Introducing Oddz Token Utilities: Staking, Referral Bonus, Zero Gas Fee, and More — Accessible now at Oddz Trading Platform!
Oddz is delighted to announce its Token’s Primary Utilities
The native $ODDZ token has multiple utilities, including staking, user-driven governance, reward mechanism for token curators, referral bonuses, and rewards for expiring ITM(In The Money) options for liquidity providers.
It simplifies multi-chain option trades with the aim to capture the untapped potential in the on-chain derivatives markets. It facilitates in creating, maintaining, and settling options contracts, conditional tokens, and futures contracts in a safe and secure way.
Oddz Native Token: $ODDZ
The Oddz Protocol has its native token as $ODDZ, which is designed to incentivize and promote the community’s active participation.
The token is the essential issue of the boost structure on the Oddz Protocol and its administration models. The Oddz tokens are a representation of power and are central to the incentive structure and governance of the Oddz Protocol.
In this article, let us jump further into how the Oddz token is utilized to boost up the yields.
Staking
If a user is looking to hold funds in the crypto wallet, then the Oddz trading platform is the right place for users to perform staking and boost up their returns. Users can stake $ODDZ tokens in an attempt to earn higher yields, thus maximizing returns. Tech-savvy traders also employ various yield farming strategies to procure more returns.
Governance
The Oddz platform users will effectively take an interest in significant protocol proposals and recommendations where users can strongly agree or disregard the protocol proposals through community votes, in this way driving DeFi administration at the Oddz platform.
Protocol Transaction Fees
The protocol transaction fee is charged to users when performing transactions within the trading platform. Users are required to pay the expense to guarantee their cryptographic money moves show up in an ideal way. At Oddz trading platform, users who hold $ODDZ are eligible for a discounted protocol transaction fee.
Referral bonus
At Oddz, Users are rewarded when they extend the platform’s support by propagating Oddz. Referring friends and family at Oddz fetches exciting bonuses to the users.
Zero Gas Fee
The rising transaction costs for complex on-chain trading contracts have rapidly increased customer worries. Due to the detonating action on the blockchains, it is hard to profit from market instability. Oddz Protocol embraces a zero gas charge model that facilitates exchanges without bothering users with crazy gas expenses or network latencies.
Oddz Protocol amplifies user options trading occurrences by making it conservative and financially savvy.
Conclusion:
Oddz token utilities help users to enjoy seamless trading by allowing them to indulge in a versatile user experience. $ODDZ, in all its forms whether ERC20 or BEP20, serves a plethora of use cases including Transaction Fees, Staking Rewards, Governance, and Referral bonus. The token holders would therefore benefit by maximizing their returns through the incentives earned. Please click here to access the token emission and distribution details.
About Oddz Finance
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 tokens agreements, and futures contracts in a fast, secure, and flexible manner.
It employs the synergies of Ethereum, Binance Smart Chain, and Polkadot to unleash the potential decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.
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