ODIN PROTOCOL - Wiki

What Is ODIN Protocol (ODIN)?

ODIN is more than just a decentralized ecosystem and an oracle. It not only provides its partners with off-chain to on-chain, real-world data in cases like DeFi, betting, forecasting apps or NFT, it also governs the “$GeoDB” data flow from the very same ecosystem by applying the dPoS consensus, incentivizing its participants to actively contribute and keep the network in a constant high quality, always self-improving state.

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.

Our Partners

http://abacus-consulting.net/

https://polygon.technology/

https://oceanprotocol.com/

https://gruponext.es/en/

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.

Token Distribution

DAO Treasury - 25% (ODIN tokens allocated to ODIN Treasury are not taking part in System Governance)

Company & Founding team - 20% (6 months lockup and 36 months vesting)

Ecosystem & marketing - 6% (to be used for the ecosystem growth and is a subject for 36 months vesting)

Data providers pool - 2% (can be used as an exchange pool in the future when other currencies beside ODIN are accepted as a payment for data)

Strategic funding Rounds - 17% (subject to lockup and minimum 36 months of vesting)

Current circulating supply - 17%

Community Development Funds - 13% (to be used for the community growth and is a subject for 36 months vesting)

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.