Recap AMA Oddz Finance x Vietnam Coin Market Community

12 min readFeb 10, 2021

Mr Hubert: Hello everyone,

Only 30 minutes left and the AMA event of Oddz Finance will be started.

The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and Oddz Finance’s representative is @Aishwarya_hs.

Translator: @nguyetvcm

Vietnam Coin Market Group (VCM) will be locked to make the event convenient.

After Segment 2 of the Vietnam Coin Market group will be opened a chat so that the community can ask the project.

How’s everything going?

Again, it’s been my greatest pleasure to announce today’s special AMA session

“Oddz Finance”

Today’s AMA session is composed of 4 parts:

1 — Say hello, introduce the project

2 — AMA moderator asks the project 4 questions that will be selected first)

3 — Ask the community (unmute the channel and let the community ask questions freely on telegram. Then the guests will choose about 10 good questions to answer)

4 — Quiz — Give 5 quizzes to the community to answer

Please like, follow, and retweet this tweet: https://twitter.com/chocoin_VN/status/1358670718334996480?s=20

Please join the Oddz Finance group:

https://t.me/oddz_finance

Craving for the question rain ahead after I unmute the group.

Anyway, let’s get the curtain roll-up and welcome @Aishwarya_hs.

Mrs Aishwarya: Hello everyone, Hope all of you are doing good:).

Mrs Nguyet: Hey @Aishwarya_hs, Welcome to VCM Community ❤️

Mr Hubert: It’s a pleasure to all of you who participated in the AMA today.

Could you briefly introduce about yourselves as well as your project?

Mrs Aishwarya: Sure!

Happy to introduce myself and tell you more about how oddz started.

I worked in a few tech startups as a product and marketing Lead in Bangalore. Coming to my experience in crypto, I was a very active trader in both the stock market and crypto market for the last 3 years,

In 2019 I started to explore more about options trading platforms and traded in most of the platforms.

In early 2020, I closely noticed the rise in volume in option and derivatives trading in cryptocurrencies and identified a lot of improvements that can be ported from the stock market to the crypto market in terms of user experience.

As a trader, I understood the pain points which restricts a lot of users from utilizing on-chain option trading platforms effortlessly which include — High gas fee, Dependency on Option Writers, Transparent Premium Calculation, Inadequate Liquidity and lot more, that’s when Oddz started along with my Co-founder who has 10+ years of experience in Web development and 2 years of experience in Blockchain space.

Mr Hubert: How wonderful. The VCM audience is also eager to study the Oddz project.

Looking forward to have our audiences to know more about the project and the views.

Let’s get to the first question we’d like to know from you.

What makes the Oddz Finance stand out more than the projects in the same direction at the moment?

Mrs Aishwarya: Innovation — We are planning to leverage layer 2 technologies along with Relayer networks to execute our options trades that would help our users to trade at a lowered gas fee. The protocol transaction fee that we collect from users, will be used to compensate the gas fee, to distribute rewards for staking users, and to hedge the liquidity providers for our AMM pool that eliminates the need for option writers.

Emphasis on both retail investors as well as institutional investors — Intuitive UI along with Easy options wizard should help users to buy option calls and puts within a matter of few clicks.

Future looking roadmap — We are well prepared to test our protocol on Polkadot and fully leverage the power of Polkadot and better the trading experience.

The high degree of expansion — Options trading for new tokens can be added with just a click of a button, our inbuilt oracle IVR feeds for new tokens will help us achieve this. Marketplace for conditional tokens.

Mr Hubert: Thank you, we could give some mins for our audiences to read more about the comment.

Mrs Aishwarya: Sure:).

Mr Hubert: Thanks for this impressive information. We will go over the next question:

What are the key features of Oddz?

Mrs Aishwarya: Oddz is a World First On-Chain Option trading platform that was deployed on the Binance Smart Chain, Ethereum, and Polkadot striving to unleash its potential decentralized derivatives market.

The key features promoting DeFi users to utilize on-chain option trading platforms effortlessly includes :

1. Fraction trades

2. Transparent Premium Calculation

3. Zero gas fees

4. Adequate Liquidity

5. Customized Option Writers

Here is the detailed explanation about Oddz features: https://medium.com/oddz-finance/exploring-on-chain-option-trading-through-oddz-unique-features-48a4cfed3fe8

Mr Hubert: I think liquidity and transaction fees are the things that people care about the most. That was handled well by Oddz. Let’s take a few minutes for everyone to read about it.

Everyone is probably excited about this project. We can learn more about the project’s achievements:

What are the memorable milestones of Oddz Finance in the research and development process?

Mrs Aishwarya: We made very good progress in terms of protocol smart contracts in the last month of 2020 and announced Oddz finance on January 1st. Yes new year, new hopes, and a new beginning:)

We are close to submitting our protocol smart contracts for auditing

We made some strategic partnerships (details on this front will be shared soon)

We are closing the fundraising soon, details on this will be announced later this month

We made good progress in terms of Hiring as well

Coming to the roadmap, we are aiming to go live on test net in the next few weeks followed by the TGE and then mainnet within this quarter.

The more detailed roadmap we will share in our oddz telegram https://t.me/oddz_finance

Mr Hubert: Feeling quite excited about this project. I think everyone will love it and support it as well.

Mrs Aishwarya: Good to hear.

Mr Hubert: Ready to come to the next question?

Mrs Aishwarya: Yes 🔥

Mr Hubert: What does Oddz Finance plan to do to attract more users in the upcoming time?

Mrs Aishwarya: We will provide the best user experience with the intuitive interface along with the solving lot of pain points from existing platforms.

We are working on beginners guide videos and blogs for options trading and make sure all the users who come and trade on our platform get the detailed explanation on trading. Apart from that, we are also planning for the demo trade (where users can try trading with paper money to understand and then trade on real money). This helps our users to understand and trade on our platform.

Mr Hubert: How wonderful, sir. VCM will make a small contribution to the project support. Nice to do this. 😊

The last question is already done. Thank you @Aishwarya_hs for bringing the above useful information.

Next, the Vietnam Coin Market team (VCM) will open a chat for the community to ask questions to the project. We will have 3 min to ask. The Oddz Finance will then choose 10 questions to answer.

Mrs Aishwarya: My pleasure:).

Mr Hubert: Note: Do not copy questions asked by other community AMAs about Oddz Finance.

Are you ready for segment 3?

Mrs Aishwarya: Yes 🙂

Let’s go!

Now!

Let’s give some mins for @Aishwarya_hs to choose 10 questions to answer.

@Aishwarya_hs, you may proceed now.

Mrs Aishwarya: OMG lot of questions, will answer 10 good questions:).

Mr Hubert: Quite a few questions. :))

Question 1. Can you tell us about your plans for 2021 and for long-term? what you are currently focusing on and are you going to expand the list of big exchanges?

Our main vision is to make Oddz Finance a one-stop solution for all derivatives.

Some of the roadmaps we planned for upcoming days include:

Conditional tokens

Conditional Tokens are a new upcoming token class designed for the creation of highly liquid prediction markets. They enable the creation of options (or markets in this case) whose settlement is dependent on the outcomes for high-resolution information.

Leverage tokens

A leveraged token is a financial derivative that enables you to gain exposure to a leveraged trading position in a digital asset without having to deal with margin trade, liquidation, collateral, funding rates.

Inbuilt Oracles

Dependence on external oracles brings some of the grave issues that complicate the decentralized financial ecosystem, thus hampering seamless trading for platform users. Oddz is looking to create an inbuilt oracle within the protocol itself.

The goal is to research more on these topics in the coming months, invite suggestions from the community, and launch as soon as ready.

Question 2. “MAINNET LAUNCH” is one of the strategies to attract users and achieve mass adaption. Do You have any plan about MAINNET LAUNCH?

Before Mainnet, we are planning to launch our application in testnet so users can come and experience oddz trading platform and provide the feedback, soon after the testnet we are also planning for mainnet launch:)

Question 3. Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

Yes, Users can strongly support or disregard protocol proposals through community votes depending on the rationality of the same.

Question 4. What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?

Our 3 things for priorties in 2021 is 1. Launch on mainnet 2. TGE 3. expand our protocol to other derivatives and make oddz one stop solution for all derivatives.

Question 5. Why did Oddz Finance decide to support Zero Gas Fees Transactions for derivatives traders, also what mechanism will you use to bring zero gas fees trades to reality?

Gas fee was one of the major issues many of the users face today, especially in options trading platforms, where for buying 1 option at $10 users have to pay $20 of gas fee. This led us to research more on how to reduce gas fee and came up with this idea.

Where we submit our smart contract to a relayer network which uses native meta transactions to execute transactions with minimal gas fee, where Oddz will cover the gas fee so technically users will not be paying any gas fee.

Here is the detailed explanation: https://medium.com/oddz-finance/oddz-protocol-introduces-zero-gas-fees-transactions-to-drive-widespread-defi-adoption-21eb7bae5e33

Question 6. What makes your project different from others and what are some of it is practical usecases?

1. Fraction trades

2. Transparent Premium Calculation

3. Zero gas fees

4. Adequate Liquidity

5. Customized Option Writers

Here is the detailed explanation about Oddz features: https://medium.com/oddz-finance/exploring-on-chain-option-trading-through-oddz-unique-features-48a4cfed3fe8

Question 7. How do you plan to promote about your project in different countries? where English is not spoken very well. Do you have a local community so they can understand your project?

Our main focus is to expand oddz in different countries. Along with english we also added chinese language in our website and we will add more languages if required to spread awareness and bring more users from different countries. Please join Oddz vietnam telegram channel https://t.me/OddzVietnam.

Question 8. What services will ODDZ offer? What is the launch date of the platform? Is there currently a beta or demo? Can we expect 100x leverage?

Oddz allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional token agreements, and futures contracts in a fast, secure, and flexible manner. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience. Its comprehensive ecosystem also constitutes an Inbuilt Oddz oracle that helps in accurately retrieving real-time market data.

We will announce the launch date soon till then join our telegram — https://t.me/oddz_finance.

Question 9. What is the most ambitious goal of your project? I would appreciate it if you could share with us any Upcoming Updates?

Our main vision is to make Oddz Finance a one-stop solution for all derivatives.

Some of the roadmaps we planned for upcoming days include:

Conditional tokens

Leverage tokens

Inbuilt Oracles

The goal is to research more on these topics in the coming months, invite suggestions from the community, and launch as soon as ready.

Question 10. I think it is very important that you form a telegram team or add language to the website to solve language problems in other countries? do you have any plans for this?

We already have Vietnam telegram channel https://t.me/OddzVietnam , we will expand for more langauges if required in coming days.

Question 11. What is the strategy used by Your Project to attract new users and investors and keep them in the long term?

Innovation — We are planning to leverage layer 2 technologies along with Relayer networks to execute our options trades that would help our users to trade at a lowered gas fee. The protocol transaction fee that we collect from users, will be used to compensate the gas fee, to distribute rewards for staking users, and to hedge the liquidity providers for our AMM pool that eliminates the need for option writers.

Emphasis on both retail investors as well as institutional investors — Intuitive UI along with Easy options wizard should help users to buy option calls and puts within a matter of few clicks.

Future looking roadmap — We are well prepared to test our protocol on Polkadot and fully leverage the power of Polkadot and better the trading experience

Question 12. A lot of scam projects out there, guess what guarantees that your project is different from them.

We are non- anonymous team, very determined and focused to give the best platform for users.

Question 13. as a liquidity provider will lock assets and will get rewarded when staking ODDZ tokens, how long the assets will be locked, how the reward income system provided by Oddz finance, will get what percentage in a day, month, year or APY staking limit will be given when to stake?

We will be announcing the detailed information about liquidity pool very soon in our telegram channel https://t.me/oddz_finance join and stay tuned for more details.

Question 14. Are you a global project? Can anybody use your services from anywhere?

Yes, you can use our serivces from anywhere:)

Mr Hubert: Thank you @Aishwarya_hs for replying to the community.

We will go to Segment 4, the Oddz Finance will ask the question. The person with the fastest correct answer will win.

Each person can only answer 1 time / 1 question.

Thank you guys, it was great questions🙏

Mrs Aishwarya: Thank you guys, it was great questions🙏

Mr Hubert: Please @Aishwarya_hs to ask Quiz questions.

Quiz 1. How oddz execute zero gas fee?

Layer 2 solution and relayer network

Quiz 2. What are Oddz future plans?

Q1–2021

Alpha launch & TGE

Trading platform launch

Liquidity mining

Staking

Q2–2021

Integration with Polkadot network

Oddz oracle launch

Oddz options on wallet dApps

Oddz Futures Platform

Q3–2021

Conditional markets

Perpetual markets

Options trading platform for the European style of options

Quiz 3. Which one feature of oddz excites users?

Zero gas fees

Quiz 4. What are the chains that are supported?

Binance Smart Chain, Polkadot & Ethereum

Quiz 5. Why In-built Oracle?

Mr Hubert: So the AMA Oddz Finance at Vietnam Coin Market (VCM) is also coming to an end. Hopefully in this direct exchange, the community has a basic understanding of the Oddz Finance. I am the moderator today. Congratulations to the Oddz Finance.

Thanks @Aishwarya_hs for joining AMA with the VCM community today. Wish you much health and success.

Mrs Aishwarya: Tks you.

It was great answering your questions,Do check out our channel for more information.

Website: https://oddz.fi/

Twitter: https://twitter.com/oddz_finance

Telegram Chats: https://t.me/oddz_finance

Telegram Announcements: https://t.me/oddz_fi_announcements

Lite paper: https://docsend.com/view/u8gpf6rtuhekhu4u

Medium: https://medium.com/oddz-finance

Mr Hubert: Again, don’t forget to join the Oddz Finance community for further assistance. Thanks everyone.

Telegram (https://t.me/oddz_finance) | Medium (https://medium.com/oddz-finance/introducing-oddz-10a149534f3a) | Twitter (https://twitter.com/oddz_finance) | Website (https://oddz.fi/).

VIETNAM COIN MARKET COMMUNITY INFORMATION:

Website: http://vcmcommunity.online

Medium: https://chocoin-vn.medium.com

Youtube VCM: https://www.youtube.com/c/vietnamcoinmarket

Youtube AI: https://www.youtube.com/c/angelinvestorcommunity

Twitter VCM: http://twitter.com/chocoin_VN

Twitter AI: https://www.youtube.com/c/angelinvestorcommunity

Facebook: https://www.facebook.com/vietnamcoinmarket

and group: https://www.facebook.com/groups/vietnamcoinmarket

Vietnam Coin Market Community: http://t.me/chocoin_VN

Smart Investors Vietnam: http://t.me/investorschocoin_VN

Angel Investor Community: https://t.me/AngelInvestorCommunity