Oddz Incentivised Testnet on Avalanche Network Completed
What Next? — Mainnet on Avalanche Network
Oddz Incentivised Testnet on Avalanche that commenced on January 10, 2022, has finally come to an end. The incentivized testnet program ended with huge success, witnessing more than 15,000 people participating in our Leaderboard Challenge, Airdrop, and Bug Bounty program where a total of $30,000 worth of $ODDZ were allocated as rewards. Our main highlights for this testnet were the options v2 features, notably the secondary market and strategies feature. The feedback and engagement for them were excellent.
In addition, more than $5.8 billion in $AVAX options were traded on the Testnet in just three weeks, with $BTC and $ETH volumes hovering at $458 million and $206 million, respectively. It’s been a fantastic week, with our option strategies returning more than 200% on trades executed during the testnet program.
The primary goal of this testnet was to validate all of the new updates we made to our upcoming options v2 features and UI. We have added all of the changes that were proposed during previous testnets.
All traders were given 5000 USDC, 500 ODDZ, and 1 AVAX token to explore the entire testnet program. Not only did this allow weekly users to try out more and more combinations of strategies, but it also gave these weekly users an opportunity to improve their ranking on the leaderboard by getting more faucet tokens.
More than $6 Billion worth of options were traded during the 3 weeks incentivized testnet program. A total of 17,654 BTC, ETH, and AVAX options contracts were purchased of which 6989 were AVAX options, 7243 were ETH options, and 3422 were BTC options. Additionally, a total of 4061 option purchasers, 803 liquidity providers, and a staggering 4352 stakeholders participated in the program.
Testnet Winners and Rewards
We are happy to announce that our team has been able to shortlist the winners of the incentivised testnet program.
The winners for the leaderboard challenge and the wallet addresses that will be airdropped for their continuous enthusiasm during the testnet can be found here.
To give a brief of the award winners, the winners of the leaderboard challenge have been rewarded:
The winners of the airdrop have been awarded the following for their rank on the leaderboard ranging between 21 and 200:
We would also like to congratulate all the other participants who showed interest in our platform and showed great spirit during the entire incentivized testnet.
Note: Rewards will be distributed to the same wallet address that was used to register while participating in the Avalanche testnet.
Our Avalanche Mainnet will be launching on February 7, 2022. Adding to your excitement, we will be allocating $ODDZ tokens that will be distributed during the Mainnet Carnival!
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, Arbitrum, 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.
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