Leading DeFi Protocol EasyFi Expands to Binance Smart Chain

The runaway success of Binance Smart Chain has helped propel the exchange’s utility token to the top of the crypto market top ten, and has attracted some of the industry’s top projects to the chain already.

The latest project to expand to Binance Smart Chain is leading DeFi protocol EasyFi. Here’s how this latest move by EasyFi Protocol will benefit crypto investors, the project, and the ecosystem itself.

EasyFi Protocol Integrates Binance Smart Chain Support

Although Ethereum remains the most dominant foundational blockchain layer in the crypto market today, like any emerging technology there are challenges and limitations that developers are rushing to address.

While Ethereum introduces scalability upgrades, DeFi applications, tokens, and stablecoins have begun to expand to additional chains, such as Polygon, or the ultra-hot Binance Smart Chain.

The latest project to expand to Binance Smart Chain, is EasyFi Protocol and the $EASY token. EasyFi Network is a universal second-layer lending protocol currently shaking up the DeFi space. The integration was done to create new opportunities with the DeFi sector, and enable faster, more efficient transactions. The added interoperability will benefit the ecosystem and investors alike.

EasyFi Protocol’s $EASY token will now be available as an ERC20 token, as well as a BEP20 token on three different chains: Ethereum, Polygon, and now Binance Smart Chain. All of the products and services offered by EasyFi’s Protocol V1 powered by Polygon Network on Ethereum, will also be available on the Binance Smart Chain integration.

How Binance Smart Chain Makes It $EASY #DoMoreWithDeFi

In addition to all of the speed and scalability benefits, EasyFi and $EASY will now have access to the Binance community for greater reach and engagement, and be part of the growing list of Binance digital assets.

Binance Smart Chain assets will be integrated into EasyFi as collateral, further enhancing lending markets. New money markets will also be introduced, such as tokenized stocks, metals and other commodities, and much more.

Binance Smart Chain is the ideal fit for EasyFi’s “do more with DeFi” mantra. Integrating within other chains was a primary part of EasyFi’s Q1 2021 roadmap. The first quarter roadmap also includes a refreshed EasyFi UI and UX, and multiple wallet integration for greater versatility for decentralized finance users.

To learn more about $EASY and EasyFi Protocol, check out the whitepaper. And for more info on Binance Smart Chain, check out the official primer on Binance Academy.

How DAFI Protocol Rewards Long-Term Token Holders and Supports Sustainable Project Growth

As more cryptocurrency projects are beginning to understand firsthand, keeping key stakeholders and early investors involved in a project’s ecosystem long-term is tough. With increasing speculation around new blockchain networks, specifically DeFi-focused platforms, cryptocurrencies can see instant price growth as they hit the market. With these profits too high for early investors to forgo, the people who supported the project earliest can end up cashing out, which is bad for the overall ecosystem.

DAFI Protocol has come up with an innovative solution to this problem, rewarding long-term users with a metric-based reward structure that allows new crypto projects to maintain their original community over time.

Synthetic Tokens Are the Answer

DAFI Protocol’s solution revolves around synthetic tokens, or newly minted tokens produced to represent the value of other assets. Using synthetic tokens, new projects can deposit a portion of their total supply into the DAFI protocol. Following the deposit, synthetic tokens representing ownership rights to the original coins will be minted and distributed to holders. These tokens are not tradable, meaning original token holders cannot monetize these synthetic tokens while they hold them. Their only use is exchanging back for the initial token after a predetermined time period runs out.

This may seem like it only benefits project development teams, but it rewards early token adopters as well. Following the distribution of the initial synthetic tokens, the number of tokens a user holds will change based on a smart contract algorithm that allows for the flow of token supply. Using a decentralized oracle, DAFI will be able to evaluate off-chain metrics such as token price, platform adoption, and trading volume to determine the platform’s growth. The more usability the platform receives over time, the larger the amount of synthetic tokens distributed to each token holder.

Creating Holders Out of Sellers

With DAFI, platforms are not discouraging speculation on their native cryptocurrencies; they just want the commitment to become a longer-term arrangement. With its innovative solution, DAFI turns investors from sellers to holders, incentivizing them to realize their investment value if the platform sees measurable growth.

This is extremely beneficial to new projects, as they need to establish a base of platform usage so they know what works well and where they need to improve. This structure will serve the best interests of projects and token holders going forward, as tokens will realize value based on the actualization of the network. Considering some projects worth hundreds of millions or billions of dollars receive almost no network usage, DAFI promises to properly incentivize stakeholders based on more than broad speculation.

There is currently no link between token holder rewards and network adoption; this needs to change. Although users may not be able to profit from short-term speculation through DAFI, they have a much better chance of generating value long-term alongside adoption. This mechanism will scare away gamblers and speculators hoping to get rich quick on the next hyped-up project, leaving investment opportunities for those who plan to stay with the project over an extended period of time. With this superior token distribution method, projects will utilize DAFI to deposit a portion of their token supply in favor of non-tradable and elastic synthetic tokens for users, rewarding them over time.

 

Image by anncapictures from Pixabay 

Ethereum Climbs above $1,600, Why ETH Could Soon Test $1,720

Ethereum started a strong increase above the $1,550 and $1,600 resistance levels against the US Dollar. ETH price is likely to continue higher towards the $1,700 and $1,720 resistance levels.

  • ETH price found support near $1,550 and recently started a fresh increase against the US Dollar.
  • The price is trading well above $1,600 and the 100 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $1,550 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue higher towards the $1,700 and $1,720 resistance levels.

Ethereum Turns Green

This past week, bitcoin and ethereum saw a downside correction below $48,000 and $1,550 respectively against the US Dollar. ETH even traded below the $1,500 support zone and settled well below the 100 simple moving average (4-hours).

It traded as low as $1,444 before correcting higher. The bulls were able to push the price convincingly above the $1,500 and $1,550 resistance levels. There was also a break above a connecting bearish trend line at $1,540 on the 4-hours chart of ETH/USD.

Ethereum

Source: ETHUSD on TradingView.com

Ether price climbed steadily and cleared the 76.4% Fib retracement level of the downward move from the $1,657 high to $1,444 low. It is now trading well above $1,600 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $1,550 on the same chart.

On the upside, the first major resistance is near the $1,700 level. The 1.236 Fib extension level of the downward move from the $1,657 high to $1,444 low is also near $1,720. A successful break above $1,700 and $1,720 could open the doors for a move towards $1,800.

Dips Limited in Ether (ETH)?

If Ethereum fails to extend its rise above the $1,700, there could be a downside correction. An immediate support is near the $1,600 level. The next support is near the 100 hourly SMA at $1,575.

The main support is now forming near the trend line and $1,550. If ether price fails to stay above the trend line support, there is a risk of a larger decline in the coming sessions.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone.

4 hours RSI – The RSI for ETH/USD is well above the 50 level.

Major Support Level – $1,550

Major Resistance Level – $1,700

Why Bitcoin Price Could Start Strong Increase Above $50K

Bitcoin price is showing a few positive signs above $48,000 against the US Dollar. BTC is likely to start a strong increase if it settles above $50,000 and the 100 SMA (H4).

  • Bitcoin remained well bid above $43,000 and $45,000 support levels.
  • The price is now approaching the $50,000 resistance and the 100 simple moving average (4-hours).
  • There is a key contracting triangle forming with resistance near $50,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to start a strong increase if it clears the $50,000 and $50,500 resistance levels.

Bitcoin Price is Gaining Momentum

This past week, bitcoin price corrected lower below the $48,000 support zone against the US Dollar. The BTC/USD pair even broke the $47,000 level and settled below the 100 simple moving average (4-hours).

However, the bulls were able to protect a downside break below the $46,000 area. A low was formed near $46,350 before the price started a fresh increase. It cleared the $47,000 and $48,000 resistance levels. There was also a break above the 50% Fib retracement level of the downward move from the $52,640 swing high to $46,350 low.

Bitcoin Price

Source: BTCUSD on TradingView.com

It is now approaching the $50,000 resistance and the 100 simple moving average (4-hours). There is also a key contracting triangle forming with resistance near $50,200 on the 4-hours chart of the BTC/USD pair.

The triangle resistance is close to the 61.8% Fib retracement level of the downward move from the $52,640 swing high to $46,350 low. A clear break above the triangle resistance could open the doors for a fresh increase towards the $52,000 and $53,000 resistance levels. The next major hurdle for bitcoin could be near $55,000.

Limited Downsides in BTC?

If bitcoin fails toc clear the $50,000 and $50,500 resistance levels, it could correct lower. The first key support is near the $48,800 level.

The main support is near the triangle lower trend line and $48,000. A clear break below the triangle support zone could clear the path for a move towards the $45,00 support zone in the near term.

Technical indicators

4 hours MACD – The MACD for BTC/USD is showing positive signs in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.

Major Support Level – $48,000

Major Resistance Level – $50,000

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.”

Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets.

Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum

This week, the stock market plunged, and precious metals saw a sharp selloff as the macro environment remains uneasy globally. Yet somehow, amidst a “royal macro beating”, Ethereum and Bitcoin have held up comparably well.

Economist and trader Alex Kruger says the resiliency is “bullish” for Bitcoin and Ethereum. The two top crypto assets have been in an uptrend for a full year now, and the recent macro jitters have been the first major bump in the road since.

Related Reading | “Wonderful” Shark Tank Investor Shifts Portion of Portfolio To Bitcoin and Ethereum 

Bitcoin exploded from lows around $4,000 to $58,000 per coin at the high, while Ethereum fell to under $100 and has risen to $2,000 since. The more than 10x rise, however, might be nowhere near the finish line, and holding up so well here could be the catalyst that sends the cryptocurrencies higher through the resistance level.

bitcoin and Ethereum macro beating

Ethereum and Bitcoin have held up extremely well compared to the S&P 500 and gold. | ETHUSD on TradingView.com

The Changing Of The Guard To Crypto Is Underway

The stock market is on thin ice, and precious metals cannot be upgraded or updated, and have limited use in the future as a store of value compared to cryptocurrencies.

The digital gold narrative has been working, and the steepness of the gold selloff above shows how effective the narrative has been. Crypto prices holding up so well while gold plummets, could send even more capital flowing out of metals and into the scarce digital asset.

Related Reading | Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today

Profit-taking in the currency overheated stock market will want to follow the money, wherever the grass is greener and profits are consistent. If that place is the crypto market, the flood gates of capital could finally be coming that helps to push Bitcoin to prices of hundreds of thousands of dollars per coin, and tens of thousands of dollars per Ether.

The nascent technologies are only now coming into their own as financial assets, and institutional investors have begun to recognize the shift from traditional assets, to digital ones, and the ones who have been early thus far have been the most profitable.

Will Bitcoin and Ethereum continue to hold up this well, or will they ultimately succumb to the continuing macro beating going on across markets right now?

Featured image from Deposit Photos, Charts from TradingView.com

Prepare For Liftoff: Bitcoin Loses Bear Market Trendline Against Altcoins

Aside from a few rare outliers, over the last several years, owning Bitcoin has been the better investment compared to other cryptocurrencies. Altcoins like Ethereum and others have only recently caught up, and BTC dominance has maintained the lion’s share of the crypto market cap.

However, dominance has lost an important trendline dating back four full years to the peak of the last bull market, and it could suggest a major turnaround is about to occur across the crypto market. Could this be the altcoin season crypto investors have been waiting for?

Bitcoin Dominance Loses Crucial Bear Market Trendline

At peak Bitcoin fever in 2017, interest turned to altcoins that were much cheaper per coin by comparison as investors searched for the next BTC.

Related Reading | Five Signs That Say Altcoin Season Hasn’t Even Started Yet

Those investors ended up learning the hard way that there is no replacement for Bitcoin. Altcoins plunged by as much as 99% in most instances, while Bitcoin wiped out only 84% of its gains by comparison. Both scenarios are now far in the rear view, and since then Bitcoin has a commanding lead.

bitcoin dominance altcoin season

BTC dominance has lost an important monthly trendline dating back to the top of the last bull market | CRYPTOCAP-BTC.D on TradingView.com

At the height of that fever, dominance reached as low as 35%, but has since remained around or above 63%. That key level was lost at the same time a pivotal trendline was, and now there could be no over-performance in Bitcoin for the next year or more.

The trendline in question dates back four years to the bull market peak, and has kept dominance supported ever since.

Altcoins Are Ready To Explode If Dominance Dives Further

Bitcoin dominance holds the key to unlocking the true potential of any altcoin season, which thus far the leading cryptocurrency by market cap has kept locked away for many years now.

bitcoin dominance altcoin season 2

A zoomed in view shows how many times BTC dominance tried to reclaim the line | CRYPTOCAP-BTC.D on TradingView.com

Losing the previous long term trendline resulted in some short term consolidation followed by a large move lower. A bearish retest of 70% BTC dominance failed, sending the important crypto market metric falling back lower to the second ascending trendline.

Related Reading | Altcoin Season Is Here: “Buy Crypto” Surpases Bitcoin Searches On Google

With the 63% level now lost also, BTC dominance should gravitate toward the mid-50% range, allowing altcoins to soar compared to Bitcoin for an extended period of time.

Altcoins could also theoretically hold up better in a wider correction, but that scenario is unlikely as the riskier assets typically are more volatile and react more sensitively to greater crypto market selloffs.

Featured image from Deposit Photos, Charts from TradingView.com

How Paradox Group Is Helping DeFi

Created in 2018, The Paradox Group is the current number one blockchain advertisement agency in the UK. The purpose of the company is to offer high-quality marketing services, geared towards crypto entrepreneurs and established companies in the crypto and fintech industries. Projects in Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), recent innovations in the crypto sphere, are currently among the top priorities of the Paradox Group.

What is DeFi?

Thanks to smart contract technology, introduced with the release of Ethereum back in 2015, the crypto space flourished with new possibilities and potential applications. Many innovations in financial technology followed, but none can compare with DeFi.

DeFi, also known as decentralized finance, offers the same services as traditional finance. This includes crypto-backed loans, savings through yield farming protocols, or even insurance services. The only difference is that the services are decentralized, meaning there aren’t any banks or financial institutions acting as middlemen. The financial services are provided by decentralized platforms in a transparent and cost-effective manner.

Decentralized exchanges (DEX) are an excellent example for illustrating how DeFi works. Unlike all the major centralized exchanges, which act as intermediaries whenever any crypto asset is bought or sold, in DEX the network is peer-to-peer, meaning that traders buy and sell from each other directly.

Crypto advertisement challenges

Mainstream media occasionally covers crypto, mostly when Bitcoin’s value reaches new all-time highs. But lack of coverage from mainstream media is not the real issue, the problem is that that crypto advertisement is banned from all the major social media platforms Facebook, Twitter, Reddit, Youtube, and mainstream advertising networks like Google Adsense, have all established strict bans on crypto ads.

One of the main reasons for the bans was due to a hectic market that saw many low-quality projects. While the market has since then matured, its past still crippled legitimate crypto projects who now have a harder time receiving the necessary funding to drive the industry forward.

Paradox solves that issue

Paradox’s aim is to bridge this gap in blockchain advertisement, connecting projects in need of marketing with well-established companies in the crypto space. With several successful campaigns in its record, Paradox is the one-stop-shop for DeFi and crypto projects looking to get their name out there

There is a wide range of available services and flexible options. Customers can choose to work directly with Paradox, counting on the expertise and know-how of the team to design tailor-made marketing campaigns, which are sure to offer the best long-term results.

Paradox also has its own marketplace, where it is possible to buy multiple marketing packages and services such as banners, press releases, sponsored articles and reviews, email marketing, and customizable Cost per thousand (CPM) and Cost per click (CPC) options.

Once you choose a product, you can count on advanced tracking software to offer live results. This will be an invaluable tool to allow any tweaks to be made on the spot. There will also be a personal account manager allocated specifically to you to offer support.

Partnerships and client base

These services are provided by many prominent publishers in the crypto space. The list of partnerships is one of the strong points of Paradox and includes major companies such as Cryptocompare, NewsBTC, Bitcoinist, CryptoSlate, CoinGecko, Coinmarketcap, and many others. These publishers are among the biggest in the industry and are responsible for over 100 million monthly impressions.

But if there are still any doubts about Paradox, the quality of its services is perhaps best reflected by its long list of high-profile clients. From DeFi platforms to casinos, exchanges to brokerages, and asset managers, many projects from different fields of Fintech have already used Paradox services. Among its most renowned clients are eToro, Nexo, Bitcasino.io, and Diginex.

Use Paradox to help grow your DeFi projet

The Paradox Group is constantly networking and looking to expand its list of partnerships and clientele. It has a proven track record, having successfully run thousands of advertisement campaigns, and offers some of the best return on investment and Click-through rates (CTR) in the industry. This makes it the company to look for if you want to take your DeFi project to the next level.

The expertise of the Paradox team and capacity to apply traditional marketing strategies to a newer industry such as crypto, coupled with the quality of its publishers, will surely help your product or service reach the right audience. Register and try out the exposure calculator, which will give you an estimate of how many impressions you can get on your investment.

Bitcoin Bearish Correction Pauses: Focus Remains on Dollar and Yields

  • Bitcoin prices extended losses on Friday as the US dollar gained alongside the long-term Treasury yields.
  • Downside pressure on cryptocurrency remains amid expectations of modest job growth in the US.
  • The technical support offered by the 20-period moving average on the four-hour chart maintains Bitcoin’s medium-term bullish outlook.

Bitcoin dropped Friday, suggesting that the benchmark cryptocurrency may decline further into the week, followed by an equally depressive weekend session in the wake of the rising US dollar and a recent spike in the US Treasury yields.

Bitcoin Short-Term Targets

The spot BTC/USD exchange rate plunged 2.43 percent into the daily session. On the other hand, the pair was trading in a positive area on a week-to-date basis, up more than 4.5 percent ahead of the weekend session. The price action was choppy nonetheless, giving no clues about its direction in the coming sessions ahead.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Bitcoin looks trapped between two moving averages. Source: BTCUSD on TradingView.com

Technically, Bitcoin appeared trapped inside a range defined by two of its crucial moving averages. In doing so, the cryptocurrency tested the 50-period moving average as resistance and the 200-period moving average as support.

A bounce from the 200-MA on Friday pushed BTC/USD towards 50-MA for a bullish breakout attempt. Nevertheless, higher selling pressure near the latter wave kept prices from flourishing upward. That showed traders’ resilience, which may have to do with unfavorable macroeconomic climate.

Jobs Data, Bond Yields, US Dollar

Traders limited their bids near the local BTC/USD tops as Bitcoin formed a positive correction with the US stock market against the prospect of rising US Treasury yields. Both the markets tumbled last week as a bond market sell-off raised questions about whether low-interest rates, which propelled both Bitcoin and US equities last year, can continue for any longer.

Yields, which rise as bond fall, have rallied as a response to expectations of faster US economic growth, led by a speedier vaccination program and inflation expectations.

The yield on the US 10-year Treasury was flat on Friday but surged in the previous session to 1.547 percent.

That marked the highest close for the benchmark borrowing cost since February last year. Its climb on Thursday came as Federal Reserve Jerome Powell provided no signs that the central bank would intervene to limit the ongoing sell-off in the US government debt market.

The US dollar benefited from the global market uncertainty, with its value against a basket of foreign currencies—known as the US dollar index—rising by 0.75 percent on Thursday. The index surged 0.31 percent on Friday.

US Dollar Index, US dollar, DXY, bitcoin
US dollar index rallies higher on global market uncertainty. Source: DXY on TradingView.com

More tailwinds for the US dollar growth came from early estimations that the US labor market would log recovery in February.

“As we reopen the economy, inch-by-inch, that will unleash consumer spending and drive job growth, especially industries that have been most severely affected by the pandemic,” said Nela Richardson, a Ph.D. economist at human-resources software firm Automatic Data Processing Inc.

Cardano (ADA) Death Cross Spells Worries Despite Bullish “Mary” Fork

  • Cardano (ADA/USD) bounces off a critical support trendline during the Asia-Pacific trading session Friday.
  • The blockchain asset expects to close above key moving average waves on the prospect of turning into a multi-asset chain following its hard fork on March 1.
  • Nonetheless, a death cross formation offsets the probability of more price legs higher.
  • Levels to watch

A sell-off in the Cardano market Thursday brought its benchmark instrument ADA/USD down by more than 11 percent.

The pair touched a week-to-date low of $1.02, about 31 percent lower than its record high established on February 27. It later underwent a modest recovery phase after finding support in a short-term upward trendline. The bounce prompted the price to attempt a close above its 50-period moving average, only to pull back later owing to higher selling pressure near the blue wave.

Cardano, ADABTC, ADAUSD, ADA, cryptocurrency
Cardano slips after testing its 50-period simple moving average wave as resistance. Source: ADAUSD on TradingView.com

It appears likely for Cardano’s ADA to retest the ascending trendline support, further pressured by a death cross formed after the 20-period moving average slipped below the 50-period moving average. It signals additional selling pressure in the market in the short-term.

Should the sell-off continue, ADA/USD risks plunging towards its 200-period moving average. It is right now around $0.88. Meanwhile, an extended slipover below the orange wave would have traders view $0.80 as their downside target. The level has served as support all across February.

Bullish Fundamentals for Cardano

The downside correction in the Cardano market follows its 700 percent-plus price rally in 2021. ADA/USD rallied partially because of an overall upbeat sentiment in the cryptocurrency market, led by Tesla’s $1.5 billion investment into Bitcoin. Altcoins tend to tail the benchmark cryptocurrency’s price trends.

Second, the ADA price surged amid a broader rally among projects that rival Ethereum, the second-largest cryptocurrency by market cap and the leading blockchain network with smart contract functionalities. The transaction and gas fees on the Ethereum network surged aggressively during the February session, prompting speculators to make bets on its rivals.

Cardano briefly surged to the third rank in the top cryptocurrencies’ list, only to get replaced by Binance Coin, a token that represents Binance Smart Chain in addition to a full-fledged cryptocurrency exchange of the same brand.

Nonetheless, the reason why traders raised their bids in the ADA/USD market was “Mary” — a hard fork that made Cardano a multi-asset chain network upon its successful deployment on March 1. Cardano’s upgrade will enable new tokens on its network and offer smart contract services just like its rival Ethereum.

“Slowly but surely, the momentum is fading away from Cardano after the Mary hardfork,” noted Michaël van de Poppe, an independent market analyst. “That’s normal. Natural market movements. Hype pre-event, calm, and getting back to equilibrium after the event. That’s how it always goes. ADA will continue running later.”

ADA was trading for $1.13 at the press time.

Leading on-Chain Option Trading Protocol Oddz Finance Announces Its Public Distribution IDO on Polkastarter

Oddz Protocol 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.

Oddz Finance associates with a decentralized fundraising platform, Polkastarter to drive the DeFi revolution.

Incepted with the idea of creating a seamless derivative options trading experience for users, Oddz is all geared up to redefine how derivatives markets work in a decentralized financial landscape. With the high degree of intuitiveness and fascinating attributes, Oddz Finance is all set to spearhead chartered territories by consolidating the models of traditional finance with DeFi to capture the broader spectrum of the DeFi market.

To transform the idea into reality, Oddz finance has announced its public distribution IDO to allow the community’s participation to contribute to the vision of mainstream DeFi adoption. Therefore, it has joined forces with the leading cross-chain auction protocol, Polkastarter. The public IDO will occur on 18th March on the leading platform, thus inching one step closer to massive adoption.

Users will be able to participate in the IDO process by undergoing the whitelisting process in various phases to gauge the efforts of early supporters. The Whitelisting process for Phase 1 for Polkastarter IDO will commence on 5th March at 12 PM UTC and closes on 10th March at 12 PM UTC. The second whitelisting phase will commence from 13th March at 12 PM UTC to 14th March at 12 PM UTC. $150,000 worth of $ODDZ tokens will be allocated on the Polkastarter platform for the $POLS and Non-$POLS holders.

The Whitelisting phases will employ a random lottery method to promote fair participation. To dive deeper into the nuances of the IDO and partnership, Oddz Finance has provided a comprehensive overview of the entire process. In the quest of creating an immersive user experience and making options trading seamless, Oddz Finance is relentlessly working towards unleashing the true potential of the DeFi landscape by employing technological innovation at its best.

The public distribution IDO is a major milestone for Oddz Finance in this expedition to evoke a revolution by powering ODDZ for novice users by providing a seamless gateway opening the doors of decentralized finance. It aims to breakthrough technical complexities to allow users to experience the nuances of options trading and create awareness about the same. In the upcoming days, it is all set to release its testnet and product development demos that would contribute to the overall growth of Oddz finance.