention that in leverage we will have the right to place a purchase or sale price instead of an obligation, does that mean that I can maintain that operation for as long as you want without having to pay high gas rates?
You mention that in this Q1 of 2021 you would develop “Strike”, could you talk to us and give us more details about it? And why don’t they mention a lot about it on their website?
You mention that “Oddz Oracle is specially designed for derivatives market sources”, but is that the most important function for Oddz? Or just start prara derivatives and little by little anger perfecting in the other functions?
Of how many minimum Oddz tokens should the investors be in order to create and develop their own dapps and their own tokens?
You have chosen three blockchain to build Oddz: Binance Smart Chain, Polkadot and Ethereum Network. Could you explain us why you have decided to choose three? With Polkador, for example would not have been enough? What features does Oddz need from each one to deliver everything it promises?
You have decided to create your own Oraculus, I think it’s really good. I wonder: From what source do you get the price data, how do you validate that a source is trustworthy or not?
User Experience is key in this kind of platforms, and being this one from DEX, where generally things are kind of hard to understand, it’s not an issue that should be overlooked. How have you worked on that issue to make it easy to use for users new to cryptocurrencies?
How do you keep a balance between functionality, interface and trade security at Oddz Finance? what do you want to provide to your users?
One of the most striking features of Oddz, is certainly this zero gas fees thing. But… Can the tariffs really go to zero or is it just a merkating strategy? If not, can you explain to us how they make this possible?
Is there a reason why did Oddz Finance support Zero Gas Fees Transactions for derivatives traders? can you tell us about your relayer network update? will be possible to users not pay any gas fee?
As a Trading Platform, How do you guarantee the transparency of your operations? Does Oddz Finance provide tools and indicators do you have for newbie traders in order to make easy their experience?
How do we get $ODDZ token? are you list on any exchange? can you tell us about the products has Oddz finance introduced to be a userfiendly trading platform for users?
You mentioned on your introduction that you also was a very active trader in both the stock market and crypto market for the last 3 years and as a trader you understood the pain points which restricts a lot of users from utilizing on-chain option trading platforms effortlessly such as – high gas fee, dependency on option writers, etc. So how will ODDZ FINANCE solve these pain points and I’m curious how does Oddz solve the dependency on Option writers?
According to your website,we can get incentivized as a data curator. So can you explain more about what is data curator? What is the works of Data curator? What are the qualifications to become data curator? How to be benefitted and incentivize as data curator?
I have seen many projects using dual-chain, but ODDz come with 3 chains and that is great! But how do you manage each of them if there will be unexpected problem occur in the future?
What oracles will Oddz use to get accurate data? How secure that oracles so can prevent it from providing false information? What advantages of that oracles have if we compare to Cosmos, Oracle, or Polkadot?
According to your website, you enable users to trade customized options with rewards. So ,can you explain more about what reward will be given to traders? How does trading customized options works?
As Oddz Finance doing AMA in different Telegram groups,what are the good benefits you get from those AMAs? What positive effects did it bring to your network, community and the entire ecosystem?
The Oddz protocol is gamified in a decentralized manner to provide users with cutting-edge financial innovation to ease their on-chain option trades. Can you tell us about this gamification? How will gamification benefit users?
Oddz smart contract requests to the relayer networks that will use native meta transactions for executing the transactions with minimal gas fee that Oddz will cover on behalf of their users. I know that you are trying to attract users on your platform, but why fully cover transaction fees? How will your trading platform cope with thousandths of traders that will come for zero fees?
As written on your website that you will enable users to trade customized options with rewards. My question is that how does the trading customized options works in Oddz Finance? How does reward be given and what kind of reward be will the traders get? Can you share what are the risk and pros
and cons that it will bring to traders in using customized trade options? Thank you
According to the roadmap, in Q3 2021, you plan to conquer Conditional markets and Perpetual markets. I haven’t heard of them yet. What opportunities will these markets offer Oddz?
What makes Oddz able to deal with zero gas fees dealing with adequate liquidity. What are the revenues and fees generated and how do you raise liquidity that makes adequate
Oddz Platform will have its own Inbuilt Oracle. Why do the platform need to build its own oracle when there are popular Oracle Providers already exist and performing well? By the way, is there any updates on the development of ODDZ Oracle?
I learn from your site Oddz have plan to leverage layer 2 technologies along with Relayer networks that possible to help people trading at a lowered gas fee. Beside about gas fee, what are other specialty that we got from this technology? What are other benefit that we got by using Oddz Finance platform?
I was interested in Call options and Put options.
1.Call options.
With a call option, the buyer has the right, but not the obligation, to buy the underlying asset at a specified price within a specific time period.
2.Put options.
With a put option, the buyer has the right, but not the obligation, to sell the underlying asset at a specified price within a specific time period.
Does the user choose the time frame himself or do you offer him options to choose from?
i read that Oddz Finance have Liquidity Pool under the AMM model, but what makes it different
with other Liquidity Pool that using traditional derivative trading model ? and how does Oddz Finance
Liquidity Pool work for gain profit, is there any penalty if user withdrawal from your liquidity pool?
Oddz is a multi chain options that built on Binance smart chain, Ethereum and polkadot. But Oddz Protocol introduces Zero Gas Fees Transactions to drive Widespread DeFi Adoption.
Can you explain how Zero Gas Fees possible if your platform also work for Ethereum blockchain with high gas fees?
Can you tell us about your partners and investors, which of them made the greatest contribution, in your opinion, to the development of Oddz?
Tell us about what incentive schemes for liquidity providers you plan to implement?
Oddz offers a seamless on-chain option trading solution with an in-built Oracle solution. That’s great, but according to your Roadmap your trading platform will go live in 1Q and Oddz oracle launch will be in Q2. So, what oracles will you use from the beginning? Or may be it means that we won’t get full services from the start?