Oddz seeks to develop a multi-chain options and derivatives trading platform on Binance Smart Chain, Polkadot, and Ethereum. This platform enables users to trade customized options accompanied by rewards. To address latency issues and reduce gas fees for Ethereum transactions, Oddz will utilize layer 2 solutions and relayer networks. The project was established in late 2020, with its whitepaper published on March 1, 2021. An initial DEX offering (IDO) took place on March 18, 2021, which involved the sale of 900,000 tokens to numerous supporters. The project has already received backing from several prominent industry investment funds, including AU21 Capital, Woodstock, and NGC Ventures.

The Oddz team distinguishes itself in the cryptocurrency industry with its leadership under a female CEO, Aishwarya Shivakumar, and an entirely Indian-origin executive team. Before establishing Oddz, Aishwarya Shivakumar held roles in social media marketing at Indian companies like Etudemy and Laetus, with tenures ranging from 2 to 10 months. She holds a bachelor's degree in Electrical, Electronics, and Communications Engineering from the Global Academy of Technology. Shreedhar Shreenivasa serves as a co-founder and CTO at Oddz. Prior to his involvement with the project, he spent three years as a software developer at Uber, was a tech lead at Practo, a UI developer at Flipkart, and a front-end engineer at Cleantrip.com. Krupa Sagar, a Principal Engineer, brings ten years of experience in developing production-ready software. His expertise encompasses scalable architecture, distributed computing, microservices, test-driven development, and both cloud and on-premise infrastructure. Bhargav Kacharla is a Senior Software Engineer with previous experience at Rakuten, OpenText, and Tata Consultancy Services, and possesses a certified level of blockchain expertise. Kantharaju Gowda, the Chief Business Development Officer at Oddz, previously worked at Bounce, RCube, and spent seven years at Cleantrip.com. He earned his bachelor's degree in Economics from the University of Mysore.

Oddz is designed to enable the creation, maintenance, execution, and settlement of trustless option contracts, conditional token agreements, and futures contracts, functioning as an automated market maker (AMM). Its objective is to establish a significant presence in the DeFi ecosystem by streamlining derivatives trading and improving user experience. Key proposed features include seamless blockchain-agnostic integrations with DeFi platforms, multi-chain trading capabilities, customizable automated options, zero gas fees, and an inbuilt oracle for accurate real-time market data retrieval. The ODDZ token serves as the native utility token of the Oddz Protocol and its ecosystem. It is central to the incentivization structure and governance models of the Oddz Protocol. The token will be utilized for various purposes: protocol transaction fees, staking and yield farming, decentralized governance, referral bonuses, and as a reward mechanism for providing and validating accurate data. Staking in Oddz involves users locking their tokens to facilitate transactions, earning a share in settlement fees as a result. While the decentralized governance mechanism for Oddz has not yet been detailed, it will enable users to actively participate in major protocol proposals and upgrades.

The maximum total supply of Oddz coins is 100,000,000 ODDZ. According to the allocation plan, 8% is designated for the Seed Sale. A total of 15.8% is allocated to the private sale, with tokens being vested for 12 months and 15% released at the Token Generation Event (TGE). Additionally, 0.5% of tokens are allocated to early supporters, and 1.2% of tokens will be distributed during the public sale. Oddz Finance will allocate 42% of its tokens for its operations: 18% for platform and community development, 4% for a security and alignment fund, 10% for marketing purposes, and 10% retained in a reserve fund. Staking rewards will comprise only 15% of the tokens. The Oddz founding team and advisory board will receive an allocation of 16.5% in ODDZ, following a vesting schedule of three years, with 25% unlocking every six months after an initial six-month cliff. The initial circulating supply of the $ODDZ token will be 9,220,000, which is 9.22% of the total aggregate supply. This includes allocations of 800,000 from seed investors, 2,370,000 from private investors, 1,700,000 from early supporters and the public sale, 1,800,000 from the ecosystem, 150,000 from strategic rounds, 400,000 from the security and alignment fund, 1,000,000 from marketing efforts, and 1,000,000 from reserves. For up-to-date information and analysis on Oddz, refer to Eulerpool.

Currently, ODDZ operates as a standard ERC-20 token, which means it is based on and secured by the Ethereum blockchain. The Ethereum network is protected by its Ethash proof-of-work mechanism. The ERC-20 standard establishes a set of rules for tokens and incorporates security considerations primarily linked to the robustness of the Ethereum network. For instance, network congestion can elevate the gas fees required for executing transactions, resulting in delays and unusually high transaction costs, affecting all users. Additionally, smart contracts can pose security risks that might lead to DeFi traders incurring financial losses. As of March 2021, hackers have managed to steal millions of dollars in the relatively brief history of the DeFi sector.

Oddz is a relatively new cryptocurrency introduced to the market, and as of March 2021, it is available on a limited number of trading platforms. Currently, Oddz can be traded on exchanges such as Uniswap (V2), Bilaxy, and 1inch Exchange, with trading pairs against Ethereum. Additional exchanges where Oddz is listed can be found on the Eulerpool crypto exchanges page. For those interested in learning how to purchase Bitcoin (BTC), our comprehensive guide is available.