The Oddz Protocol is a trusted on-chain options trading platform that accelerates the execution of call and put options contracts, conditional trades, and futures. It enables the fast, secure and flexible creation, maintenance, execution and settlement of trustworthy options contracts, conditional token contracts and futures contracts.
It uses the synergies of Ethereum, Binance Smart Chain and Polkadot to open up the potential market for decentralized derivatives. The focus is on developing solutions that can power the DeFi ecosystem by simplifying derivatives trading and improving the user experience.
Oddz Finance is partnering with a decentralized fundraising platform, Polkastarter, to drive the DeFi revolution.
With the idea of creating a seamless trading experience for derivatives options for users, Oddz is designed to redefine how derivatives markets work in a decentralized financial landscape. With the high level of intuitiveness and intriguing attributes, Oddz Finance is poised to lead the chartered territories by consolidating traditional finance models with DeFi to capture the wider spectrum of the DeFi market.
To turn the idea into a reality, Oddz Finance announced its IDO for public distribution so that community involvement can contribute to the vision of a general DeFi roll out. Hence, it has partnered with the leading cross-chain auction protocol Polkastarter. The public IDO will take place on March 18th on the leading platform and thus come one step closer to massive acceptance.
Users can participate in the IDO process by going through the whitelisting process at different stages to measure the efforts of early supporters. The whitelisting process for phase 1 for Polka starter IDO begins on March 5th at 12:00 UTC and ends on March 10th at 12:00 UTC. The second whitelist phase starts from March 13th at 12 noon UTC through March 14th at 12 noon UTC. ODDZ tokens worth $ 150,000 will be allocated on the Polkastarter platform for holders of POLS and non-POLS holders.
A random lottery method is used during the whitelisting phases to encourage fair participation. To delve deeper into the nuances of IDO and partnership, Oddz Finance gave a comprehensive overview of the entire process. To create a rich user experience and make trading options seamless, Oddz Finance works tirelessly to unlock the true potential of the DeFi landscape by leveraging technological innovation at its best.
The Public Distribution IDO is a major milestone for Oddz Finance on this expedition to create a revolution by providing ODDZ with a seamless gateway that opens the doors of decentralized finance for inexperienced users. The aim is to break through technical complexity so that users can learn and create awareness of the nuances of options trading. In the coming days the testnet and product development demos will be released, which will add to the overall growth of Oddz Finance.