In an era where data reigns supreme, how can individuals take control and truly benefit from their digital footprints? Enter Odin Protocol – a cutting-edge decentralized data acquisition and monetization platform that not only prioritizes data privacy but also empowers users to transform their data into tangible value. Built on the robust Cosmos blockchain, Odin Protocol facilitates seamless, transparent, and secure data sharing, ensuring compliance with data privacy regulations. With innovative tools like the Wallace Wallet and an integrated game engine, Odin Protocol is not just a platform but a revolution in how we perceive and utilize data in the modern world. Dive in to explore how you can be part of this groundbreaking journey.
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 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 the Cosmos network and has a current circulating supply of around 17 million.
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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 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 (Open Data Interoperable Network)
ODIN is the native utility token that is used in the following aspects:
- Fees for processing transactions and storing data
- Used for governance votes to determine how network resources are allocated
Token Market Data
- Current Price: $0.2156
- Market Cap: $3,766,163.90
- 24h Price Change: 25.25%
- 7d Price Change: 117.20%
- 30d Price Change: 29.55%
- 24h High: $0.2280
- 24h Low: $0.1714
- All-Time High: $0.3510 (2024-01-02T21:05:00.000Z)
- All-Time Low: $0.0004 (2022-04-21T16:16:00.000Z)
- Circulating Supply: 17,468,924.66
- Total Supply: 138,200,000.00
The Purpose and Utility of the Odin Protocol Crypto Token
The Odin Protocol crypto token, ODIN, serves as the native utility token for the Odin Protocol ecosystem. It has several use cases and solves various problems within the ecosystem.
- Fees for processing transactions and storing data: ODIN is used to pay for fees associated with processing transactions and storing data on the Odin Protocol network.
- Governance votes: ODIN token holders can participate in the management of the system by proposing and supporting changes to protocol rules, voting for their adoption, and determining how network resources are allocated.
- Data flow governance: ODIN governs the data flow within the ecosystem, particularly the "$GeoDB" data flow, by applying the delegated Proof of Stake (dPoS) consensus. This incentivizes participants to actively contribute and maintain the network's high quality and self-improving state.
- Decentralized data sharing and trading: Odin Protocol aims to build a decentralized peer-to-peer data sharing and trading ecosystem for delivering real-world data to on-chain for various use cases such as DeFi, betting, forecasting apps, or NFT.
- Data providers pool: A small portion of the ODIN token supply is allocated for the data providers pool, which can be used as an exchange pool in the future when other currencies beside ODIN are accepted as a payment for data.
- Data monetization: Odin Protocol enables individuals to monetize their data in a transparent, secure, and decentralized way, addressing the growing need for data in AI, IoT, and ML applications while ensuring data privacy and ownership for individuals.
In summary, the Odin Protocol token, ODIN, is integral to the ecosystem, providing utility in transaction fees, governance, data flow management, decentralized
