What is (OCN) Odyssey crypto
Odyssey Coin wants to build the next-generation decentralized sharing economy, which would compete with Uber or AirbnB. The project plans to achieve this by using artificial intelligence and smart contracts, along with analysis of data.
The 4 key principles of Odyssey’s development include the following: decentralized and minimum operating cost, open source and scalable, trustworthy and anonymous, autonomous and better compliance
incentive programs, better demand-supply balance, and quicker transactions without payment barriers
Three main issues with the current sharing economy: The first point is that it enables a monopoly and allows for high margins. The second is that often this platform ‘picks winners and losers’ and the third points includes its impact on society as a whole.
The ownership of valuable assets is concentrated within a small group of well-off people. There is no effective incentive mechanism to encourage users to share their surplus risk capital, behave well, or contribute to the ecosystem’s self-sufficiency.
Companies like Lyft, WyzAnt, and Airbnb have been around for a while and are still going strong. Odyssey is a platform that helps tokenize these kinds of businesses & assist in their success. Consumers spend with OCN token to incentivize vendors they are happy with, or that meet their standards. Vendors are then incentivized to provide better service by ranking the reviews of consumers on their site.
Odyssey is a decentralized platform that was built on the Ethereum blockchain and uses two ERC-20 compatible cryptocurrencies – OCN and OCP. These tokens allow for efficient network transactions and can be used as part of in-house payments.
Where and How to Buy Odyssey (OCN)
You ae not able to buy bytecoin directly, so to get around this hurdle there are a few simple steps that you need to take, the first one is to register onto an exchange. Then we will need to trade a crypto for bytecoin in a trading pair.
Binance has quickly become one of the most popular cryptocurrency exchanges due to its low fees and ease of use. The platform is easy to use, and it doesn’t require you to create an account.
Binance is a world leader in crypto market trading. They offer high levels of security, unparalleled customer support, and real-time pricing. Their decentralized company structure means that no single person has the power to manipulate the price or steal funds like many other companies.
Binance is a cryptocurrency exchange that has quickly grown in popularity. The biggest advantage that Binance has is their low trading fees. They charge 0.1% for all trades, making it one of the cheapest exchanges out there to use.
Step 2: Fund you Binance account.
We need to fund your binance account with BTC so that we can trade it later for Odyssey
Sign in to your newly registered Binance account and then access the ‘buy crypto’ option under the ‘account’ dropdown.
We recommend BTC as this is the only listed trading pair. Order recurring payments if you want to set a regular buy order.
You can use your debit or credit card to purchase Bitcoin from one of the top websites on the market. This is a quick and easy option because this website has been around for a long time, so it’s pretty much guaranteed to have all of the information you need.
Step 3: Trade Your BTC For Odyssey
Just now find the correct trading pair in the exchange platform, OCN/BTC
Once you have done that you have the option of a market or limit buy order.
Market orders are typically used for buying and selling securities (stocks, bonds, derivatives). A market order is an order to buy or sell a security at the best available price. A limit order, on the other hand is an order for which you specify a maximum price you are willing to pay or sell at.
Is OCN Odyssey a good investment
Yes we believe it is!
Odyssey is a blockchain designed for decentralized marketplaces. It aims to offer marketplaces that are decentralized & secure with minimal fees. There are many investment opportunities in this development, which still continues today.
Odyssey’s system is meant to function as the glue that holds together the entire shared economy. Users can track providers across a range of services to be rewarded for giving reviews and other activities.
Uber drivers are only able to accumulate driving time on Uber, which is why they should stick to driving for Uber. However, it would be a bad idea for Lyft drivers to switch to driving for Lyft because they will have to build up their rating all over again.
Odyssey is a very ambitious project and it needs intensive collaboration to succeed. It appears that some of the team members are heavily involved in other work related to Qtum & Tron, which may be why it is less active as they would like. Many partners or funding sources such as these can help give Odyssey the boost that it needs to succeed as a crown jewel of the crypto.
Odyssey already has two working programs – OCPay and OCNex.
Odyssey is a blockchain software and consulting company. The company’s core members are heavily involved in Tron and Qtum, two popular projects with great potential for mainstream usage. They were also conceptualized on the Ethereum network instead of one of the other partner projects.
This will be a big win for the company if they can partner with any (or, preferably, all) of the shared economy platforms. But it’s easier said than done and requires lots of proofs to make this happen
Odyssey is an ambitious project that aims to compete with the likes of Airbnb and Uber. It has yet to demonstrate its capabilities and move towards user adoption.
Part of this could be due to the fact that the project did not launch at the beginning of 2018 and has not had enough time to execute on its plans. The ambiguity of it’s roadmap for niche-specific market execution could also be a limit.
All this, of course, makes the Odyssey project something that will be interesting to keep an eye on in the coming years. With a talented team and strong backing from big-name tech companies and individual investors, it’s certainly something to get excited about.