Where to get ODIN Coin - the Native Currency of the World’s First Blockchain Private Messenger.
Disclaimer: I am not a financial advisor and am in no way suggesting investment strategies or advice of any kind.
Coin distribution model:
The ODIN Blockchain’s ‘genesis block’ started on September 28th, 2018 and the initial coin distribution took place in the form of a KYC (Know Your Customer) and AML (Anti Money Laundering) registration required claim portal. The motivating factor behind these choices can be traced back to Obsidian and the gross mishandling of that project. Since the coin would be distributed to ODN coin holding community members, the KYC/AML registration required portal was designed to act as a safeguard against bad actors who held a disproportionate amount of ODN. More on this can be read in the ODIN white paper under the ODIN Fair Coin Distribution subheading. There was no initial coin offering (ICO) or initial exchange offering (IEO) for ODIN coin.
Centralized versus Decentralized Exchanges:
Centralized cryptocurrency exchanges (CCE) use intermediaries for the exchange of digital currencies. This is done as a means of generating profit in return for providing a platform by which you can trade on. Centralized exchanges are often the starting point for those newly introduced to cryptocurrencies and include the usual suspects Coinbase, Binance, Bittrex, and Kraken among others. The pros of using a centralized exchange include usability, higher trade volume/liquidity, and in most cases some forms of Fiat (government issued currency such as USD, EUR, and JPY) on and off ramps.
Decentralized exchanges (DEX) aim to remove the third party intermediary reliance and provide a more secure experience for its users. Unlike centralized exchanges, the user is always in full control of their cryptocurrencies via private keys. However, while decentralized and theoretically more secure because of its distribution model, DEXs often (but not always) include user interfaces that many find confusing or difficult to use resulting in fewer users and thus lower trade volume/liquidity and do not include Fiat on and off ramps.
As always, it is recommended that you do thorough research as to the pros and cons of Centralized vs Decentralized exchanges and choose the option that makes the most sense for you.
Where can I get ODIN coin?
ODIN coin is currently listed on the following exchanges;
Altilly (CCE)
https://www.altilly.com/
“Altilly believes that users of cryptocurrency should be able to trade easily and quickly with other users. Currently there are no pre-set limits on how much you can exchange, deposit, or withdrawal; however, very large withdrawals may require additional time if those funds are stored in the safe or require manual approval. We do not require KYC from users who are low volume users (less than $5,000 equivalent in withdraws per day).” (https://www.altilly.com/page/aboutus)
Blocknet (Hybrid)
https://blocknet.co/
“Introducing Block DX, the first dApp built on the Blocknet Protocol. Block DX is the first true decentralized exchange that enables trading freedom for connected blockchains. Listing on Block DX is free and does not require permission or control.” (https://blocknet.co/)
Cryptobridge (DEX)
https://crypto-bridge.org/
“Trade Like Never Before — CryptoBridge is a gateway to the BitShares digital asset exchange and supports trading of an ever-growing variety of popular tokens and altcoins.” (https://crypto-bridge.org/)
Nova (CCE)
https://novaexchange.com/
“It is Good to Trade…Nova Exchange operates out of Sweden, which is located within the European Union. Our customers can trade in over 300 different digital assets. We are dedicated people that cover all the worlds time-zones, thus setting a high standard within the crypto world.” (https://novaexchange.com/)
Swift (CCE)
https://swiftex.co/
More information on Swift Exchange can be found at https://swiftex.co/.
I don’t currently feel comfortable with using exchanges, is there anywhere else I can get my hands on ODIN coin?
I’m glad you asked! The ODIN community has created a myriad of ways for you to get your hands on your first ODIN coins without joining any exchanges. Come participate in our community and take advantage of the built-in tipping function provided on the ODIN official discord at https://discord.me/odinblockchain. The community has been known to be very generous in tipping newcomers who actively participate in helping contribute to the future of all things ODIN. In addition to the integrated tipping function, ODIN society will soon have a series of bounties that will reward our community members for their ongoing support.
Now that I have acquired ODIN coin, where do I store it?
With the launch of odin.chat on Android via the Google Play Store and ODIN-QT wallet for Windows, Linux, and Mac the end user can already participate in the ecosystem across most mainstream platforms.
ODIN-QT wallet:
https://github.com/odinblockchain/Odin/releases/tag/v1.4.2
Odin.chat:
https://odin.chat/
I’m very interested in ODIN. Where can I learn more?
Engage with Odin Society today at
https://www.instagram.com/odinblockchain/
https://twitter.com/odinblockchain/
https://discord.me/odinblockchain
