START A SIP WITH ODDZ FINANCE TOKEN
Hi
Crypto has its roots in decentralization and staying true to the pioneering innovative spirit we now bring the decentralized SIP version of it for you all.
Bitbns listed ODDZ Finance recently and its trading is now live at the exchange. The ODDZ token is seen performing remarkably well in the last couple of years. The way it has grown is highly appreciable and a similar trend in performance is speculated.
Oddz Finance Overview
Oddz offers a seamless on-chain option trading solution with an in-built Oracle solution.
Makes your transactions more economical and viable with zero gas fees applied.
One can also Earn higher yields as liquidity providers and get incentivized as a data curator by staking Oddz tokens.
To perform a SIP in the trending token gets interesting and fun-based at Bitdroplet. ODDZ SIP is now available with any BEP20 tokens.
One can pair it with anything available on BSC as per their choice. So it could be USD, BUSD, WBNB etc.
Trade now: https://bitbns.com/trade/#/oddz/
Why start a SIP?
A decentralised version(SIP) gives you control over your funds. You no longer need to trust any intermediary for your funds. And it would keep operating irrespective of whatever happens — server outages, database failures or any other issues that might occur. One of the secular themes of this particular decade is that a lot of the centralised things including social networks like Twitter which is to be decentralised and those based on crypto. We are taking further steps towards decentralisation after having launched a launchpad with ascent and creating bns.finance. We now present you with a decentralised SIP which would be on multiple chains like Binance smart chain, ethereum and other chains. We are starting with the binance smart chain to offer users the benefit of low fees and faster transactions.
How does it work?
Tutorial:
- Install metamask app or extension from https://metamask.io/
- Log in and take a backup of your keys on a paper (12 words seed phrase would be there)
- Go to How to configure binance smart chain on your metamask from this link
- Deposit Funds to your metamask wallet, using binance exchange or trust wallet. You can deposit BUSD/BNB/USDT on binance smart chain from binance or trust wallet.
- Now visit bitdroplet dapp & connect your wallet.
- You should be on BSC mainnet for the dapp to work.
7. You can see your Metamask wallet balance on the left & contract wallet balance on the right.
8. Go to the Explore tab & choose a pair from the predefined list of pairs to start SIP or you can create a custom pair also.
9. Fill in the SIP configuration, SIP Amount (amount of token you want to spend per installment) & frequency of installment.
10. Complete the 3 step process to start the SIP.
For example, you choose the ODDZ / USDT pair. Meaning Get ODDZ by giving USDT tokens.
Step 1: Allow the contract to spend a one-time fee (ODDZ token) & deposit the fee to the contract address. The one time fees on the binance smart network is 0.01 WBNB
Step 2: Allow contract to spend USDT token & also deposit USDT to contract address. You will choose how many installments worth USDT you want to deposit. For eg: 10 installments worth or 20, 30, etc. So that contract can continue SIP installments without running out of USDT. Ensure you deposit USDT or ODDZ only from binance smart chain address. The minimum ODDZ that you need to maintain is 0.05 ODDZ. If the balance ever goes below that your SIP would stop.
Step 3: Approval step to start your SIP.
11. Your current SIPs will be shown on the home page under Your SIPs card.
12. Use the Deposit tab to deposit tokens to the contract wallet.
13. Use the withdrawal tab to withdraw tokens from the contract wallet to your metamask wallet.
Follow the video: https://youtu.be/m8_omN_v_L4
Benefits of the SIP:
How does it correlate to the BNSD ecosystem?
You can pay fees by BNSD on the SIP. This would be added in the next iteration of the contract.
20% of the fees collected from the SIP would be used for buying BNSD forever. Month wise users would be able to see the fees burnt. As volume scales on the SIP front on the decentralised version, this is going to create a perpetual buy pressure on BNSD.
We have worked a lot in optimising the slippage to the minimum. The contract efficiently figures out the path of minimum slippage and provides a seamless option for users to make a SIP using stable coins like USDT and BUSD.
And the biggest surprise is that now you can do SIP in anything. In any coin of your choice. We have already created pairs for the top 20 coins which can be found here. The recent listing was for the ODDZ Finance token and the SIP is now available.
Not just this you can also do custom SIP using the custom pair option below
This is a true game-changer for firm believers of a particular token. Imagine you have tokens of a particular coin and you want to hold them but at the same time get exposure to some other token you can use to SIP into a new token.
Working towards a decentralized future! We are the world’s first decentralised SIP platform.
Onwards and upwards
Team Bitbns
