Oddz Incentivised Testnet Program on Binance Smart Chain
Rewards up to $30,000 up for grabs
Oddz is delighted to announce that we will soon be launching the Incentivised Testnet program on Binance Smart Chain, before its highly anticipated main network launch. To provide a better understanding of the product and improve the overall user experience for all options traders out there, we are inviting participants for the public test of our options trading platform.
Snapshots:
- Oddz Incentivised Testnet will be live on Binance Smart Chain.
- $30,000 worth of ODDZ tokens will be distributed as an airdrop among the participants, traders on the leaderboard and people submitting their feedback and suggestions about the testnet.
- The Incentivised Testnet will launch on June 7, 2021, and will be open to people from all backgrounds.
As options trading is not easy and developing an options trading platform is even more strenuous. Our testnet, along with the guides to be published in the coming days, will prepare you to begin your journey in trading options on Oddz.
The main reason behind the launch of this testnet, along with the guides around options trading, is to familiarize you with the Oddz options trading platform. You will be using the testnet funds and not your own funds to explore the platform. Additionally, we recently launched Oddz Academy — a one-stop solution for everyone who wishes to learn about DeFi and derivatives trading. Our community will get access to high-quality educational content that will enhance the overall learning experience.
So come join us in this exciting world of derivatives trading where you learn about options trading, explore the platform and also EARN ODDZ tokens by showing your skills on the leaderboard.
Why should you use Oddz?
Some of the challenges that have prohibited DeFi users from trading on-chain options are budget consciousness, lack of transparency, high gas fees and inadequate liquidity.
At Oddz -
- Users can trade options for the smallest quantities of the underlying asset.
- We get reliable and accurate on-chain data from external oracles like Chainlink.
- You will not have any network congestion problems as we are built on multiple blockchains like Binance Smart Chain (BSC), Polkadot, Ethereum and Polygon.
- Our partnership with relayers like Biconomy will ensure zero gas fee for our users.
- We have also created Easy Options and Customised Options for both beginners and advanced traders.
To know more about Oddz, read our Whitepaper and Litepaper now.
Everything you need to know about the Incentivised Testnet
Oddz has allocated rewards up to $30,000 in ODDZ tokens as rewards for all participants of the Incentivised Testnet. Rewards worth $30,000 will be divided into different categories namely
- Leaderboard Challenge
- Bug Bounty
- Airdrops
In the Leaderboard Challenge, each participant of the Incentivised Testnet can request a certain number of peggy tokens to participate in the testnet program. They can use these peggy tokens to buy call and put contracts on the platform or add liquidity to the pool to earn rewards from the liquidity pool or do a mixture of both. The ones making the most profits during the week will be on top of the leaderboard. These participants will be rewarded in ODDZ tokens for their commendable performance every week.
The idea behind making our platform public before its mainnet launch is to give traders an insight into what our platform looks like and to provide them with an opportunity to suggest any changes or improvements for the platform.
Bug Bounty does not necessarily mean finding bugs or glitches on the platform. Give us a stupendous product idea, and if we like it, you will be rewarded for it as well!
Lastly, we will also have an announcement regarding the Airdrop, sometime during June 2021. Oddz wholeheartedly welcomes valuable feedback and suggestions from our community to help us improve and deliver a better user experience.
So what’s next?
More information about the incentivised testnet program, the distribution of rewards and airdrop, guides, tutorials and FAQs will be released soon!
About Oddz
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.
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