Oddz Incentivised Testnet on Polygon Network Completed
What Next? — Mainnet on Binance Smart Chain
Oddz Incentivised Testnet that commenced on August 16, 2021 has finally come to an end. The incentivised testnet program that ended on September 3, 2021 witnessed more than 12,000 people participating in our Leaderboard Challenge, Airdrop and Bug Bounty program where $30,000 worth of $ODDZ and $10,000 worth of $MATIC tokens were allocated as rewards. Another major milestone that we achieved during this testnet was the launch of $MATIC options on Polygon Testnet and with this Oddz became the first derivatives trading platform to do that.
Adding to that, more than $831M worth of $MATIC options were traded on Oddz Testnet during a span of 2 weeks!
The Testnet consisted of similar features that you had experienced during our Binance Smart Chain (BSC) testnet, namely Easy Options, Customised Options, Liquidity Pools, Staking and Social Trading Platform. In addition to that we also added the night mode for many traders who asked for it. We further worked on our UI and the workflow on the platform. The testnet on Polygon network saw more than 12,000 participants during the entire span of 3 weeks.
Some of our main goals during this testnet was to check if all the new changes we made to our UI, including the night mode was appreciated and also understand the demand and need for trading options for other tokens like $MATIC. We also implemented all the suggestions we received during the BSC testnet.
All traders were given 2000 USDC and additional 500 USDC peggy tokens every time they would claim faucet tokens during the entire testnet journey. Not only did this allow weekly users to try out more and more combinations of strategies, it also gave these weekly users an opportunity to improve their ranking on the leaderboard by getting more faucet tokens.
More than $2.5B worth of options were traded during the 3 week incentivised testnet program. A total of 13,601 BTC, ETH and MATIC options contracts were purchased of which 11,306 were out of the money contracts. 2,130 contracts were in the money and were exercised by our traders. Of these contracts, 8506 of them were call options whereas only 5905 of them were put options.
Get the complete glimpse of the testnet here:
Testnet Winners and Rewards
We are happy to announce that our team has been able to shortlist the winners of the incentivised testnet program.
There 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 11 and 210:
We would also like to congratulate all the other participants who showed interest in our platform and showed great spirit during the entire incentivised testnet.
Regarding the Bug Bounty Program, we received several reports from our users and we have been able to resolve most of them. Most of the bugs reported during this testnet were related to the user interface and issues related to transactions. Some users went the extra mile to check out all the features on the platform and report any bugs found on the platform.
Based on the priority and severity of the bugs submitted, we have chosen 31 unique users who will be receiving their bounty in the next 2 days.
List of all Bug Bounty winners can be found here.
Note: Rewards will be distributed on the same wallet address on Polygon Network for the same wallet address that was used to register while participating in the testnet.
Oddz Mainnet is launching on BSC on September 10, 2021. Adding to your excitement, we also have allocated $50,000 worth $ODDZ tokens to be distributed during the Mainnet Carnival! Read more here.
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, Binance Smart Chain, Polkadot, Polygon, Elrond Network and Chromia 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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