Oddz aims to build a multi-chain options and derivatives trading platform on Binance Smart Chain, Polkadot and Ethereum, enabling users to trade customized options with rewards. It will be leveraging layer 2 solutions and relayer networks to solve the latency and lowering the gas fee for Ethereum transactions.
The project was founded in late 2020, and the whitepaper was published on Mar. 1, 2021 and an initial DEX offering (IDO) was held on Mar. 18, 2021, selling 900,000 tokens to hundreds of supporters. It was already backed by several industry leading investment funds, including AU21 Capital, Woodstock and NGC ventures.