Odin Protocol

# ODIN Protocol (Open Data Interoperable Network)

## What Is ODIN Protocol (ODIN)?

At Odin Protocol, we are building a robust and reliable infrastructure for data acquisition. Our decentralized autonomous organization (DAO) is dedicated to creating a data-driven economy where individuals can monetize their data in a transparent, secure, and decentralized way.

We understand that AI, IoT, and ML are becoming increasingly prevalent in today's world, and with it, the need for data will skyrocket. We believe that individuals should start participating in data monetization now, as they are missing out on a lot of value that they can make by providing their data to the ecosystem. 
With the increasing importance of data privacy, more and more people are now realizing the importance of owning their data. We are building a system where people will be able to decide when they can share and when they can't. Whenever the data is shared, they earn from it, now or in the future.

[Wallace](https://wallacewallet.io/english) is the core Odin wallet and is also a data wallet that will evolve with many new features like one-click data participation and Odin ID integration which ranks each user and the quality of their data all encrypted and owned and controlled by users.

Our unique approach includes an Oracle that helps verify information from APIs in the real world, as well as verifies data between the DAAPs that are providing data to Odin. This verification makes it possible for DAAPs to access verified data sets, which is crucial for compliance with data privacy regulations.

In addition, we are creating a game engine that allows different games to connect and share data. The players will be able to benefit by carrying this info or rankings over blockchain to other games, building a more profound and trustable user engagement. Odin is building its own game ODIN 9 Worlds (O9W) as the first game use case for it around Norse mythology, this is not just being built as an example but an actual playable and enjoyable game for the masses that we ourselves would love to play.

In conclusion, Odin Protocol is creating a new decentralized data economy where users can monetize their data and applications can access fresh and verified data sets. It is an exciting time & opportunity to be a part of the data economy and take control of your data.
 
 
## How Many ODIN tokens are There in Circulation?  
ODIN Protocol is part of #Cosmos network and has a current circulating supply around 17 million.
 
Connect to our [trading Chat](https://t.me/geodbtrading) to find fellow traders.

**ODIN is the native utility token that is used in the following aspects:**

1. Fees for processing transactions and storing data

2. Used for governance votes to determine how network resources are allocated


## What else makes ODIN protocol special?


Odin Protocol is a decentralized data acquisition and monetization platform that allows individuals to monetize their data in a transparent, secure and decentralized way. It enables data-driven applications to access fresh and verified data sets, all while being in compliance with data privacy regulations. The platform is built on the Cosmos blockchain and utilizes an oracle to verify data between DAAPs, making it possible to have a more robust and quality data in the ecosystem. The platform also has a Decentralized Autonomous Organization (DAO) that allows users to propose and vote on changes to the protocol. Additionally, Odin Protocol has a built-in game engine that allows games to connect and share data, creating a more profound and trustable user engagement. The game engine is also the first use case for the platform's reward system. The Odin Protocol also has a wallet, Wallace, which is not just a wallet but also a data wallet that is evolving with many new features like one-click data participation and Odin ID which ranks each user and the quality of their data all encrypted and owned and controlled by users. Overall, the combination of data acquisition, data privacy, and a reward system make Odin Protocol unique in the market.


Odin Protocol is a data-centric, interoperable ecosystem that utilizes a layer-1 blockchain, an inbuilt oracle, and a rewards-based system for users. 

Osmosis

Celestia

dYdX (Native)

Akash Network

Dymension

Neutron

Stride

XPLA

Persistence One

OmniFlix Network

Sentinel

IRISnet

KYVE Network

Bostrom

UX Chain

Onomy Protocol

Levana Protocol

Source

Teritori

Carbon Protocol

Opium is a new platform for launching and trading cryptocurrency derivatives.

Having begun operations in May 2020, Opium uses Ethereum to run a decentralized derivatives marketplace in which any cryptocurrency owner can participate.

The aim of the platform is to democratize access to financial derivatives while using the benefits that decentralization affords traders over legacy alternatives.

Opium’s in-house token, OPIUM, launched in January 2021 and will fulfil various roles mostly centered around platform governance. Active users will be able to vote on some of the most important decisions involved in the platform’s operations.

Opium

Graviocoin

High Performance Blockchain is the first permissionless public blockchain to innovate with hardware acceleration and provably random numbers:

acceleration delivers fast, ultra low-fee, on-chain transactions

provably random numbers support 100% fairness

HPB (the coin) is used to pay transaction gas fees and to reward node operators.

Hyperblox

WaykiChain

TranslateMe Network Token

QuadrantProtocol

Edge

Telos

saffron.finance

MAP Protocol

Tachyon Protocol

Humaniq

Router Protocol

Alpaca Finance

Bifrost Network is an EVM-compatible layer 1 blockchain network designed to achieve interoperability and bring Web3 to Web2 users. Equipped with advanced cross-chain functionalities, Bifrost seamlessly connects various blockchain networks, including the Bitcoin Network, and allow DApps to utilize a range of promising cryptocurrencies from any supported blockchain networks. Bifrost Network leverages the interoperability by utilizing native BTC to DeFi services. BTCFi is an asset management service that uses Bifrost Network to provide wide range of use cases for native Bitcoins.

Bifrost

ForTube, previously known as the Force Protocol, describes itself as a suite of distributed crypto-finance service protocols that runs on an open-source blockchain. Its main aim is to offer crypto-finance solutions to developers through its software development kit (SDK) and application programming interfaces (APIs) for decentralized application (DApp) development.

The platform offers solutions for cross-platform asset transactions, cross-chain communications, crypto-asset-backed stablecoin insurance, token board insurance, and on-chain payments. The Force Protocol project is a decentralized protocol layer that is developed and managed by the Force Protocol Foundation Ltd.

ForTube launched its decentralized finance (DeFi) service on the Binance Smart Chain (BSC) in September 2020.

ForTube offers many advantages, including flexible support of globally popular cryptocurrencies that provide higher yield combinations and an upgraded algorithm and ledger structure that significantly reduces gas costs. It also has a robust technical framework with more secure smart contracts.

ForTube

IRISnet is a service protocol and cryptocurrency, which was officially launched on Mar. 1, 2019. The primary purpose of the IRISnet protocol is to provide a blockchain-based, open network to small and medium businesses that are offering a wide variety of services.

According to the official IRISnet Whitepaper, the protocol aims to employ different public and consortium blockchains to bring the power of decentralized, open networks to thousands of businesses and freelance service providers. Interestingly, IRISnet was named after Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology.