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ODIN Protocol Goes Live on Binance Smart Chain (BSC) with a BANG!

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5 years ago

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The ODIN protocol has officially launched on the Binance chain in its continued efforts to democratize the Big Data industry, currently valued at over $260 billion. The Open Data Interoperable Network (ODIN) is a decentralized system aimed at organizing the data oracle network, based on an open protocol for interaction with market participants and a sustainable economy. The project seeks to introduce the future of true decentralized big data by building a decentralized peer-to-peer data sharing and trading ecosystem. ODIN essentially combines the benefits of cryptography and decentralized technologies. The new system also brings together the simplicity of connecting data providers and the flexibility of developing contracts to receive and process data from them. The result is an ecosystem that increases the scalability and reliability of circulating data. This BSC integration will help the ODIN system achieve its goal of building an open ecosystem that establishes trust relationships between the market participants while giving back control to data generators (the users). ODIN will tap into the scalable BSC blockchain to eradicate intermediation in the industry and foster faster growth and adoption of the project’s native tokens. The move to BSC will now enable users to execute operations at high speed and low transaction costs. The ODIN team chose to build on Binance Chain due to the fast-growing ecosystem of the Binance network and lower gas fees compared to Ethereum.

The ODIN Protocol Binary Token System

The ODIN protocol implements a binary token system consisting of the native GEO and ODIN tokens. ODIN has its initial total supply capped at 100M tokens and is used to secure the network and serve as a means of payment for Data consumers; the community also uses it to participate in System Governance.  ODIN applies a deflationary mechanism and 20% of all tokens will be burned, resulting in a final supply of 80m. The protocol also usesthis first token as an incentive for validators to produce new blocks and submit responses to data requests. Validators are rewarded with a 12% APR of the subsidy in each block. They also receive 100% of the fee paid by users and all the tokens received due to violations of the ODIN protocol rules. The second token, GEO, has a total supply capped at 350 million tokens and is used as payment to Data providers. GEO serves as an inflationary token that data producers and data providers can quickly obtain. The ODIN team will use an auction mechanism to buy out a certain GEO amount for the ODIN token if the data is paid and consumed in the system. Moreover, 50 million GEOs are to be distributed among data providers for about five years with an average rate of 27.400 per day. Tokens bought back by the foundation from the data acquisition transactions will be used to reward the next group of data-generating users.

ODIN use cases

  • Streaming of anonymized user-generated data such as location, health, consumption, mobile data & others from off-chain applications to onchain smart contracts.
  • Dynamic NFT allowing to update data records within NFT from real-world data
  • DeFi applications need to be fed with real-world data such as off-chain trading platforms, prices, forecasts, statistics, and various analytics.
  • Betting dapps can be fed with data from the real world to bring more decentralization & fairness to the betting sector.

ODIN Fair Launch

ODIN did a fair launch event on pancakeswap on 21st April gaining almost 9000 wallet holders within a few hours! We are excited to see what is next for ODIN as in a few days they will be revealing their testnet according to their roadmap!
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Press Release

ChainUp Joins Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor

Published

3 days ago

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January 23, 2026

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We’re thrilled to announce that ChainUp is now a Secondary Exhibition Sponsor for Hong Kong Web3 Festival 2026 taking place from April 20 to 23, 2026 at Hong Kong Convention and Exhibition Centre.

ChainUp, a leading global provider of digital asset solutions, empowers businesses to navigate the complexities of this evolving ecosystem. Founded in 2017 and headquartered in Singapore, ChainUp serves a diverse clientele, from Web3 companies to established financial institutions.

ChainUp’s comprehensive suite of solutions includes crypto exchange solutions, liquidity as-a-service, custody services, MPC wallet-as-a-service, KYT crypto tracing analytics tool, asset tokenization, crypto asset management, and Web3 infrastructure such as mining, staking, and blockchain APIs. For more information, visit: https://www.chainup.com/

The Hong Kong Web3 Festival (“the Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

The previous three editions of the Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

As Asia’s premier crypto event, the Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities. Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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Press Release

Hong Kong Web3 Festival 2026 is Proud to Welcome Hotcoin as a Primary Exhibition Sponsor

Published

3 days ago

on

January 23, 2026

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Hong Kong, 23rd January 2026, ZEX PR WIRE, Join us in giving a grateful welcome to Hotcoin, who will be joining us for Hong Kong Web3 Festival 2026 as a Primary Exhibition Sponsor!

Hotcoin is your go-to global crypto exchange where trading feels easy, secure, and exciting.

The Hong Kong Web3 Festival (“the Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies. Hong Kong Web3 Festival 2026, the fourth edition of this epic crypto summit, will take place from 20 to 23 April at HKCEC.

The previous three editions of the Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

As Asia’s premier crypto event, the Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities. Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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Qtum Joins Hong Kong Web3 Festival 2026 as a Platinum Sponsor

Published

3 days ago

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January 23, 2026

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Hong Kong, 23rd January 2026, ZEX PR WIRE, We’re excited to announce that Qtum is now a Platinum Sponsor for Hong Kong Web3 Festival 2026 taking place from April 20 to 23, 2026 at Hong Kong Convention and Exhibition Centre.

Qtum is a decentralized, open-source public blockchain that merges Bitcoin’s security with Ethereum’s smart contract capabilities.

The Hong Kong Web3 Festival (“the Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

The previous three editions of the Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

As Asia’s premier crypto event, the Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities. Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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