Start Your SIP for ODDZ Tokens
Bringing Decentralized SIP To The Masses
With the tremendous response, we have received from the crypto traders on Bitbns, Oddz Finance is happy to announce that we will soon be launching ODDZ SIP for BEP-20 tokens on Bitdroplet, the decentralized platform built by Bitbns. Adding to that, users can perform a SIP in ODDZ tokens by pairing it with any other token that is available on Binance Smart Chain (BSC).
You can also trade ODDZ tokens here: https://bitbns.com/trade/#/oddz/
- Now start your decentralized SIP on Bitdroplet Dapp
- Customise your SIP pair easily and set the value of your SIP and the frequency of your deposits now
- No need to give custody of your tokens to anyone!
Why start a SIP on Bitbns?
We remain committed to our idea of decentralization and this SIP on Bitdroplet lets you control your own funds. Users do not have to trust any third party who act as custodians for their tokens. With the growing demand for decentralization, where use cases are explored each day, Bitbns has taken its first step by releasing a launchpad with ascent and creating bns.finance.
Bitdroplet aims to be a multi-chain platform, built on Binance Smart Chain, Ethereum and other blockchains. It has already been launched on BSC which offers faster transactions at lower fees.
Step 1: Download MetaMask browser extension from https://metamask.io/
Step 2: Create a new wallet if you do not already have one. Make sure you save your seed phrase and do not share it with anyone.
Step 3: MetaMask automatically supports the Ethereum network. Since Bitdroplet is built on Binance Smart Chain, you have to configure it on your MetaMask wallet. You can do this by following the steps in the document here.
Step 5: Now, you have set up your wallet and have funds in it. It is now time to start with your SIP journey. Go to the Bitdroplet Dapp and connect your wallet. The network on your wallet must show Binance Smart Chain Mainnet, as shown below.
Step 6: Go to the Explore tab and choose a pair from the predefined list of pairs to start your SIP for ODDZ tokens or you can create a custom pair also.
Step 7: Fill in the SIP configuration, SIP Amount (amount of token you want to spend per installment) and the frequency of installment.
Step 8: Once you fill in the necessary information above, your SIP in ODDZ token will start!
For example, you choose the ODDZ/USDT pair which means that you will be getting ODDZ by giving USDT tokens.
Step I: Allow the contract to spend a one-time fee (ODDZ token) & deposit the fee to the contract address. The one-time fee on the Binance Smart Chain network is 0.01 WBNB
Step II: 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 III: Click Approve to start your SIP.
Step 9: Your current SIPs will be shown on the home page under the ‘Your SIPs’ card.
Step 10: Use the Deposit tab to deposit tokens to the contract wallet.
Step 11: Use the withdrawal tab to withdraw tokens from the contract wallet to your MetaMask wallet.
For a better understanding of the step by step process, watch this video:
So, what are you waiting for? Start your SIP today! Go to the Bitdroplet Dapp now!
Oddz 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.