Open Data Interoperable Network
ODIN is a decentralized system designed to build a data oracle network based on an open protocol for interaction between participants and a sustainable economy. In addition to organizing the data oracle network, ODIN involves building a decentralized peer-to-peer data sharing and trading ecosystem for delivering real-world data to onchain for various use cases such as DeFi, betting, forecasting apps, or NFT.
—
Partners
—
Architecture
Architecture
Architecture
Architecture
Architecture
Architecture
Architecture
Architecture
—
Tokenomics
Binary token system to be implemented for the ODIN project. First ODIN token should secure the network, to be a means of payment for Data consumers and take part in the System Governance. The Data Provider token will be the means of payment for them.
ODIN Token
ODIN will use ODIN native token for its own network as an incentive for validators to produce new blocks and submit responses to data requests.
The total supply of ODIN is capped at
100 million tokens with the following distribution:
100 million tokens with the following distribution:
Data consumers pool
10%
Staking and validator’s rewards
30%
Company and Founding team
10%
ODIN Treasury
(ODIN tokens allocated to ODIN Treasury are not taking part in System Governance).
50%
Deflationary
Model
ODIN applies a deflationary model to incentivize early holders.
20% of all ODINs will be burned within 100 cycles.
400K is burned in every cycle where 200K is burned entirely, and 200K is returned to the holders proportionally.
Final supply of Odin after burns 80m.
A dynamic tax between 4% and 12% is applied within each cycle.
—
Token Distribution
Data consumers pool 10% locked 12 months
Stacking and validators reward 30% locked six months
Company & founding team 10% locked 12 months
Treasury 20% locked nine months.
Liquidity pool 30% - locked liquidity
—
ODIN use cases
Streaming of anonymized user-generated data such as location, health, consumption, mobile data & others from off-chain applications to onchain smart contracts.
DeFi applications need to be fed with real-world data such as off-chain trading platforms, prices, forecasts, statistics, and various analytics.
Dynamic NFT allowing to update data records within NFT from real-world data
Betting dapps can be fed with data from the real world to bring more decentralization & fairness to the betting sector.
—
Roadmap
Q2, 2021. ODIN testnet v0.1
Demonstration of key providers and onboarding of test user
Q3, 2021. ODIN testnet v1.0
Live system, with the most important user flows implemented, suitable for onboarding of beta-testers.
Q4, 2021. ODIN main net v1.0
Fully working system, with the all user flows implemented, suitable for onboarding of all users.
—
Team
Luis Gelado
Founder & CEO
Sacha Gordillo
Founder & COO
Alexander Chevtaev
Blockchain Manager
Anant Singh
Head of Marketing
Manuel de la Esperanza
Founder & Advisor