$ODDZ: A comprehensive breakdown of Tokenomics and Distribution details

Introduction to Oddz Protocol

Oddz Protocol is a trustless On-Chain Option trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional token agreements, and futures contracts in a fast, secure, and flexible manner.

Oddz Protocol’s ongoing mission is to develop smart and intuitive products that drive the derivatives markets in the DeFi sphere. In this article, we will be laying out details about the token and incentivization structure encompassing the $ODDZ token.

To understand more of Oddz Protocol and its unique value propositions, please have a look here or visit our website http://oddz.fi/.

What is $ODDZ?

The $ODDZ is the native utility token representing the Oddz Protocol and its ecosystem. The token is the central point of the incentivization structure on the Oddz Protocol and its governance models.

The Oddz platform users can employ the native token for various purposes such as

• Trade options and pay for protocol transaction fees
• Staking
• User-centric governance
• Reward mechanisms
• Referral bonuses.

The platform users will actively participate in major protocol proposals and upgrades, thus driving decentralized governance on the Oddz platform. The users can maximize returns by participating in staking mechanisms and employing high yield farming strategies

$ODDZ Tokenomics and Distribution structure

$ODDZ Token emission and distribution details:

Total $ODDZ supply will be 100,000,000 ODDZ

9.22% of the token supply will be released at TGE, with an initial market cap of $1,534,167

8,000,000 $ODDZ is allocated for Seed Sale at a price of $0.07.

15,800,000 $ODDZ will be allocated to private investors at a price of $0.12.

Strategic private investors’ tokens are vested for 12 months, with 15% released at the TGE. The remaining tokens will be linearly unlocked every quarter at a ratio of 15%, 20%, and 25%.

500,000 $ODDZ tokens are allocated to early supporters at $0.15 with a 100% unlock on the day of listing.

1,200,000 $ODDZ tokens will be allocated during the public sale at $0.167 without any locking period.

The Oddz Ecosystem will have 18,000,000 $OODZ allocated for future developments of the Oddz platform, technical updates, and community-oriented programs.

15,000,000 $ODDZ tokens will be allocated for staking rewards to increase participation from the community and drive the growth of the platform.

4,000,000 $ODDZ tokens will be allocated for the security and alignment fund.

10,000,000 $ODDZ tokens will be allocated for marketing purposes. 1,000,000 will be allocated during the TGE, and 300,000 tokens will be unlocked every month for a period of 30 months to fuel marketing operations. The reserve fund constitutes 10,000,000 $ODDZ tokens for future strategic needs, funding requirements, and product developments.1,000,000 $ODDZ tokens will be unlocked at the TGE, 300,000 tokens will be unlocked every month for a period of 30 months as reserves.

The founding team and Advisory board will be allocated 16,500,000 $ODDZ will a token vesting schedule of 3 years. 0% will be unlocked during TGE. Moving forth, 25% will be unlocked every six months after a 6 months cliff.

The Initial Circulating Supply of $ODDZ token will be 9,220,000 i,e 9.22% of the total aggregate supply. This would comprise 800,000 from seed investors, 2,370,000 from private investors, 1,700,000 from both early supporters and public sale, 1,800,000 from the ecosystem, 150,000 from Strategic rounds, 400,000 from Security & Alignment fund, 1,000,000 from marketing and 1,000,000 from reserves.

Fundraising

Oddz Finance raised $2.6M from prominent investors to build Multi-Chain Derivatives Trading Platform. Some reputed investors who took part in the funding rounds include Woodstock Fund, AU21, Krypital Group, X21, Amesten Capital, TRGC, NGC Capital, EX Network, Altonomy, Lotus Capital, Lumen Capital, Maha DAO, DAO Ventures, Fire Protocol among others.

In case of any queries or clarifications, reach us out at — info@oddz.fi

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