PROJECT DESCRIPTION

Release 1 Version  https://www.odindefi.org/

Odin DeFi Protocol aims to being a decentralized exchange that allows safe exchange of assets based on the Elrond Network and offer staking services. Our goal is to create a simple and intuitive DApp to buy, sell, provide liquidity and stake tokens and coins by interacting with a smart contract to benefit from the high level of security of the Elrond blockchain. We are aiming to also develop a new staking system for NFTs that will be proprietary to the Odin DEX.

 $ODIN is an ESDT – Elrond Standard Digital Token – built on the Elrond blockchain, a high performance public blockchain, which is secure, efficient, scalable and interoperable. Powered by the Elrond blockchain technology, the $ODIN token shares the same characteristics as the $EGLD token.  Elrond is a second generation decentralized blockchain network, with 3,200 nodes around the world, with secure proof of stake protocol and more than 1.3 million users. Runtime verification audits the protocol to ensure the quality and security in each code line. Its scalability starts with a speed of 15,000 transactions per second, at a cost of $0.01 per transaction, with the capacity to increase bandwidth as the markets require. Accessing all the network’s features, decentralized exchange included, is made simple with the Maiar app, a very easy-to-use, non-custodial wallet, that includes your complete crypto portfolio, coins (EGLD, BTC, BNB, etc.), ESDTs (ODIN) and NFTs.

 Token 

$ODIN is the utility token of the Odin ecosystem and can be used on the Odin DEX and to access exclusive features on the Odin ecosystem. $ODIN can be used on the Maiar exchange to provide liquidity and earn daily passive income. This feature will be available after the presale. $ODIN can be staked on the Odin DEX to earn high daily passive income and get airdrops from new projects listing on the DEX. $ODIN will also be the currency for our play to earn games, to buy and sell game NFT items. $ODIN holders will also receive rewards from up to 80% of the fees collected on the exchange The $ODIN token will also be used for governance.

Token Details: Name: Odin DeFi Protocol Type: ESDT Symbol: $ODIN-4d429b Supply: 10B Decimals: 6

Blockchain Token information: https://explorer.elrond.com/tokens/ODIN-4d429b

 The Tokenomics model was created to ensure the project growth and development while also offering attractive staking rewards, both for ESDTs and NFTs, provided by the Staking Rewards fund, and backed up by the Loyalty Program fund. Giveaways and airdrops ensurean opportunity for the community to accumulate $ODIN, and NFTs, which can be further staked for passive income. With an initial circulating supply of 500M, the project team Treasury represent 10% of the total supply and it will have a vesting period of 2 years.

Roadmap

The roadmap will keep getting updated with new goals and ideas for the project, the following are our current short term goals:

• Project launch.

• Airdrop distribution, Presale and utility NFT collection release. .

• Odin DEX DApp release.

• Odin Staking

• NFT staking implementation.

• Whitepaper release.

• Play to earn game release.

. Utility NFTs

The Odin Utility NFTs will have multiple use cases such as earning weekly $ODIN, voting powers, access to presales and bonus airdrops.

 The Odin NFTs will be available for minting form Q1 2022 and any NFTs not minted will be burnt. There will be four different classes of NFTs and each class will be minted on a different date to maximize the opportunity that our supporters have to mint.

The four classes available will be:

➢ Odin: Most powerful of all NFTs will have the highest rewards out of all the other, the Odin NFTs will earn 10K $ODIN/week and the highest airdrops and bonuses.

➢ Frigg: This class will be the second most powerful NFT, earning its holders 7K $ODIN/week, airdrops and bonuses lower than those earned by Odin NFTs.

➢ Thor: This class will earn its holders 5K $ODIN/week and the equivalent on airdrops and bonuses.

➢ Loki: This class will earn 4K $ODIN/week and the equivalent on airdrops and bonuses. The use cases for our utility NFTs will keep improving and new ones developed to incentivize participation on the network and its ecosystem.

 Rewards

Staking will work different than with any other tokens on the market, with Odin the longer the user stakes the higher the APY, with staking starting at 50% APY and going up by 1%/day up to 150%, this will incentivize long term investment and thus stabilizing the price of the token.

Up to 80% of the fees collected from the exchange will be distribute to the token holders, stakers and liquidity providers. Liquidity providers will receive the highest rewards, followed by the stakers and token holders.

 $ODIN holders will be eligible for presales and airdrops that take place on the Odin exchange.

To incentivize participation within the Odin ecosystem there will be rewards for the top contributors.

 Summary Crypto and DeFi markets are growing at an immense pace, as are the institutions that operate within them. As these markets and participants continue to grow in size and sophistication, access to new tokens will become vital. This will not only spur the growth of existing participants, but it will attract new ones, broadening the scope of the DeFi ecosystem. Odin DeFi Protocol is building a decentralized exchange ecosystem, where anyone can access new and already established tokens and where liquidity providers are rewarded fairly for taking risk.