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

Team Bitcoin Daily

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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

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

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The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

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Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

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We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

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Press Release

Gam3: Revolutionizing Blockchain Gaming with Layer 3 Technology on Arbitrum

Team Bitcoin Daily

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The blockchain gaming industry is on the cusp of a revolution, and Gam3 is leading the charge. As an AI-driven blockchain gaming platform, Gam3 is set to redefine the gaming landscape by leveraging the advanced capabilities of Arbitrum’s Layer 3 technology. With its seamless integration of Web3 and SocialFi elements, Gam3 offers a unique, community-driven gaming experience that stands out in the rapidly growing GameFi sector.

Introducing Gam3: The Future of Blockchain Gaming

Gam3 is more than just a gaming platform; it’s a comprehensive ecosystem designed to provide players with unparalleled gaming experiences. By harnessing the power of Arbitrum’s Layer 3 technology, Gam3 ensures fast, secure, and scalable transactions, making it the ideal environment for both casual gamers and hardcore enthusiasts.

Key Features of Gam3:

  • AI-Enhanced Gameplay: Enjoy a dynamic and immersive gaming experience powered by advanced AI algorithms.
  • Community-Driven: Engage with a vibrant community of gamers, developers, and blockchain enthusiasts.
  • True Ownership: Own and trade in-game assets with complete transparency and security on the blockchain.

Why Gam3 is Built on Arbitrum?

Arbitrum is one of the leading Layer 2 scaling solutions for Ethereum, designed to offer high throughput, low latency, and low-cost transactions without compromising security. Here are the reasons why Gam3 chose to build on Arbitrum.

1. Superior Scalability: Arbitrum’s Layer 3 solution allows Gam3 to handle thousands of transactions per second, ensuring a smooth and lag-free gaming experience even during peak times. This scalability is crucial for maintaining a high-quality user experience as the platform grows.

2. Cost Efficiency: Transaction fees on Arbitrum are significantly lower than on the Ethereum mainnet. This cost efficiency is passed on to the users, making it more affordable to engage in gaming activities, trade assets, and participate in the Gam3 ecosystem.

3. Robust Security: Built on Ethereum, Arbitrum inherits its robust security features. This ensures that all transactions and in-game assets on Gam3 are secure and tamper-proof, providing peace of mind to users.

4. Interoperability: Arbitrum’s compatibility with Ethereum means that Gam3 can easily integrate with other Ethereum-based projects and assets. This interoperability expands the potential for cross-platform collaborations and innovations within the Gam3 ecosystem.

Become Gam3 node operator:

To participate in this groundbreaking platform, users can purchase Terra node keys, which are essential for running nodes and contributing to the Gam3 network’s security and efficiency. Starting at just $349, these keys are a valuable investment for those looking to be part of the next big thing in blockchain gaming.

Why purchase a Terra Node key?

  • Support the Network: Help maintain the security and stability of the Gam3 ecosystem.
  • Earn Rewards: Receive incentives and rewards for running a node and supporting the network.
  • Be Part of the Future: Join a forward-thinking community that is shaping the future of gaming and blockchain technology.

The Terra nodes are in high demand, starting at $349 for the Early Adopter phase. Following this, the official release will commence with the first 5,000 keys priced at $399, with the price increasing by $50 after every subsequent batch of 500 keys sold. This structured and predictable pricing tier will continue up to a total of 50,000 keys. Own a key today and become a pioneer in the next generation of blockchain gaming with Gam3.

For more information and to secure your node key, visit our website and join the Gam3 community today.

Find more: Website | Twitter | Discord | Telegram Channel | Telegram Discuss|

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