Odyssey is a blockchain-based platform that tokenizes peer-to-peer sharing economies like Lyft, WyzAnt, or Airbnb. It is a decentralized economy-sharing ecosystem that will help increase marketplace efficiency and reduce overall operating costs. It uses both blockchain smart contracts as well as AI and big data and promises to reduce overall operating costs, increase marketplace efficiency and boost the ROI of product and service providers in the global sharing economy.
Odyssey’s system would function as the glue, holding the entire shared economy together. Users would pay through the OCPay wallet and could track providers across a range of services. In doing so, they would be rewarded for giving reviews and other microtransactions on the network. Meanwhile, providers would get the biggest boost from this service, because their credit would extend beyond one platform.
The seven key principles of Odyssey’s development include the following: decentralized and minimum operating cost, open source and scalable, trustworthy and anonymous, autonomous and better compliance, incentivized participation, better demand and supply matching, and quicker transactions without payment barriers.
The Odyssey ecosystem relies on participation from both sides of the two-sided marketplace, with consumers incentivized to review providers in ocoins (OCN), Odyssey’s proprietary ERC-20 cryptocurrency token. OCOIN is the token on Odyssey, which will be used as a fuel within the Odyssey ecosystem. The project launched another token, OCP, in the early months of 2018 and started airdropping to OCN holders in November 2018. Hence, OCN and OCP are the proprietary ERC-20 cryptocurrency tokens used on the Odyssey platform.
OCN was also airdropped, but it’s done so like Proof-of-Stake (PoS) mining, in which users build credit by holding OCN and participating in the Odyssey ecosystem (which revolves around providing services or reviewing providers). The team then distributes the token according to each user’s node credit ratings. Odyssey upholds credit as an important feature since it operates on shared economies that are trust-based systems.
OCN is used to pay for tokenized transactions on the Odyssey network. As an ERC-20 token, OCN can be stored in any ERC20-compatible cryptocurrency wallet. The Odyssey platform already has a mobile crypto wallet payment service called OCPay, and its OCNEX cryptocurrency exchange went online in October 2018, although it appears to have gone offline since then.
Odyssey already has two supposedly
Working programs – a wallet/payment app for mobile phones called OCPay and a crypto exchange called OCNex. OCPay is the native wallet for Odyssey Coin (OCN). This option is a mobile wallet, available on iOS and Android. OCPay also provides plenty of additional features, like one-stop digital asset management, multiple account wallets, real-time updates, and P2P payment capabilities. OCPay is the improved version of the OCN Wallet, which is an API/SDK that ensures that all communications utilize 256-bit encryption and only the wallet owner has access to private keys.
Who are the founders of Odyssey (OCN)?
Odyssey’s tech team is composed of several members that have leadership experience in some of China’s largest companies.
Ranran Liu previously worked as a senior engineer at Tencent, and Minxu Liu is a former data and algorithm expert at Alibaba and a key developer in designing Taobao’s data platform and recommendation engine.
Xianlong Shao previously served as a senior engineer at PingAn, the world’s largest insurer.
What is Odyssey (OCN) for?
Services like Uber and Doordash require minimum ratings of their drivers, and the platform allows both drivers and riders to decline a transaction if they don’t like the ratings.
Odyssey Coin is a next-generation decentralized sharing economy (i.e., Airbnb or Uber) and peer-to-peer ecosystem that uses a combination of smart contracts, artificial intelligence, and big data.
Service Providers are the core value creators of the ecosystem as consumers purchase services with OCN. The protocol records a consumer’s behavior quality during the entire service lifetime, which dynamically impacts the service consumer’s credit.
Odyssey allows users to mine, as miners play an important role in verifying transactions.
How is Odyssey (OCN) unique?
The project is filled with a talented team as well as strong backing from big-name tech companies and individual investors like the Singapore-based tycoon, Tron CEO Justin Sun, and Avazu Holding CEO Yi Shi, who are both TRON and QTUM Founding founders. Game.com Founder & CEO Le Xu and BlockVC Founder Kevin Hsu are also led by the investors and advisory team of the project.
Odyssey boasts strong partnerships, including Amazon Web Services, IBM, and Tron. Odyssey’s core team is heavily involved in Tron and Qtum, with interoperability a major focus of each project. They do not intend to take any commission fees, and all profits will cycle back into the incentive pool. It will also have a feature to detect and prevent click farming.
How many Odyssey (OCN) coins are in circulation?
It has a circulating supply of 8,000,000,000 OCN coins and a maximum supply of 10,000,000.
Since 10,000,000,000 OCP tokens were minted and were originally meant to be used as payments on the Odyssey platform, many industry analysts and Reddit forums were worried as to why two currencies are necessary for a platform seeking to unify shared economy platforms.
How is the Odyssey network secured?
The Odyssey network has set numerous plans to ensure the safety of its protocol and its users.
How do I buy Odyssey (OCN)?
Odyssey is a blockchain built specifically for the shared economy. It is built on the Ethereum blockchain and uses two ERC-20 cryptocurrencies – OCN and OCP. These tokens fuel network transactions and are used as a form of in-house payment. The OCN token can be used for a wide range of uses, like staking and mining.
OCN tokens can be easily purchased by the following steps.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy OCN through your trading account.
Which Cryptocurrency Wallet Supports Odyssey (OCN)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Odyssey (OCN). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their OCN wallet because it offers a simple interactive interface, making it easy for people to navigate its system.