Odyssey (OCN)! Does this sound like literature? Yeah sure. The Greek hero fated to murder his father and marry his mother. Bad fate! Except that here we’re talking about a coin; a cryptocurrency with prospects that separates it, from bad eventualities. This is not to say that it might not encounter some snags.
Odyssey (OCN) was implemented by the Odyssey Protocol foundation; and has made a number of interesting progresses. Odyssey as a blockchain protocol leads the OCNEx platform. OCNEx is an exchange that incorporates other networks.
OCNex aims at exchange of assets across the global blockchain. The exchange went functional on the 15th of August and includes other topnotch cryptocurrencies like BTC, ETH, LTC, IOTA, OCN, TRX and a host of others.
OCNEx is set on building a Global Sharing economy community. The listing of $OCN and $OCP is a strategy by the team at Odyssey to move the mission of the group. The team aims at simplifying the digital world by cutting down, on the whole, the expenses and intricacies of the peer-to-peer network technology.
What are OCN and OCP?
OCN simply means ocoins; short form for Odyssey coins. Although the coin dropped a little below the first hundred coins, a comeback seems inevitable. About one month ago, its market capital skyrocketed from $25 million to above $66million. As at the time of writing, its current market cap is $46m.
OCP is the same as OCPay; Odyssey’s unique wallet. Towards the end of August, Odyssey landed a major breakthrough when it successfully implemented OCPay on Apple. You guessed right! OCPay may now be used along with other payment systems. The wallet already comes with the infrastructure to accommodate multiple virtual currencies.
Commercial ventures can employ OCPay as their wallet service provider. It has an easy-to-use asset management design that allows a range of advanced programmes. Users do not need to worry about updates; OCPay’s inbuilt programme keeps tabs on asset updates and deploys it on the device. It also runs concurrent with the OCP airdrop.
Airdrops in OCP have gone on for quite a while now. From time to time, the team at Odyssey have announced airdrops; with participants acknowledging receipt of their coins. That’s right!
The airdrops are a brilliant idea to force OCN into the front row in the cryptocurrency market. At Odyssey, something is brewing. Around the 17th of October, OCN went up by 30%, pooling in more investors. We might need to keep our fingers crossed.
The first round of airdrops was released in the month of August. The Medium platform of the Odyssey Protocol announced the intention of the snapshot process to continue for a span of 50 months.
Huge! The Airdrop plan is to share 200,000,000 $OCP among participants every month. To participate, OCP holders need a minimum of 5,000 OCP in private wallets.
What Really Is Odyssey (OCN) About?
An innovation of CEO Shi Yi; Odyssey(OCN) is an alltimer Peer-to-Peer protocol that looks to favoring the entire virtual space. You might call it a global interface. Its Roadmap includes 3 phases (MVP realisation, Ecosystem establishment, Ecosystem booming) that is earmarked for full realization in the year 2021.
As of now, the Odyssey coin wallet; credit-based sharing ecosystem and; system of rewards are a success in the implementation of the roadmap. The three aforementioned plans are a part of the first phase of the roadmap slated for completion in October 2018. The final leg of the first phase of the Roadmap is OBIKE.
Obike is a bicycle sharing system that was launched in Singapore – the home base of the Odyssey protocol.
It works like Uber in terms of easy access and location of bicycles close. The bicycles are not fixed to a Park and can be returned by a user by placing it in just about any location. It operates by a Bluetooth security system.
Users only need a phone that could pay cashless; since Obike operates peer-to-peer. Obike started out by incorporating Grabpay as the wallet service provider.
The second batch of the Roadmap – incorporating a greater percentage of the virtual world into Odyssey’s peer-to-peer ecosystem; which was slated to begin this October, is in full swing already.
Another aspect of the second batch includes creating more solutions for the Ethereum blockchain. Odyssey intends to examine ways of dealing with scalability issues using EVM.
The third part of the Roadmap is to begin implementation in October 2019. It involves extending OCN’s credit card platform to several parts of the digital sharing economy.
In the same thrust, data could be shared among sub-ecosystems. The overall aim is to attain a frictionless and wider cost-effective global market.
Recents on Odyssey (OCN)
In spite of the success recorded by Odyssey (OCN), there are speculations that the involvement of crypto enthusiasts is as a result of FOMO. Our take is that FOMO itself might be an advantage. Reasons? FOMO is most times an indicator of the potential that a fresh blockchain technology wields.