ODIN Blockchain, a mobile-first privacy-focused platform powered by $ODIN, aims to be the leading privacy-centric dApp platform in the industry.
Governed by ODIN Society, a United Kingdom Financial Authority recognized non-profit and workers cooperative, ODIN finds its strength in its community. With a robust masternode network and superblock funding encouraging development on a decentralized level, we see ourselves growing and anchoring a position as a trusted source for privacy tools and services.
ODIN.Chat, the first dApp to spring from the well that is ODIN, is a 100% anonymous and private end to end encrypted messenger. Chat makes use of cutting-edge cryptography allowing for secure communications for everyone from the power privacy user to daily driver who doesn’t want to be exploited by data mining conglomerates. In addition to a chat experience without sacrificing personal data like your phone number, email, or even name, we make sending, receiving, and storing your $ODIN with the built-in wallet.
ODIN Team and Origins
The project thus far has been entirely community-driven since the initial launch.
ODIN is led by an international network of active collaborators with a broad range of expertise. The main goal of these collaborators is to support the growth of ODIN at a global scale. Since our launch in October 2018, we’ve had a handful of community members to step up and assist with the following:
- Legal Assistance
- Content Creating
ODIN is the native currency of the ODIN blockchain. It is used to pay for transactions on this public blockchain in order to incentivize its network of stakers that process and record transactions for projects and users there. This means that ODIN has real fundamental value as the currency of a functioning economy.
The ODIN staking approach offers diverse options, ranging from simple staking to more demanding node schemes. A block reward will be split between masternodes operators and stakers, and the exact ratios of the reward distribution will be adjusted as over time. The projected ROI for ODIN staking includes a steadily decreasing inflation rate which provides favorable economic conditions.
Masternodes are high-performance blockchain nodes that form the backbone of the ODIN blockchain network. Wallet addresses with exactly 25,000 ODIN can operate a masternode, either from a local computer or from a cloud-hosted server. Masternodes are required to be up and running 24 hours per day, processing all transactions.
Massive Automated Scalable Hosting (MASH)
MASH is the easiest way to setup ODIN masternodes. Masternode setups are divided up in two parts: the local setup and the remote setup. The MASH service completely manages the remote setup for you. You are able to have a masternode up and running within minutes. The funds from this hosting service get re-invested straight back into the project for costs that we have such as licensing, hosting fees, exchange listing fees, etc.
With the continued development of existing products, services, and market expansion opportunities, we see ODIN flourishing on its journey to becoming the de facto privacy platform in the world and with it ODIN.Chat finding itself as the messenger of the modern man.
Quarter one of 2020 should see the release of a software developer kit allowing for developers to tool in fun and innovative tech for ODIN.Chat, increasing the overall user experience. Furthermore, with additional coin support for both the in-app ODIN.Chat wallet, and MASH Masternode hosting service platform planned, we expect to see an increase in our user base as we tap into and expose our products, services, and values when it comes to privacy and cutting edge cryptographic protocols.