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chainmaster
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Asked: 2022-04-23T08:00:25+00:00 In:

What makes ODIN protocol special?

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  1. Enlightened

    By becoming a full DAO (decentralized autonomous organization) in the near future, ODIN’s treasury will function as following:

    • Selling ODIN tokens to the market participants (data consumers, stakers, validators, investors) and keeping received payments in the form of native crypto assets (BTC, ETH, DAI) and tokenized USD
    • 80% of collected funds received from selling the ODIN token will be used to buy out $GEO tokens via auction mechanism every time, as soon as a 800 USD threshold is achieved. Acquired $GEO tokens will be allocated to a recycling pool for the future use as a means of payment to data providers (users of the GeoCash and GeoScan app that can be downloaded from your Android or iOS app store), while 20% of collected funds are then subject to invest in the DeFi space with investment decisions offered and approved by ODIN’s system governance
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