{"id":12462,"date":"2021-09-17T20:51:23","date_gmt":"2021-09-17T17:51:23","guid":{"rendered":"https:\/\/esatoshi.club\/?p=12462"},"modified":"2021-09-17T20:55:25","modified_gmt":"2021-09-17T17:55:25","slug":"oddz-x-satoshi-club-ama-recap-from-17th-of-september","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/09\/17\/oddz-x-satoshi-club-ama-recap-from-17th-of-september\/","title":{"rendered":"Oddz x Satoshi Club AMA Recap from 16th of September"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Oddz and our guest was @Aishwarya_hs. The AMA took place on 16 September<\/p>\n\n\n\n<p>The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n<p>In\nthis AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n<h2><strong>Part\n1 \u2014 introduction and questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Hello again, dear Satoshi Club\ncommunity! We are pleased to announce AMA with Oddz<\/p>\n\n\n\n<p>Today our guest is\n@Aishwarya_hs &#x1f60d;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Hello everyone, Hope all of you are\ndoing good:)<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Hello and welcome to Satoshi Club!\nNice to e-meet you &#x1f60a;<\/p>\n\n\n\n<p>We are really excited\nabout upcoming AMA with you. And how are you? &#x1f60a;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Thanks for having me here today<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Is a pleasure for us<\/p>\n\n\n\n<p>Iam doing great, thanks<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Thanks for joining&#x1f601;<\/p>\n\n\n\n<p>last time you were with\nus in February. I think you have news since then. but first tell a little about\nyourself&#x1f60a;<\/p>\n\n\n\n<p>How did you get to be\ninvolved in crypto &amp; Oddz<\/p>\n\n\n\n<p>Tell us please about\nyour position in&nbsp; Oddz<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Yes last time, Our CTO was here and\nthis time its me;)<\/p>\n\n\n\n<p>Happy to introduce\nmyself and tell you more about how oddz started.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Yes we had really good fun last\ntime&#x1f601;<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Yes, Satoshiclubbers let&#8217;s remember a\nlittle bit about that past AMA <a href=\"https:\/\/esatoshi.club\/oddz-x-satoshi-club-ama-session-22-feb-2021\/\">https:\/\/esatoshi.club\/oddz-x-satoshi-club-ama-session-22-feb-2021\/<\/a>\n<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> I worked in a few tech startups as a\nproduct and marketing Lead in Bangalore.<\/p>\n\n\n\n<p>Coming to my experience\nin crypto, I was a very active trader in both the stock market and crypto\nmarket for the last 3 years,<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Great background &#x1f44d;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz: <\/strong>In 2019 i started to explore more about\noptions trading platforms and traded in most of the platforms.<\/p>\n\n\n\n<p>In early 2020, I\nclosely noticed the rise in volume in option and derivatives trading in\ncryptocurrencies and identified a lot of improvements that can be ported from\nthe stock market to the crypto market in terms of user experience.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> So&#8230;. Give us a brief\nintroduction to the project. What is the essence of Oddz<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> As a trader, I understood the pain\npoints which restricts a lot of users from utilizing on-chain option trading\nplatforms effortlessly<\/p>\n\n\n\n<p>that\u2019s when Oddz\nstarted along with my Co-founder who has 10+ years of experience in Web\ndevelopment and 2 years of experience in Blockchain space.<\/p>\n\n\n\n<p>sure<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Oddz Protocol is a derivatives trading\nplatform that expedites the execution of call and put options contracts,\nconditional trades, and futures. It allows the creation, maintenance,\nexecution, and settlement of trustless option contracts, conditional tokens\nagreements, and futures contracts in a fast, secure, and flexible manner.<\/p>\n\n\n\n<p>It employs the\nsynergies of Ethereum, Binance Smart Chain, Polygon and Polkadot to unleash the\npotential decentralized derivatives market. It focuses on building solutions\nthat can propel the DeFi ecosystem by simplifying derivatives trading and\nenhancing the user experience.<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> What do you mean with conditional\ntokens?<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> what has happened to you since our\nlast meeting with Oddz in February?<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> conditional tokens can be created for\nany events that will have a definite outcome that is bound to the time, so in\nour platform users can predict the &nbsp;outcome of any event such as BTC price in next\n7 days, Who will win the next FIFA worldcup etc etc<\/p>\n\n\n\n<p>Lot and lot has\nhappened ever since February<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Innovative concept, later we can talk\nmore about it&#x1f601;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> We did our IDO on march with\npolkastarter, we completed our testnet on both BSC and polygon networks and\nfinally we launched our mainnet on BSC network<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Congratulations &#x1f38a;&#x1f44f;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Now users can finally trade Options on\nOddz platform &#8211; <a href=\"https:\/\/app.oddz.fi\/\">https:\/\/app.oddz.fi\/<\/a> <\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Well, thank you so much for the\nexciting introduction, we can&#8217;t wait to learn more about the project through\nour community questions&#x1f601;<\/p>\n\n\n\n<p>Let&#8217;s check it\nSatoshiclubbers<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Yes, Looking forward<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Ok, let&#8217;s proceed<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Wow! It&#8217;s important milestone&#x1f44f;&#x1f44f;&#x1f44f;<\/p>\n\n\n\n<p><strong><em>Q1 from Telegram User\n@Lestmarisv13<\/em><\/strong><\/p>\n\n\n\n<p><strong>Oddz\nemploys the synergies of Ethereum, Binance Smart Chain, Polkadot, Polygon, and\nChromia to unlock the potential of the decentralized derivatives market. It\nfocuses on creating solutions that can power the DeFi ecosystem by simplifying\nderivatives trading and improving the user experience. What kind of solutions\ndo you estimate to provide for the solutions of some of the DeFi problems? How\nwill you simplify derivatives trading?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> We employ machine learning, present\nmarket conditions on a specific day\/week along with user&#8217;s past history to\nrecommend an easy options<\/p>\n\n\n\n<p>That should enable a\nuser without much experience in options trading to get used to it.<\/p>\n\n\n\n<p>For advanced users, we\nhave a customized options section where a high degree of customization is\npossible.<\/p>\n\n\n\n<p>For people who don&#8217;t\nwant to spend the real money but want to learn and then earn, there is a\nvirtual trade section.<\/p>\n\n\n\n<p>We also have a social\ntrading section where people can follow fellow traders on our platform and\nsimply follow other&#8217;s strategy.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> you have thought of all categories\nof users. this is very commendable. do you have any newbie guides?<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Reason behind this gamification is to\nensure we will have a high adoption rate and make options trading very much\nunderstandable and accessible &#x1f642;<\/p>\n\n\n\n<p>For newbies, We are working on Oddz Academy &#8211; <a href=\"https:\/\/medium.com\/oddz-finance\/defi-and-derivatives-trading-made-easy-oddz-finance-launches-oddz-academy-3460ae57fc17\">https:\/\/medium.com\/oddz-finance\/defi-and-derivatives-trading-made-easy-oddz-finance-launches-oddz-academy-3460ae57fc17<\/a><\/p>\n\n\n\n<p>That&#8217;s highly useful\nbefore invest<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Thanks for sharing &#x1f60a; let&#8217;s\ncheck, Satoshi Clubbers<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> What kind of topics do you teach there?\nWill be there more guides in the future?<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> There will be separate sections for 1.\nDeFi( basic to advance explaination of DeFi) 2. Derivatives(Options trading,\nperpectual, Futures, Conditional tokens etc) 3. About Oddz\nprotocol(Explainations about Oddz platform)<\/p>\n\n\n\n<p>All these sections with\nvideo tutorials<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Thanks for the info, very interesting.\nNow, let&#8217;s proceed with the next question<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram User\n@Pavel_Jarosh <\/em><\/strong><\/p>\n\n\n\n<p><strong>After\nan initial DEX offering that was held on Mar. 18, 2021, the price for 1 token\nhas constantly been decreasing (especially in May-June) losing around 80% out\nof the initial value. How could you explain the reason of such behaviour? Is it\nbecause the market has been hot recently or this might be a result of gradual\ntokens\u2019 distribution throughout the year and you were forecasting the drop?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> I would say its the former reason.\nMarket&#8217;s TVL had a sudden decline due to the FUDs created<\/p>\n\n\n\n<p>Slowly most of the\ntokens are recovering and so us<\/p>\n\n\n\n<p>If you see the bottom,\nwe bounced back nearly 100% from the ATL and we are not far away from reaching\nthe similar state we were at in March-April.<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Have you apply any burning token event\nto increase the value of the token? How did you reach this pump?<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> We never had any buy backs until now.\nSoon we will be starting with buy back programmes. We had a mainnet launch on\nBSC and our protocol started to generate the transaction fee that will be used\nto buy back tokens from the market and distribute them as rewards to the\ncommunity<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Thanks for the clear answer!\nPlease remind us about your tokenomic.<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> &nbsp;[\n&#x1f91d; Sticker ]<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> We mainly focused on our developement\nduring the May-june period, focused on getting listed on exchanges, re\ninitiated the marketing plan on spreading more awareness on oddz protocol and\nthese resulted in a nearly 100% pump.<\/p>\n\n\n\n<p>Sure, here is the link <a href=\"http:\/\/bit.ly\/30lJ7VX\">http:\/\/bit.ly\/30lJ7VX<\/a><\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> it is a competent and consistent\napproach&#x1f44d;<\/p>\n\n\n\n<p>Thanks for sharing!<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram User\n@victorogb<\/em><\/strong><\/p>\n\n\n\n<p><strong>Oddz\nfinance had a successful project campaign in the month of August. As stated,\nyou were able to launch your testnet on Polygon, carried out trading\ncompetition, announced partnerships with Konomi and completed smart contract\naudits. As these events were vital to project growth, can you talk on some of\nthem, how has your testnet on Polygon been so far, when should we expect the\nMainnet launch, how has your partnership with konomi been, how is it of benefit\nto both parties and what sort of partnership should we expect from Oddz this\nmonth? Also, as events &amp; competitions are key to your project\u2019s growth,\nwhat major ones are outlined in coming weeks &amp; months?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Wow, I am sure @victorogb did a great\nbackground work for this question. <\/p>\n\n\n\n<p>Let me answer this in a\npart by part manner. Regarding polygon testnet here is the stats: We have\nsuccessfully completed the Oddz Incentivised Testnet program on Polygon\nNetwork.<\/p>\n\n\n\n<p>Participants : 12,000+<\/p>\n\n\n\n<p>option trading volume:\n$2,537,548,498<\/p>\n\n\n\n<p>options bought: 13,601<\/p>\n\n\n\n<p>options exercised:\n2,130<\/p>\n\n\n\n<p>options expired: 11,360<\/p>\n\n\n\n<p>staking rewards\ndistributed: 290k ODDZ<\/p>\n\n\n\n<p><a href=\"https:\/\/bit.ly\/3h8qFcf\">https:\/\/bit.ly\/3h8qFcf<\/a><\/p>\n\n\n\n<p>We just had a mainnet\nlaunch on BSC earlier this week and here is more details regarding the same:<\/p>\n\n\n\n<p>ODDZ MAINNET CARNIVAL &#x1f525;<\/p>\n\n\n\n<p>&#x1f4b0; Win Up To\n$50,000 worth $ODDZ tokens in Oddz Mainnet Carnival<\/p>\n\n\n\n<p>After a year of\nplanning and testnet launches, we are happy to announce the launch of Oddz\nMainnet on Binance Smart Chain on September 13th, 2021! &#x1f387;<\/p>\n\n\n\n<p>&#x1f31f; Key\nHighlights&#x1f31f;<\/p>\n\n\n\n<p>&#x1f539; Oddz Mainnet\nlaunch on Binance Smart Chain on September 13th, 2021.<\/p>\n\n\n\n<p>&#x1f539; Win Up To\n$5,700 every week during Oddz Mainnet Carnival<\/p>\n\n\n\n<p>&#x1f539; More details\non Airdrop of $27,200 in $ODDZ tokens to be announced soon!<\/p>\n\n\n\n<p><a href=\"https:\/\/bit.ly\/3yuDkMI\">https:\/\/bit.ly\/3yuDkMI<\/a><\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz: <\/strong>[Forwarded from Oddz Official Announcements]<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"538\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-09-13_22-45-53.jpg\" alt=\"\" class=\"wp-image-12465\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-13_22-45-53.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-13_22-45-53-300x158.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-13_22-45-53-768x404.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>&#x1f31f;It&#8217;s a Great\nand Impressive Opening&#x1f31f;<\/p>\n\n\n\n<p>We are Now Live on BSC\nMainnet&#x1f389;<\/p>\n\n\n\n<p>Oddz is elated to\nannounce that <\/p>\n\n\n\n<p>1M+ $ODDZ &amp; 250k+\nUSDC are already locked on Oddz Mainnet in just 3 hours&#x1f525;<\/p>\n\n\n\n<p>Stake your oUSD and\n$ODDZ tokens on Oddz to get some juicy APY&#x1f911;<\/p>\n\n\n\n<p>&#x2b50;&#xfe0f;Stake $ODDZ Here: <a href=\"https:\/\/app.oddz.fi\/options\/staking\">https:\/\/app.oddz.fi\/options\/staking<\/a>\n<\/p>\n\n\n\n<p>&#x1f4b0;Provide\nLiquidity: <a href=\"https:\/\/app.oddz.fi\/options\/liquidity\">https:\/\/app.oddz.fi\/options\/liquidity<\/a>\n<\/p>\n\n\n\n<p>&#x1f517;Link: <a href=\"https:\/\/app.oddz.fi\/\">https:\/\/app.oddz.fi\/<\/a> <\/p>\n\n\n\n<p>&#x1f4da;Read more: <a href=\"https:\/\/bit.ly\/3lkaqdx\">https:\/\/bit.ly\/3lkaqdx<\/a> &nbsp;&nbsp;<\/p>\n\n\n\n<p>&#x1f501;Retweet: <a href=\"https:\/\/twitter.com\/oddz_finance\/status\/1437460824545660930?s=21\">https:\/\/twitter.com\/oddz_finance\/status\/1437460824545660930?s=21<\/a>\n<\/p>\n\n\n\n<p>Kudos! Keep Trading.<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> This is in just 3 hours of launch&#x1f525;<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Amazing&#x1f929;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> coming back to the partnership, we will\nbe focusing more on integration front. We will enable insuring the user&#8217;s\nposition from user wallet dApps, and from various decentralized exchanges going\nforward rather than strategic partnerships<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Congratulations excellent milestone&#x1f973;<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> you did an incredible job&#x1f44f;<\/p>\n\n\n\n<p>Don&#8217;t miss great\nopportunity Satoshi Club &#x2764;&#xfe0f;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> We already made quite a few\npartnerships and the integration will take place in next few weeks. You will\nsee Oddz on more and more platforms soon<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> I don&#8217;t even doubt it! you fly\nlike a rocket to the moon&#x1f680;<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Do you have any staking\/farming\nprogram?<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> yes, there will be a juicy APYs\nthroughout this month for liquidity providers and for users who stake oddz\ntokens<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong><\/p>\n\n\n\n<p>[Forwarded from Oddz\nOfficial Announcements]<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"474\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-09-16_20-57-35-1024x474.jpg\" alt=\"\" class=\"wp-image-12464\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-16_20-57-35-1024x474.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-16_20-57-35-300x139.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-16_20-57-35-768x356.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-16_20-57-35.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>&#x1f4b0;APY is still\njuicy, Don&#8217;t miss a chance&#x1f911;<\/p>\n\n\n\n<p>&#x1f6a8;Provide\nLiquidity and Stake oUSD, Stake $ODDZ and Earn Rewards&#x1f6a8;<\/p>\n\n\n\n<p>&#x1f525;Enjoy 1205%+\nAPY by providing liquidity on Oddz Platform<\/p>\n\n\n\n<p>&#x1f4b0;Provide Liquidity here:<a href=\"https:\/\/app.oddz.fi\/options\/liquidity\"> https:\/\/app.oddz.fi\/options\/liquidity <\/a><\/p>\n\n\n\n<p>&#x1f525;111%+ APY for\nOddz Staking is also live<\/p>\n\n\n\n<p>&#x1f4ab;Stake $ODDZ here:<a href=\"https:\/\/app.oddz.fi\/options\/staking\"> https:\/\/app.oddz.fi\/options\/staking <\/a><\/p>\n\n\n\n<p>&#x1f517; Link: <a href=\"https:\/\/app.oddz.fi\/\">https:\/\/app.oddz.fi\/<\/a><\/p>\n\n\n\n<p>Enjoy all the perks &#x1f389;<\/p>\n\n\n\n<p>&#x1f4da; Read More: <a href=\"https:\/\/bit.ly\/3lkaqdx\">https:\/\/bit.ly\/3lkaqdx<\/a> &nbsp;&nbsp;<\/p>\n\n\n\n<p>&#x1f5e3; Retweet: <a href=\"https:\/\/twitter.com\/oddz_finance\/status\/1438520413206683654?s=21\">https:\/\/twitter.com\/oddz_finance\/status\/1438520413206683654?s=21<\/a>\n<\/p>\n\n\n\n<p>Happy Trading &#x1f31f;<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Wow high APY, don&#8217;t lose this\nopportunity to invest Satoshiclubbers&#x1f973;<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Great thanks &#x1f44c;<\/p>\n\n\n\n<p><strong><em>Q4 from Telegram User\n@DK177 <\/em><\/strong><\/p>\n\n\n\n<p><strong>Explaining\nthe reasons for choosing Oddz, you have mentioned that you have zero gas fees.\nDoes this mean that we don\u2019t have to pay any extra fee when performing\nwithdrawals? Can you please explain how did you develop a model to offer zero\nfees? Further, please let us know about your platform related fees if there are\nany. I am asking this because there is no use of the feature of zero gas fee if\nyou have imposed any other fees.<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Will explain this one by one &#8211; 1. Zero\ngas fee explaination -we submit our smart contract to a relayer network which\nuses native meta transactions to execute transactions with minimal gas fee,\nwhere Oddz will cover the gas fee so technically users will not be paying any\ngas fee.<\/p>\n\n\n\n<p>Here is the detailed explanation: <a href=\"https:\/\/medium.com\/oddz-finance\/oddz-protocol-introduces-zero-gas-fees-transactions-to-drive-widespread-defi-adoption-21eb7bae5e33\">https:\/\/medium.com\/oddz-finance\/oddz-protocol-introduces-zero-gas-fees-transactions-to-drive-widespread-defi-adoption-21eb7bae5e33<\/a><\/p>\n\n\n\n<p>There will be a\nprotocol transaction fee when users buy options,<\/p>\n\n\n\n<p>Similar to the way\nAmazon gives discounts for prime customers, we want to make sure users&nbsp; who trade regularly on Oddz platform will\nhave a way to get discounts in the protocol transaction fee.<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> this is a very good detailed\narticle<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"875\" height=\"492\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-09-16_21-51-20.jpg\" alt=\"\" class=\"wp-image-12463\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-16_21-51-20.jpg 875w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-16_21-51-20-300x169.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-09-16_21-51-20-768x432.jpg 768w\" sizes=\"(max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Thanks for explain it, it was a very\ncommon question, about how you provide zero fees<\/p>\n\n\n\n<p>@Aishwarya_hs would you\nlike to add something before the next question?&#x1f603;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> If there are any more queries regarding\nzero gas fee, please feel to ask<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> @GoldRocket27 any additional question\nabout it?<\/p>\n\n\n\n<p>At the moment is clear\nfor me&#x1f601;, I think we can go, 5th question is knocking the door<\/p>\n\n\n\n<p>Time to talk more about\nan interesting product of Oddz mentioned at the beginning<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Everything is clear to me! The\nanswer was flawless&#x1f44f;<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Indeed<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram User\n@Jmagsss<\/em><\/strong><\/p>\n\n\n\n<p><strong>One\ninteresting feature\/product that Oddz Finance will be offering had caught my\nattention is your upcoming \u201cConditional Token\u201d. It allows users to create and\ntrade tokens based on any events that will produce a definite outcome like\nelections, sports and many more. Only limited information are available for\nthis feature on your website, so can you explain to us here, how will your\nConditional Markets and Token work? Will it be like a betting site where the\noutcomes will always fall in either a win, lose and or a draw? How can users\nprofit from this token? Also, when do you plan to release this product?<\/strong><\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Partially answered. But I think\nour guest has something to add&#x1f60a;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Yes, we rather call it a prediction\nmarket where people can buy either a Yes token or No token for any event. Users\ncan themselves create questions<\/p>\n\n\n\n<p>Based on the outcome of\nthe event (protocol will verify the outcome from the trusted oracle) and\nwinner&#8217;s token value will double as the loser&#8217;s token will lose its value<\/p>\n\n\n\n<p>more on this will be\nupdated soon on the website as we are revamping our website along with more\ndetails on Options, Perp, and conditional tokens<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> when do you plan to release this\nproduct?\u200c\u200c<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> And could you share us your roadmap?\nWhat other interesting product or event do you have prepared for the near\nfuture?<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> This quarter we are focusing more on\nintegrations front. Vision is to ensure Oddz will be used as a insurance\nproduct for anyone buying\/selling ETH\/BTC on various products<\/p>\n\n\n\n<p>post that, we will\nrelease the Perp, and conditional tokens. I would say later this year we will\nhave all these products ready to be on mainnet<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Thank you very much for sharing&#x1f60a;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Updated roadmap will be shared soon:)<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> We will be waiting for it. Don&#8217;t forget\nto share it with our community&#x1f603;<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Definitely&#x1f4ab;<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> Thank you so much. Time to go with the\nfinal question of this first part of the AMA<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> I think I have answered this earlier,<\/p>\n\n\n\n<p>There will be guides,\ntutorials, videos etc <\/p>\n\n\n\n<p>From basic to advanced\nexplainations.<\/p>\n\n\n\n<p>For now the content\nwill be in English, in future we can plan for different languages based on the\nrequests.<\/p>\n\n\n\n<p>Academy is absolutely\nfree for all our users:)<\/p>\n\n\n\n<p>Yes, partially covered\nand thanks for disclose it &#x1f603;<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> it is a very noble task to raise\nthe level of education of users&#x1f64c;<\/p>\n\n\n\n<p><strong>Andr\u00e9s\nM. | Satoshi Club:<\/strong> That makes 6\/6 questions answered,\ngreat job &#x1f973;<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Now get ready for the most\nimpressive part of our AMA! Live questions! &#x1f680;&#x1f680;&#x1f680;<\/p>\n\n\n\n<p>before that if you want\nyou can share useful links with our community<\/p>\n\n\n\n<p><strong>Aishwarya\nShivakumar || Oddz:<\/strong> Website: <a href=\"https:\/\/oddz.fi\/\">https:\/\/oddz.fi\/<\/a>\n&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/oddz_finance\">https:\/\/twitter.com\/oddz_finance<\/a> &nbsp;&nbsp;<\/p>\n\n\n\n<p>Telegram Chats: <a href=\"https:\/\/t.me\/oddz_finance\">https:\/\/t.me\/oddz_finance<\/a> <\/p>\n\n\n\n<p>Telegram Announcements:\n<a href=\"https:\/\/t.me\/oddz_fi_announcements\">https:\/\/t.me\/oddz_fi_announcements<\/a>\n<\/p>\n\n\n\n<p><strong>Gold\nRocket | Satoshi Club:<\/strong> Thanks!<\/p>\n\n\n\n<p>Let&#8217;s start!<\/p>\n\n\n\n<h2><strong>Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Q1 from telegram username @SHELBYWINAMA<\/em><\/strong><\/p>\n\n\n\n<p><strong>What does the name ODDZ mean? is there a story about\nthat name? And what is the main reason you named ODDZ for your project? Is ODDZ\na person&#8217;s name? Can you tell me?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz: <\/strong>Oddz is the definition for opportunities and growth<\/p>\n\n\n\n<p>Since options and\nderivatives are more of opportunities for growing ones portfolio by either\nspeculation or hedging their positions, we named it Oddz<\/p>\n\n\n\n<p><strong><em>Q2 from telegram username @doithay1617<\/em><\/strong><\/p>\n\n\n\n<p><strong>What will be the next Chain after Polygon testnet\nand BSC mainnet?<\/strong><\/p>\n\n\n\n<p><strong>@Aishwarya_hs<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz: <\/strong>Our next chain will be on ethereum then Avalanche\nand solana<\/p>\n\n\n\n<p><strong><em>Q3 from telegram username @Zohaya<\/em><\/strong><\/p>\n\n\n\n<p><strong>What are the benefits of staking and mining\nliquidity? Is there a maximum amount we can stake to receive rewards?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz <\/strong>: <a href=\"https:\/\/medium.com\/oddz-finance\/how-to-earn-by-providing-liquidity-on-oddz-d7a945832b0d\">https:\/\/medium.com\/oddz-finance\/how-to-earn-by-providing-liquidity-on-oddz-d7a945832b0d<\/a>\n<\/p>\n\n\n\n<p><strong><em>Q4 &nbsp;from telegram username @Tahsinahmetteth<\/em><\/strong><\/p>\n\n\n\n<p><strong>Have you done the Oddz smart contract audit? Can you\nshare with us?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz <\/strong>: &#x1f4cd;Oddz completes its auditing from two\nleading Security firm PeckShield and Slowmist.<\/p>\n\n\n\n<p>&#x1f4cd;Audit report\nby PeckShied,<\/p>\n\n\n\n<p>&nbsp;Read here: <a href=\"https:\/\/bit.ly\/3g4pUkf\">https:\/\/bit.ly\/3g4pUkf<\/a>\n<\/p>\n\n\n\n<p>&#x1f4cd;Audit report\nby Slowmist<\/p>\n\n\n\n<p>Read here:&nbsp; <a href=\"https:\/\/bit.ly\/3AuGJfV\">https:\/\/bit.ly\/3AuGJfV<\/a>\n<\/p>\n\n\n\n<p><strong><em>Q5 &nbsp;from telegram username @ethcyberpunk<\/em><\/strong><\/p>\n\n\n\n<p><strong>What kind of oracles are you using in oddz? one\nbuilt by yourselves or do you use a third party like chainlink?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz <\/strong>: For now, we are getting price feed from Chainlink\n&#8211; <a href=\"https:\/\/oddz-finance.medium.com\/oddz-to-integrate-chainlink-implied-volatility-data-feeds-7371155ee23\">https:\/\/oddz-finance.medium.com\/oddz-to-integrate-chainlink-implied-volatility-data-feeds-7371155ee23<\/a>\n<\/p>\n\n\n\n<p><strong><em>Q6 from telegram username @Einsteinyl<\/em><\/strong><\/p>\n\n\n\n<p><strong>You have create $ODDZ token but I&#8217;m still not fully\nunderstand about how the function of that token. Kindly to mention in here all\nthe usecase of your token? What the benefit by HODL them?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz <\/strong>: The $ODDZ token holders represent an integral part\nof the Oddz ecosystem, thus voting on various decisive moves and proposals for\nthe protocol&#8217;s growth. Moreover, the primary motive of Dapps is to fuel the\ndecentralization of authority; thus, the community holds a substantial bar in\ndriving this.<\/p>\n\n\n\n<p>Transaction fees:\nPlatform users can employ an $ODDZ token to facilitate transactions in a\nseamless manner.<\/p>\n\n\n\n<p>Staking: Users can\nstake $ODDZ tokens on the Oddz protocol in an attempt to earn higher yields,\nthus maximizing returns. Tech-savvy traders also employ various yield farming\nstrategies to earn greater returns. <\/p>\n\n\n\n<p>Governance: Users can\nstrongly support or disregard protocol proposals through community votes\ndepending on the rationality of the same.<\/p>\n\n\n\n<p>Referral bonus: If the\nuser extends the platform&#8217;s support by spreading the word, they are entitled to\nreferral bonuses.<\/p>\n\n\n\n<p><strong><em>Q7 from telegram username @AgenciaATM<\/em><\/strong><\/p>\n\n\n\n<p><strong>&#x1f7e3; What would be Oddz Finance&#8217;s mission for\nthe financial future? What do you think could be the greatest achievement of\nthis platform? Tell us a little about it<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz :<\/strong>when it comes to DeFI and derivatives, we want to be\nthe RobinHood<\/p>\n\n\n\n<p>meaning, we want to make\nsure, we build the softwares for users ranging from Novice to Experienced both\nin terms of innovation and user experience<\/p>\n\n\n\n<p>cover both the retail\nand institutional users<\/p>\n\n\n\n<p><strong><em>Q8 &nbsp;from telegram username @KevSalom<\/em><\/strong><\/p>\n\n\n\n<p><strong>&#x2747;<\/strong><strong>&#xfe0f; How does the Oddz platform\ncalculate our profit on each trade or premium? What things influence our\nwinning percentage? The liquidity of the pair? The type of market?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz: <\/strong>Generally any options premium is calculated by any\nof the popular mathematical model.<\/p>\n\n\n\n<p>We use Black scholes\nmodel and there will be a provision for changing this price model to anything\nelse such as binomial model.<\/p>\n\n\n\n<p>Implied volatility for\nthe underlying asset, Current price, Expiry and Strike price are the driving\nfactors of this models. Since we use the same formula while the user is buying\nas well as selling\/exercising the options, it will be highly transparent.<\/p>\n\n\n\n<p><strong><em>Q9 &nbsp;from telegram username @jazzmusic2000<\/em><\/strong><\/p>\n\n\n\n<p><strong>What are the reasons that led you to choose Binance\nSmart Chain as the framework to build Oddz? What features does this chain have\nthat make it ideal for binary options?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz <\/strong>: As we are already aware of, transaction gas fee on\nBinance smart&nbsp; chain is way\ncheaper.especially with relayers, it becomes even cheaper<\/p>\n\n\n\n<p>Like all the\ncentralized exchanges, there will be a small protocol transaction fee that we\ncollect from users when they trade. So we will use this protocol transaction\nfee to compensate the user&#8217;s gas fee &#x1f642;<\/p>\n\n\n\n<p><strong><em>Q from telegram username @mobilejii<\/em><\/strong><\/p>\n\n\n\n<p><strong>&#x2705;&#x2705;Have you raised any funds in the past? How\nsuccessful is your project and any Audit been done for investor Trust and\nsecurity?<\/strong><\/p>\n\n\n\n<p><strong>Aishwarya Shivakumar || Oddz <\/strong>: <a href=\"https:\/\/oddz-finance.medium.com\/oddz-finance-raises-2-6m-5bce118f231b\">https:\/\/oddz-finance.medium.com\/oddz-finance-raises-2-6m-5bce118f231b<\/a>\n<\/p>\n\n\n\n<h2><strong>Part 3 \u2013 Quiz Results<\/strong><strong><em><\/em><\/strong><\/h2>\n\n\n\n<p>As usual, for the third\npart, Satoshi Club Team asked the chat 4 questions about the crypto project. A\nlink to a Quiz form was sent into the chat.<\/p>\n\n\n\n<p><strong>For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n<p>English Telegram group: <a href=\"https:\/\/t.me\/Satoshi_club\/\">https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n<p>Russian Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\/\">https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n<p>Spanish Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\/\">https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n<p>Chinese Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_cn\/\">https:\/\/t.me\/satoshi_club_cn\/<\/a> <\/p>\n\n\n\n<p>Indonesian Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_indonesia\/\">https:\/\/t.me\/satoshi_club_indonesia\/<\/a> <\/p>\n\n\n\n<p>Telegram Channel: <a href=\"https:\/\/t.me\/satoshi_club_channel\/\">https:\/\/t.me\/satoshi_club_channel\/<\/a> <\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/realsatoshiclub\/\">https:\/\/twitter.com\/realsatoshiclub\/<\/a> <\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our\npartners:<\/strong><\/p>\n\n\n\n<p>Telegram:\n&nbsp;<a href=\"https:\/\/t.me\/oddz_finance\">https:\/\/t.me\/oddz_finance<\/a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/p>\n\n\n\n<p>Twitter:\n<a href=\"https:\/\/twitter.com\/oddz_finance\">https:\/\/twitter.com\/oddz_finance<\/a>\n&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Oddz and our guest was @Aishwarya_hs. The AMA took place on 16 September The AMA session was divided into 3 parts with a total crypto reward pool of 500$ In [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":12374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/12462"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=12462"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/12462\/revisions"}],"predecessor-version":[{"id":12467,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/12462\/revisions\/12467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/12374"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=12462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=12462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=12462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}