Oddz — Avalanche Mainnet Carnival is Live

Published in

oddz finance

5 min readFeb 14, 2022

Win Up To $100,000 worth $ODDZ tokens in the Carnival

Following the successful completion of Oddz’s incentivized testnet and Mainnet on Avalanche, we are excited to announce the mainnet carnival is now live on the Avalanche network. Note that $100k worth of Oddz tokens is allocated for this trading competition. We insist that everyone participate actively in this leaderboard challenge and make the most of it.

So, Buy your favorite options and be eligible for massive rewards!!

Snapshots:

Huge Numbers for our Testnet
Trade your favorite options to win up to $100,000 in the Oddz Mainnet Carnival Competition.
Any doubts?? Ask us here: TG, DISCORD

Oddz Testnet — Successful Completion

Where do we even begin? So much has happened on our testnet, and the figures are mind-boggling. We hope you can digest the numbers because we couldn’t 👀

Okay, Jokes apart!

Our testnet on Avalanche commenced with the commencement of the new year (Don’t worry, it wasn’t a coincidence since we had planned everything ahead of time). We began the program on 10th January 2022 and concluded successfully by 31st January 2022. Everything went great with over 17,000 people participating in the testnet.

The program was special for us since we tested our options v2 version, which had two incredible features: the options strategy and secondary market. And, both the features played out well for us as we saw more than $5.8 billion in $AVAX options being traded on the Testnet in just three weeks along with $BTC and $ETH volumes hovering at $458 million and $206 million, respectively.

Moreover, our strategies generated a return of more than 200% for our traders (that too in just 3–4 weeks of time). We congratulate all of the traders who earned huge profits, and we also offer you another chance to outperform prior results with our mainnet. 200% in just a few weeks and another opportunity, your call!

Meanwhile, you may look at the astounding results we achieved in our testnet:

Note: Get some water as you may not be able to digest the numbers.

Yes!! We are talking billions. We are thankful to all the participants for making this happen. Also, it’s time now to move to our mainnet as we are presenting the same opportunity and would request every Oddzians to take part in the mainnet program.

Do not worry, we also have rewards for the mainnet participants. More information may be found in the section below.

Mainnet Carnival — Trade options and Win Up to $100,000

Rewards! Rewards! Rewards! Huge rewards!

To celebrate our Mainnet launch on Avalanche, we will be celebrating Oddz Mainnet Carnival starting from February 14, 2022, to April 25, 2022. The 10 week-long carnival will have lots of activities including a weekly leaderboard and other competitions. Furthermore, $10,000 in Oddz will be allocated for rewards every week, with a total of $100,000 allocated for ten weeks in total.

The weekly leaderboard competition will start at 14:00 hours UTC every Monday and end at 13.59.59 hours UTC on the Monday of the next week. As mentioned earlier, only $10,000 worth of Oddz rewards will be made available for grab every week. However, keep in mind that only 25% of the total will be distributed the first week and 12.5% the following weeks for a total of 6 weeks.

Rewards Distribution Example:

If you win $1000 worth Oddz in the first week then:

First-week end you get 25% * $1000 =$250
From the week 2 to the week 6 you get 12.5% every week : 12.5%*$1000 = $125 (where $125 * 6 weeks= $750)
So, $250(1st-week end) +$750 (next 6 weeks) = $1000

Eligibility for the Rewards

To be eligible for up to $10,000 per week, you must trade options with a minimum total worth of at least $500 or more. For example, If Dox trades options with total premiums worth $500 or more in the first week then he will be eligible for the rewards.

Q: How will the rewards be distributed if every trader purchases options worth $500 or more?

Here’s the math for you:

The $10,000 worth of weekly rewards will be divided by the total amount of premiums bought. For example, (total rewards allocated) / (total premium spent by the users) = Rewards

$10,000 / $20000 = $0.5

In simple words, this math conveys that for every $1 you spend you get $0.5 as the attached reward.

Get Set Go…..

This time we have changed the rule. And, to be eligible for rewards it’s just one simple rule i,e.

Buying call and put options on Easy and Customised Options with a total minimum of worth $500 or more.

But that is not all! We will continue educating you and will publish educational content on Oddz Academy along with several other interactive sessions once we’re on Mainnet.

More information and tutorials regarding the mainnet will be shared soon!

P.S (I’m the writer): I’m writing this quietly so that the team doesn’t notice. I wanted to let you in on a little secret: Oddz has a lot of interesting things planned for this month, and the team behind it is working hard to make it happen. Although I cannot reveal it completely, it’s certainly the alpha you require. (See you again sers!)

About Oddz

Oddz is a trustless on-chain derivatives 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, Avalanche, Binance Smart Chain, Polkadot, and Polygon, to unleash the potential of a decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.