We are pleased to announce our next AMA on September 16th 2021 at 03:00 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.
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 Website – oddz.fi
Oddz Telegram – @oddz_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Oddz is the world’s first On-chain option trading platform built on the Binance Smart chain with support for BSC, Polkadot, and Ethereum blockchains., Briefly discuss this new way of solving liquidity aggregation?
ow do oracle clients provide aggregated information inorder to ensure price are not manipulated by single entity? Expanciate please
Algorithmic stablecoins attempt to Stabilize a falling price by promising to increase the stablecoins supply in the future so how does Oddz Protocol aim at promoting this up growth, to provide arbitrage opportunity to stakeholders who use the exchange?
Oddz Finance’s products and services are deeply invested on the financial derivatives market. To supply market data and feeds, I have learned that Oddz Finance had developed its very own In-built Oracle. Why did you opt to develop your own Oracle instead of integrating and relying other and external Oracles?
According to your roadmap, by the the Q3 of this year, you will deploy an options trading platform that will inherit the “European style” of options. Can you elaborate and explain to us what does the “European style” means? How is it different from the normal and traditional style of options trading? What are the added feature, if there is some, that this European style offers?
One interesting feature/product that Oddz Finance will be offering had caught my attention is your upcoming “Conditional Token”. It allows users to create and trade tokens based on any events that will produce a definite outcome like elections, sports and many more. Only limited information are available for this feature on your website, so can you explain to us here, how will your Conditional Markets and Token work? Will it be like a betting site where the outcomes will always fall in either a win, lose and or a draw? How can users profit from this token? Also, when do you plan to release this product?
What are the plans to educate and raise awareness and adoption among the community to make more people understand Oddz Finance easily?
how do Oddz achieve zero gas fee? what makes that possible
What is the biggest milestone your project has achieved this year? What is plan in the future ?
Oddz vision is to be a Robinhood (American popular equity trading platform) for cryptocurrencies. We want to see ourselves as the platform for users to come and spend time through our educational content, various option interfaces, and then move the focus to conditional tokens, futures, and other derivatives. I was reading in one of his previous mistresses this vision that they have to be a robin hood, can you explain this a little better? Since this would imply, among other things, taking away from some to favor others?
Hegic, Auctus, Opyn are some of its competitors. are an advanced and next-generation derivatives and options trading platform as their protocol has the ability to enable options for new cryptocurrencies with the click of a button along with the flexibility to use any external oracle for whatever metrics to use for pricing options. Compared to other platforms, what advantages do they have? What are your innovative tools? Transaction fees? have a focus on retail investors?
Oddz has launched Oddz Academy. With the launch of Oddz Academy, Oddz Finance aims to make derivatives and DeFi trading simple and easy for everyone, Oddz Academy provides its community with personalized educational content for newbies, hobbyists and experts. Can you explain us about Oddz academy? Its content will consist of material of what kind? How will Oddz Academy provide quality content?
Oddz employs the synergies of Ethereum, Binance Smart Chain, Polkadot, Polygon, and Chromia to unlock the potential of the decentralized derivatives market. It focuses on creating solutions that can power the DeFi ecosystem by simplifying derivatives trading and improving the user experience. What kind of solutions do you estimate to provide for the solutions of some of the DeFi problems? How will you simplify derivatives trading?
You made mention of “Conditional Token” on your whitepaper as new upcoming token designed to facilitate the creation of highly liquid prediction markets.They also enable combinatorial outcomes for high resolution information discovery through prediction markets.My question is,What will this Conditional token allow traders to do?Can you tell us the advantages/usecases of the token?Which Blockchain is the Conditional Tokens built on?
In your Whitepaper you plan to launch a Leverage Token,You said the Leverage Token is a financial derivatives that enables users to gain exposure to a leveraged trading position in a digital market without having to deal with marginal trade, liquidity etc.My question is,Has the Leverage Token been launch yet?Can you tell us what will be the leverage level of ODDZ Leveraged Token?Will your leveraged token rebalances during extreme market movements?Will you add a list of leveraged token trading pairs for users to trade on your platform?Can you tell the fees that will be associated with Your Leveraged Tokens? Thanks
Users can stake $ODDZ tokens on the Oddz protocol in an attempt to earn high yields, thus maximizing returns. Traders also employ various yield farming strategies to earn greater returns.Can you tell us the amount of $ODDZ users need to hold before staking?Are there any key benefits to staking on $ODDZ?What kind of yield farming strategies is allowed on your platform for users to earn more?Can you tell us the APY for staking $ODDZ?
One of Oddz’s solutions is that its investors can make informed trading decisions with reliable data. I’m wondering where these “reliable” sources that this platform enables come from. Tell us a little bit about this
Transparent premium calculation, could you tell us a little about this facility that enables this platform to help the user make the best possible decision?
What would be Oddz Finance’s mission for the financial future? What do you think could be the greatest achievement of this platform? Tell us a little about it
Oddz is said to have Zero Gas Fee, however, your cross-chain integration is quite big, with you working in BSC, Polygon, and with even more networks to come. So, will we have to pay for the platform-native fees, or have you found a way to bypass all fees, no matter the blockchain? How does this feature really work?
After an initial DEX offering that was held on Mar. 18, 2021, the price for 1 token has constantly been decreasing (especially in May-June) losing around 80% out of the initial value. How could you explain the reason of such behaviour? Is it because the market has been hot recently or this might be a result of gradual tokens’ distribution throughout the year and you were forecasting the drop?
As far as I understand, and this might catch more questions on the subject regarding “Zero gas fees”, the calcellation of these fees will be possible ONLY when staking Oddz in your own platform, which is not yet launched. When are you ready to bring it to customers and what additional perks it will bring?
I read that Oddz Finance launched the Oddz Academy, where you will have tailor-made educational content. Will that content be aimed at beginners, amateurs, or experts? Who will be able to get the most out of that content? In what format will the educational resources that you offer be? Will they be written guides or will you also post videos? What language will the content be in? Only in English? Will access to this academy be free?
Oddz offers multiple benefits to liquidity providers that can be incentivized such as data curation and staking Oddz tokens, can you tell us what are the differences between these two modalities? Also, what are the steps to become a data curator?
In your ads you mention that between the benefits of liquidity providers and $ODDZ stakers there is a 2841% APY for providing liquidity and 169% + APY for Oddz stakers, these numbers are incredible, but how are they really possible? What feeds the profitability of your staking system and what are the risks of investing in these pools?
The interface of Oddz is intentionally very easy to use, which is great for any newcome, but would this simplification netatively influence the performance and complexity of the operations, decreasing quality?
What do I have to do in order to become a liquidity provider in Oddz Finance ecosystem, what are the major benefits for them, is this a permanent program?
What are advantages Oddz Finance offer to its users as a decentralized oracle, how did you beat the trend of centralization that leads most oracles?
How does it result long term sustainable for Oddz Finance to have fee free transactions, where does the platform receive revenues from to maintain itself and further development?
Oddz finance had a successful project campaign in the month of August. As stated, you were able to launch your testnet on Polygon, carried out trading competition, announced partnerships with Konomi and completed smart contract audits. As these events were vital to project growth, can you talk on some of them, how has your testnet on Polygon been so far, when should we expect the Mainnet launch, how has your partnership with konomi been, how is it of benefit to both parties and what sort of partnership should we expect from Oddz this month? Also, as events & competitions are key to your project’s growth, what major ones are outlined in coming weeks & months?
The Oddz Protocol has some really unique attributes, and key among them is it’s high degree of customization, zero gas fees and the ability to permit fraction trades. As a protocol striving for sustainable market dominance considering the high proliferation of smart protocols in DeFi, can you carefully elaborate on these attributes as outlined, how do they effectively perform these functions, with your customization feature, to what limit are your users given the freedom to incorporate custom attributes to their options, and how does the low gas fee and fraction trade attributes promote profitability and safe trading methods for users?
Oddz has an in-built oracle that facilitates access to real-time data for its features, but is it possible to use this oracle on external platforms? What are Oddz use cases as an oracle service?
Can you tell us why it is convenient to trade leverage tokens in your perpetual feature and not in any other exchange in the market? What information does the interface provide to users to know the risks of operations and give investors a better perspective and usability?
You announced that to celebrate your Mainnet launch on Binance Smart Chain, you will be celebrating Oddz Mainnet Carnival starting from September 13, 2021, to October 8, 2021. Can we still participate? What are the rules to participate? I read that there will be a leaderboard! How can we get into that leaderboard? Will there be rewards for all users on that leaderboard? Will those in the TOP 3 get any bigger rewards?
Some of the great features of Oddz are a Customizable Options via self-defined parameters. So,how we can customize option in your platform? Can you tell us what are the condition in using a self-defined parameters? Can you explain more about the self-defined parameters? What are those parameters we must consider in order to customize option with in Oddz network? Thank you
For traders of Oddz Finance, you offer low gas fees and the option to choose from multiple premiums based on the exact requirements. So,does low gas fee is applicable to all transactions and to all traders in your platform? As you offer low gas fees,in return how would your platform generate a higher returns in terms of gas fee?As it mentioned that the traders has an option to choose from multiple premiums based on the exact requirements,so can you tell us what are those multiple premium and what are those requirements to be consider for trader?Aside from those mentioned,what are the other benefits and priveleges for traders in your platform? Thank you
Explaining the reasons for choosing Oddz, you have mentioned that you have zero gas fees. Does this mean that we don’t have to pay any extra fee when performing withdrawals? Can you please explain how did you develop a model to offer zero fees? Further, please let us know about your platform related fees if there are any. I am asking this because there is no use of the feature of zero gas fee if you have imposed any other fees.
According to your roadmap, you have planned to develop an options trading platform for the European style of options within this quarter. Is it a similar platform to IQ Option or Binary.com? Since I am an option trader and normally use IQ Option, I hope to know whether you offer better features. Please explain about your interface, indicators and other features. There are only a few days to the end of this quarter. How is your progress?
Greetings, Oddz I see that its interface is simple to use and very orderly, my question is: how to start in Oddz from scratch? Can you explain how to buy the Oddz token to start staking and have rewards? What is the recommendation you can offer, to give the token the best use within the project? in order to get the best out of it. Where can I get the token right now? I would like to know where it is listed and what functions the token fulfills within the platform, what are the benefits it can have with it. can you give us more details of what is the functionality of the token in Oddz, thanks
Your platform allows us to stake $ODDZ or $oUSD. Can you please explain about staking rewards? What is your reward token? Do you distribute returns with the same token, with $ODDZ for $ODDZ stakers and with $oUSD for $oUSD stakers? Conversely, do you use one of these two as the common reward token? As a long term investor, which will be more profitable, staking $ODDZ or staking $oUSD? Is $oUSD pegged to USD?
Oddz, I would like to know more about the Oddz token function, can I use conditional tokens, for any event? is there a possibility to create and exchange Oddz tokens for sporting events or others? What is the best recommendation they offer to trade with short and long-term leverage tokens? I also read on your page that they will enable leverage tokens for any crypto asset? Is this function already available? You can give us more details about the points of the question. Thank you
Oddz, has a good interface and a very complete high-level team, your team is not anonymous and that is important, where is your team from? I would like to know how important the communities are for your project? tell us about the functions that you presented on the road map, have they all been launched or are some missing to launch this year? If so, what makes your project different from many existing projects that offer security, speed and low commissions? How is your security system and the response capacity that you offer at the time of any emergency in the system? what are your commission rates? You can give us more details and explain more to fully understand Oddz.
Oddz has had testnets on BSC and Polygon and just launched on BSC mainnet. There are a lot other platforms with equivalent capabilities and new user bases. Do you consider launching on more chains? If so,
which chains are you considering?
Options trading seems to be a super interesting concept. The two parts of providing liquidity and the counterpart of buying options. The option gains can be indefinitly high and the loss is quite limited. It seems like providing liquidity is the ‘loser’ when it comes to investing, as they only gain, if the options lose, but the options lose is capped so massively. What is your take on that?
Do you know/share the launch date of Oddz pool on Quickswap?
I mean Dragon’s Syrup Pool!
While the objectives of Oddz is fairly clear – Derivatives and DeFi. Does the Oddz team plan to diversify the service offerings in future? If so, what areas do you identify as potential future offerings under the Oddz platform?
While zero gas fee is very incentivizing, would there be any concerns of unexpected spam attacks? How does Oddz build in safety against such attacks, especially if downtimes can prove to be very critical in derivatives project.
Oddz launched on BSC Mainnet on September 13, 2021 and is offering liquidity providers to add liquidity to options that are priced using Black Scholes option pricing model and with an exposure of 1 day, 7 days, and 30 days. Can you explain how the Black Scholes option pricing model work in your ecosystem? What advantages does Black-Scholes have and Why did you choose Black Scholes option pricing model over other options pricing model like: binomial option pricing, and Monte-Carlo simulation ?
Oddz is a trustless on-chain derivatives trading platform that allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience. What are the key products on your ecosystem executed to simplifying derivatives trading? Can you tell us about the tools you have implemented to keep enhancing users experience in derivatives trading? Is there any requirements for users to utilize this tools?
when can staking or buy option in polygon mainnet?
The month of August was quite busy with a lot of activity, announcements, competitions, awards, associations, in short, a lot of activity, you can give us a summary on these topics, according to the interaction with the community and relationship with the market as you rate your performance until now and how do you foresee your long-term future?