➡️ New $ODIN token, fair launch on pancake swap 21 April ✅
➡️ Deflationary token, 20% of total supply to be burned 🔥
➡️ 50% of all trades tax fees are redistributed to $ODIN holders ♻️
➡️ 50% of the tax fees are (Burned) in the Liquidity Pool FOREVER! 🔥
➡️ Already listed on Coingecko and Coinmarketcap ✅
➡️ Developed by the same experienced and public GeoDB team 💎
➡️ Test net >70% complete and scheduled to launch in June ✅
➡️ 8000+ token holders on the first day of launch 💎
➡️ Implemented on BSC and available on PancakeSwap ✅
➡️ Liquidity and team tokens locked 🔒
➡️ Lowest market cap DATA ORACLE!! 💎
❓ So what is the ODIN Protocol ❓Open Data Interoperable Network (ODIN) is created and developed by GeoDB, and it has been launched on the Binance Smart Chain (BSC). What this network aims to achieve is the creation of an interactive ecosystem by acting as a data oracle network. The protocol’s architecture is based on a decentralized and data-sharing network, meaning that the system brings many advantages to its users.
The primary goal of GeoDB has always been to democratize and improve the big data market; therefore, they have created this decentralized, open, and sustainable protocol. They use their users’ massive valuable data through connected apps to different kinds of marketplaces and platforms.
Therefore, ODIN represents a decentralized system whose main objective is to build a data oracle network on an open interactive protocol foundation that will enable interaction between participants and a sustainable economy. ODIN is a combination of cryptography advantages and decentralized technologies, providing a simple connection of providers and a flexible development of contracts.
In other words, it can be said that the main goal is to ensure decentralization, and they have taken several steps to make users see how their system works.
❓ How Does ODIN Decentralization Work❓As noted above, ODIN’s primary goal is to achieve the decentralization wanted by users. This decentralization is obtained by using a data oracle network.
✔ Data Source Permission Firstly, it is essential to mention that every person on the internet can become a data provider within the system boundaries. To become a data provider, you should not have any permissions, i.e., you can freely initiate a transaction to create a new data source, and you are the one that decides how this data will be accessed.
This ODIN feature enables you to use a model where you can have thousands of data sources for which you can freely choose how they will be used and in what quantity. In other words, ODIN has given the opportunity to remove the factor that determines who can be the data source.
✔ Validation The ODIN protocol gives you a validation that guarantees that the exchange of information will always stay decentralized. Mainly, the validator is responsible for inquiring external data, validating transactions, and extending their support to the ODIN protocol. So, no single entity can transfer data from all sources to the system.
Each validator can access data and generate reports. Each of these reports is aggregated, meaning that every vulnerable side is removed that can send data to the system.
✔ Open The last feature that contributes to ODIN’s decentralization is the possibility for every user to develop an algorithm for managing the obtained data. The end-user can freely choose their option of retrieving the processed data, which is most suitable for them. This refers to the price, the reputation of data sources, number, etc.
✔ New Roles For ODIN’s Community The ODIN protocol has not only created a new interactive ecosystem but has also provided its users with the opportunity to play a more critical role in their community. Therefore, the system allows you to contribute to its development and network by being a user of the system and enabling you to be a validator, delegate, or auditor.
✔ Validator This means that you can support the management of the ODIN system. Therefore, you can be responsible for formations, proposals, verifications, and confirmations of system blocks. Also, you would be able to receive data from external sources and generate reports. Validators receive rewards in the form of ODIN tokens reflecting the work that they perform.
✔ DelegateThis is a user or participant who would like to become a validator. To become a validator, you have to obtain the most votes from the users.
✔ Auditor This is the participant responsible for checking all of the transactions and blocks that enter the system according to the rules of the same.
❓ What Are Oracle Scripts❓
Oracle Scripts act as contracts, but unlike the other smart contracts, the Oracle Scripts allow every participant to use them and choose a method by which data will be received and processed from the relevant sources.
✔ ODIN Token The ODIN token is the native token for the network and can be used in the following ways:
To pay for data received by the ODIN’s ecosystem.
To use the tokens to become a validator.
To receive rewards for performing the roles of validator and auditor
To participate in governance activities.
To delegate the tokens among validators and earn a part of the collected fees.
There are 100 million tokens in the market, out of which 10% belong to the founding team, 30% belong to the staking and validator’s rewards, 10% go to the data consumers pool, and the remaining 50% are allocated to ODIN Treasury. 20% of the initial supply will be burned as part of the deflationary tokenomics, resulting in a final supply of 80m.
❓ What Is the ODIN Treasury ❓ ODIN Treasury plays a vital role in managing projects and achieving financial success through the community System Governance model. The ODIN Treasury’s primary function is to sell ODIN tokens to market participants and keep the received payments in crypto-assets and tokenized USD.
📑 Important Links:💻 Website -
https://odinprotocol.io/➡️ Twitter -
https://twitter.com/odinprotocol📞 Telegram -
https://t.me/odinprotocol📞 Discord -
https://discord.gg/cUXKyRq➡️ Reddit -
https://www.reddit.com/r/OdinProtocol➡️ Medium -
https://medium.com/@odinprotocol📊 Coinmarketcap -
https://coinmarketcap.com/currencies/odin-protocol/📊 Coingecko -
https://www.coingecko.com/en/coins/odin-protocol💰 Buy on pancake swap 💰 -
https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x2802eb3a20f5892956d5b9528f6bf13e648534db📊 Dextools chart 📊 -
https://www.dextools.io/app/pancakeswap/pair-explorer/0xa4edceeb6af634bed4b8fc81763b92bd2f5a6237