There are numerous establishments of markets that offer multitudes of trading products. Spot trading, futures, margin, derivative trades, and Options are among the popular “products” to trade in financial markets. Options trading has not been widely adopted in the cryptocurrency space. Not too many platforms offer Options trading, both in Centralized and Decentralized Exchanges (CEX & DEX). Oddz Fi will be among the few platforms that allow users to trade Options and allow traders of multiple chains to connect the platform in a decentralized environment.
Oddz Fi is the multichain Options trading platform providing a simple, decentralized, and secured Options trading. Oddz caters a seamless UI/UX experience to the increasing number of DeFi users. The Options market is part of the derivative markets. Crypto derivatives have seen continuous growth since the entire DeFi boom in late last year. Surprisingly it’s one of few markets that have experienced quality optimization. Options markets have gotten muted attention. They still pose some challenges to users due to the complexity of operation in platforms offering such services.
The Oddz Fi protocol will offer users a sleek and intuitive decentralized derivate interface. Its features will expedite financial primitiveness, including call and put options, conditional markets, and swap contracts.
Key features of the platform include;
The various project features set aside the Oddz Fi platform from existing solutions already prevalent in the market. The current derivatives market’s growth is mainly due to an increase of Dapps and interest in crypto option markets. The Oddz Fi team believes that a much better approach will lead to further market growth.
Simple interface: A growing concern for most users is the complexity encountered with dominant Options trading platforms in existence. Oddz Fi solves this problem by providing an easy-to-use, clutter-free interface that anyone can start using immediately. A simplified UI/UX is one step towards increasing the rate of adoption.
Multichain trades: The platform is built within three blockchain interoperations, Binance Smart Chain (BSC) Network, Ethereum, and Polkadot chains. Being a blockchain-agnostic protocol, Oddz Fi will allow for seamless integrations with various Defi applications and facilitate multichain trades. Users do not have to move over to a specific chain to carry out Options trading activities, as witnessed in already established solutions.
In-built Oracle: Users do not have to rely on external price feeds for price data. Oddz Fi has already integrated an in-built oracle into its protocol for accurate and reliable data.
Zero gas fees: The integration of multichain will reduce gas fees that have been prevalent for some time in legacy blockchain like Bitcoin and Ethereum. Oddz Fi will enhance users’ experience by making transactions cost-effective and economical. No longer will users have to spend tonnes of resources to carry out Options trading.
AMM Pool: The platform integrates a USD pegged stable coin liquidity pool to stabilize price volatility occurring within assets in the protocol. Users will have some semblance of price stability when carrying out operations.
Customized Option platform: Oddz Fi will offer users a high degree of customization and the benefit of tweaking their automated Options as per their input preference, thus resulting in a high degree of personalization.
Governance: Oddz Fi protocol users will have increasing decision-making processes within the protocol and have their say in future upgrades and additions to the oracle and protocol.
Fractional Trades: Oddz Fi allows traders with low earning power to carry out fractional trades. Allowing traders to chip in smaller amounts of trades will lower the barrier of entry into Options trading.
The platform overhauls the traditional operations using the decentralized approach with its cutting-edge technology and features that stand it out from other existing decentralized protocols already in operation. For example, its Call and Put Options, Exercise Option Flow, and Liquidity Pool are complete revamp of existing solutions:
Users of the platform will have improved earning opportunities when they engage their tokens in Liquidity Provision and Staking to earn rewards.
Conditional Tokens: Oddz Fi also allows users to create and trade conditional tokens for any events with specific outcomes, e.g., political or sports events.
Perpetual Tokens: Users will be able to trade leverage tokens depending on their positions, whether long or short, with transparent price calculations and high liquidity.
Due to its overwhelmingly simplified approach to Options Trading, the protocol has been into several strategic partnerships since it’s over $2 million raised from strategic investors in February, which saw private and seed funding from Seasoned investors and entrepreneurs. Including Frontier, Etiënne (TRGC), Polygon previously Matic Network, Tushar Aggarwal of Persistence.One, Unilend Finance) and Aniket Jindal from Biconomy.
Partnership with ZeroSwap multichain Dex integrates its Option trading protocol in the multichain Dex by leveraging the multi-chain Dex protocol’s power.
Partnership with NGC Ventures, a leading investment firm with offices in Singapore, Shanghai, and San Francisco. The firm lends its support to the decentralized Option trading firms as it highlights crucial areas, Oddz Fi ecosystem is attempting within the Defi landscape.
$ODDZ is the utility token of the platform. The token is the centralized form of the incentivization and governance structure of Oddz Fi.
You can find comprehensive breakdowns of the tokenomics and distribution here.
The bulk of the roadmap has already been achieved and implemented. We are currently in the first part of the Q1 development phase of the plan; after TGE, liquidity mining, staking, and the trading platform will follow.
Thus, a look into Q2 and Q3 2021 will bring about much of the implementation of the platform’s cutting edge features:
The release of its custom oracle for price feeds is the most anticipated. Most platforms use the famous Chainlink oracle which has reported high success in providing reliable price data. A release of its custom oracle will increase the Oddz protocol’s value and potentially become well sought after by other platforms for integration.
The Polkadot network is one of blockchain’s fastest-growing networks. Cross-chain integration is a smart move by the team to capture a growing blockchain and its increasing mass of users. This is one of the team’s core value-driven strategies. Especially as it already has cross integration with Ethereum and Binance Smart Chain networks.
Making Options trading seamless, less complex, and decentralized will drive more adoption. Options trading is relatively new to the crypto space, especially as it hasn’t been presented engagingly by existing solutions. Oddz Fi aims to redefine Options trading using the decentralized system of the blockchain.
For users with interest to learn more about Oddz protocol trustless on-chain Option trading platform, the following resources will be useful;
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
.png)
MDEX is the decentralized exchange (DEX) platform built on Heco, the Huobi exchange blockchain. It is strategically positioned as the optimal choice for Eco-token transactions and the largest DeFi ecosystem with DEX, IMO, and DAO integration.
It is a decentralized exchange based on Automated Market Maker (AMM) technology on the HECO and Binance Smart Chain (BSC) with a tune of over $5 billion in total value locked. They aim to create cross-chain compatibility between leading chains to create a composite DEX ecosystem.
MDEX became the first project to integrate a dual mining mechanisms into its ecosystem. It utilizes a Liquidity and Transaction mining mechanism:
Liquidity Mining: Various liquidity pairs are available on its LP mining platform, including LP and single stakes. Currently, the platform holds one of the largest TVLs on the Heco chain. They offer a wide range of LP tokens available in the Heco ecosystem.
Its APYs are the largest on the Heco chain and quite competitive with other Dexes available in other chains. Users can start accessing the LP mining incentives and APYs by connecting to the pool.
Transaction Mining: MDEX is the first platform to integrate transaction mining which rewards users for transacting on the platform. By trading using the DEX, users get rewarded for all trade actions done on the DEX.
High APY revenue of transaction mining up till 26th Feb 2021 (source: mdex.com)
Decentralized Autonomous Organization (DAO): MDEX runs a DAO structure using its token MDX to achieve governance. MDX holders can propose to initiate a token listing by voting or collateralizing.
Initial Miner Offering (IMO): Similar to the Initial Coin Offering (ICO) on the Ethereum chain and the Initial Dex Offering (IDO) on BSC Dex chains, MDEX will standardize fundraising activities. Fundraising will be facilitated through its IMO platform. The token will help achieve a standard fundraising token based on the HT-IMO, the decentralized fundraising protocol on MDEX.
The platform is active with various incentives mechanism for its numerous LP pools, listings, and pairs. By interacting with its official Medium handle, can stay updated with the new pools, revised reward mechanisms, and new additions and information.
Four days ago, the platform passed its Certik audit, according to the team, “with flying colors.”
The project has a 93/100 score which shows a healthy indication of its codes and its platform features as safe for use.
MDX token distribution
The project is dubbed the “DeFi Golden Shovel” in Chinese cryptocurrency circles. The immediate roadmap plan is on achieving cross-chain interoperability with various chains.
The platform is looking prime to go multichain with the integration of top chains such as BSC and ETH to achieve a multi-chain era in DEX. According to its released Medium post:
“MDEX will gradually support ETH (layer 2 network), BSC, OKExChain, DOT, NEAR, and other public chains so that assets are inter-connected. In this way, we seek to build a pan-eco transaction protocol.”
On January 6, the project went online.
On January 19, liquidity mining & trading mining were open; the liquidity of the day reached US$275 million; and the transaction volume amounted to US$521 million.
On January 24 (18 days after its launch), the single-day transaction volume exceeded US$1 billion.
On February 1 (26 days after its launch), the liquidity exceeded US$ 1 billion.
On February 3, the Boardroom (Board of Directors) mechanism was launched, and the MDEX ecological fund, worth $15 million USD in MDEX was established.
On February 19, the single-day transaction volume exceeded US$2 billion.
On February 25th, MDEX ranked first in the CoinMarketCap global DEX rankings. It accounted for 53.48% of global DEX trading volume. The daily transaction volume reached a whopping $5 billion USD.
March 10 marked 51 days of MDEX being live. The cumulative transaction volume exceeded $100 billion USD.
On March 12, the total amount of repurchased and burnt MDX exceeded 10 million.
On March 16, MDEX Version 2.0 was released.
On March 18, the 24-hour transaction volume exceeded US$2.2 billion.TVL exceeded US$2.3 billion which builds a new record.
On March 19, in total 143 million MDX are distributed in the form of transaction mining subsidies + liquidity mining rewards, worth US$577 million.
The transaction fees over the first two months were over US$340 million. The platform's 7-day transaction fees rank 3rd, only after Bitcoin and Ethereum.
On Apr 8, Mdex launched on BSC, supporting single currency mining, liquidity mining, trading mining and asset cross-chain.
Within two hours of launch on Binance Smart Chain, the TVL of MDEX exceeded $1.5 billion. The total transaction volume exceeded $268 Million and the TVL on HECO and BSC is now over 5 billion.
The high transaction fees on the Ethereum saw a slice in ETH dominance. Many users in the DeFi sector have gravitated to other blockchain infrastructures like Huobi and Binance Smart Chain.
MDEX integration of other chains like ETH and BSC in the future will make it a multichain DEX service. It will offer unique features like transaction mining and an increase in TVL. Due to the user incentive mechanism of transaction mining and repurchase rewards, MDEX currently has relatively low transaction costs, and users benefit from transactions. Overall, MDEX presents low fees, incentives for transactions, low slippage, and ever-increasing LP pairs will make the platform attractive to users and maintain its dominance as the leading DEX in the ecosystem.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
For those who wish to learn more about MDEX, check out the following resources and media pages:
bFolio will be the primary tool used by bEarn users to browse and manage their assets. It will be the dashboard upon which users can track their investment in bEarn Fi and other integrated platforms.
The tool is a smart Yield farming dashboard focusing on monitoring your profit performance throughout the platform and other partners. Users can more easily calculate the complicated Impermanent Loss associated with Liquidity Provision (LP) when investing in bEarn Fi and other projects. No more will users have to browse through several links, as all information will be in one glance.
For the initial launch, bEarn will integrate the following:
Users are able to propose and vote for the next projects to be added to bFolio!
The tool does not store user data, neither does it require user information for access. There is no need to signup or register; simply connect and use. Data is fetched from the blockchain and Bscscan, connecting on the first interaction with the tool.
Connect to the platform in the following steps:
For users:
For projects:
bEarn Fi is a cross-chain product in Decentralized Finance (DeFi). The project provides Yield generation, algorithmic stablecoin, gaming aggregation, bridge, treasury, and governance on multiple chains: Binance Smart Chain blockchain (BSC) and Ethereum blockchain.
The platform features include a governance vault where governance stakers receive 50% of all games profit, 20% of vault farming rewards, and BFI rewards (up to 60% APY).
The bFolio tool will allow users to interact with their wallet on a more organized level and track their portfolio performance both on the bEarn Fi platforms and other partner protocols with a straightforward and easy approach.
Making Options trading seamless, less complex, and decentralized will drive more adoption. Oddz Fi aims to redefine Options trading using the decentralized system of the blockchain.
There are numerous establishments of markets that offer multitudes of trading products. Spot trading, futures, margin, derivative trades, and Options are among the popular “products” to trade in financial markets. Options trading has not been widely adopted in the cryptocurrency space. Not too many platforms offer Options trading, both in Centralized and Decentralized Exchanges (CEX & DEX). Oddz Fi will be among the few platforms that allow users to trade Options and allow traders of multiple chains to connect the platform in a decentralized environment.
Oddz Fi is the multichain Options trading platform providing a simple, decentralized, and secured Options trading. Oddz caters a seamless UI/UX experience to the increasing number of DeFi users. The Options market is part of the derivative markets. Crypto derivatives have seen continuous growth since the entire DeFi boom in late last year. Surprisingly it’s one of few markets that have experienced quality optimization. Options markets have gotten muted attention. They still pose some challenges to users due to the complexity of operation in platforms offering such services.
The Oddz Fi protocol will offer users a sleek and intuitive decentralized derivate interface. Its features will expedite financial primitiveness, including call and put options, conditional markets, and swap contracts.
Key features of the platform include;
The various project features set aside the Oddz Fi platform from existing solutions already prevalent in the market. The current derivatives market’s growth is mainly due to an increase of Dapps and interest in crypto option markets. The Oddz Fi team believes that a much better approach will lead to further market growth.
Simple interface: A growing concern for most users is the complexity encountered with dominant Options trading platforms in existence. Oddz Fi solves this problem by providing an easy-to-use, clutter-free interface that anyone can start using immediately. A simplified UI/UX is one step towards increasing the rate of adoption.
Multichain trades: The platform is built within three blockchain interoperations, Binance Smart Chain (BSC) Network, Ethereum, and Polkadot chains. Being a blockchain-agnostic protocol, Oddz Fi will allow for seamless integrations with various Defi applications and facilitate multichain trades. Users do not have to move over to a specific chain to carry out Options trading activities, as witnessed in already established solutions.
In-built Oracle: Users do not have to rely on external price feeds for price data. Oddz Fi has already integrated an in-built oracle into its protocol for accurate and reliable data.
Zero gas fees: The integration of multichain will reduce gas fees that have been prevalent for some time in legacy blockchain like Bitcoin and Ethereum. Oddz Fi will enhance users’ experience by making transactions cost-effective and economical. No longer will users have to spend tonnes of resources to carry out Options trading.
AMM Pool: The platform integrates a USD pegged stable coin liquidity pool to stabilize price volatility occurring within assets in the protocol. Users will have some semblance of price stability when carrying out operations.
Customized Option platform: Oddz Fi will offer users a high degree of customization and the benefit of tweaking their automated Options as per their input preference, thus resulting in a high degree of personalization.
Governance: Oddz Fi protocol users will have increasing decision-making processes within the protocol and have their say in future upgrades and additions to the oracle and protocol.
Fractional Trades: Oddz Fi allows traders with low earning power to carry out fractional trades. Allowing traders to chip in smaller amounts of trades will lower the barrier of entry into Options trading.
The platform overhauls the traditional operations using the decentralized approach with its cutting-edge technology and features that stand it out from other existing decentralized protocols already in operation. For example, its Call and Put Options, Exercise Option Flow, and Liquidity Pool are complete revamp of existing solutions:
Users of the platform will have improved earning opportunities when they engage their tokens in Liquidity Provision and Staking to earn rewards.
Conditional Tokens: Oddz Fi also allows users to create and trade conditional tokens for any events with specific outcomes, e.g., political or sports events.
Perpetual Tokens: Users will be able to trade leverage tokens depending on their positions, whether long or short, with transparent price calculations and high liquidity.
Due to its overwhelmingly simplified approach to Options Trading, the protocol has been into several strategic partnerships since it’s over $2 million raised from strategic investors in February, which saw private and seed funding from Seasoned investors and entrepreneurs. Including Frontier, Etiënne (TRGC), Polygon previously Matic Network, Tushar Aggarwal of Persistence.One, Unilend Finance) and Aniket Jindal from Biconomy.
Partnership with ZeroSwap multichain Dex integrates its Option trading protocol in the multichain Dex by leveraging the multi-chain Dex protocol’s power.
Partnership with NGC Ventures, a leading investment firm with offices in Singapore, Shanghai, and San Francisco. The firm lends its support to the decentralized Option trading firms as it highlights crucial areas, Oddz Fi ecosystem is attempting within the Defi landscape.
$ODDZ is the utility token of the platform. The token is the centralized form of the incentivization and governance structure of Oddz Fi.
You can find comprehensive breakdowns of the tokenomics and distribution here.
The bulk of the roadmap has already been achieved and implemented. We are currently in the first part of the Q1 development phase of the plan; after TGE, liquidity mining, staking, and the trading platform will follow.
Thus, a look into Q2 and Q3 2021 will bring about much of the implementation of the platform’s cutting edge features:
The release of its custom oracle for price feeds is the most anticipated. Most platforms use the famous Chainlink oracle which has reported high success in providing reliable price data. A release of its custom oracle will increase the Oddz protocol’s value and potentially become well sought after by other platforms for integration.
The Polkadot network is one of blockchain’s fastest-growing networks. Cross-chain integration is a smart move by the team to capture a growing blockchain and its increasing mass of users. This is one of the team’s core value-driven strategies. Especially as it already has cross integration with Ethereum and Binance Smart Chain networks.
Making Options trading seamless, less complex, and decentralized will drive more adoption. Options trading is relatively new to the crypto space, especially as it hasn’t been presented engagingly by existing solutions. Oddz Fi aims to redefine Options trading using the decentralized system of the blockchain.
For users with interest to learn more about Oddz protocol trustless on-chain Option trading platform, the following resources will be useful;
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
