What does the company/project do?
ODYSSEY is building a next generation decentralized sharing economy and Peer to Peer Ecosystem.
The project aims to reduce overall operating costs, improve market efficiency, and improve the profitability of product and service providers in the global sharing economy for a peer-to-peer ecosystem. Using blockchain contract as well as AI and Big Data, ODYSSEY will bring a lower revolution to the ecosystem:
One “Credit / Trust Protocol” for all players in the ODYSSEY ecosystem:
- Decentralized and minimal operating costs
- Open source and scalable
- Reliable and anonymous
- Autonomous and better compliance
- Intensified participation
- monetization
Community Peer to Peer Ecosystem:
- Decentralized and minimal transaction costs
- Easy monetization
- Better distribution and compliance
- Faster transactions without payment barriers
“At ODYSSEY (OCN), we believe in an autonomous and open market that enables greater efficiency in products and services while offering reduced operating costs. This exciting collaboration with Qtum will help ODYSSEY (OCN) establish the foundations of an open and trusted blockchain system, moving us closer to making mass adoption of a crypto-centric economy possible,” commented Sophie Guan, ODYSSEY Project Manager.
What is Odyssey Cryptocurrency (OCN)
Odyssey Cryptocurrency (OCN) is a digital platform token that wants to create a next-generation decentralized sharing economy and Peer to Peer ecosystem. The primary focus of the ODYSSEY platform is to reduce overall operating costs, improve market efficiency and increase the profitability of selling products and services in the economy.
In order for the platform's activities to be legal, the developers registered ODYSSEY FOUNDATION in the jurisdiction of Singapore, which was chosen due to its stable and well-established laws and general financial environment. According to the constituent documents, ODYSSEY FOUNDATION is a non-profit organization, therefore any income of the company will be used to carry out activities and events.
Economic system of exchange
ODYSSEY - builds a reliable economic exchange system, where:
- Everything can be shared, everything can be connected. Exchange is new property.
- Every person should have full ownership of the data they hold and create. Data must be freely owned and not used to exchange the right to participate in the exchange of the economic system.
- Freedom to share, free to share. Each contributor to the ODYSSEY Sharing Economy will be entitled to a proportional return on their contribution in accordance with the ODYSSEY reward mechanism.
- Credit is priceless, and credit must be rewarded according to the mechanism of the project's credit protocol.
- The exchange economy must be non-monopoly and unbiased for everyone.
- The exchange economy must be autonomous.
“There are many block systems on the market today. However, most of them are not designed for a single system, resulting in incompatibility from one protocol to another,” said Patrick Dye, founder of the Qtum Foundation. “We are pleased that ODYSSEY (OCN) is taking a broader approach to their project, and we look forward to supporting them in their quest for mass adoption of the crypto-secure marketplace. We firmly believe that projects like ODYSSEY (OCN) will be of paramount importance to the blockchain economy.”
Development prospects
The idea of creating a decentralized sharing economy Odyssey is positively assessed by both users and analysts. The development of blockchain technologies helps to move away from ineffective and costly processes in favor of more progressive methods of interaction.
In the context of its goals, Odyssey strives to achieve the following objectives :
- decentralization of the network and creation of a trading platform with minimal commission charges;
- scaling transactions and ensuring high platform throughput;
- reliability of data storage and confidentiality;
- preservation of the basic values of the system and the autonomy of its functioning;
- motivation of participants and stimulation of activities;
- absence of borders and barriers in the provision of goods and services.
Taking these factors into account, the Odyssey idea looks quite attractive for successful development. Analysts note the difficulty of technical implementation of the goals. The development team is represented by fairly qualified specialists, but the platform being formed is too global and multifaceted.
Positive aspects of the development include Odyssey's investment and partnerships with other projects. The platform has received funds from the QTUM Foundation, TRON Foundation, Vision Plus Capital, as well as a number of well-known investors, including Alibaba co-founder Eddie Wu. Such support indicates the relevance of the project and a positive assessment of its potential by experts.
In this context, the prospects for long-term investment in Odyssey are highlighted. The project is just beginning to develop and there are all conditions for a profitable investment in development potential. Existing development risks are assessed at a standard level - since all digital technologies are developing in a new direction, one cannot count on safe deposits.
Fund
ODYSSEY PROTOCOL FOUNDATION LIMITED is established with the approval of the Accounting and Corporate Regulatory Authority (ACRA) and under the supervision and regulation of the Companies Act of Singapore. It is governed by a Board of Trustees or Board of Governors formed by authorized trustees for independent management and operation, which is also independent from the administration of the government.
Singapore is known for its stable and established laws and financial environment. As a non-profit organization incorporated in Singapore, ODYSSEY PROTOCOL FOUNDATION LIMITED, under the laws of Singapore, is a legal entity with no commercial interests that maintains and engages in activities for public or private benefits.
“Profits” received by the Foundation are considered surplus and will be retained for the organization and implementation of other activities and events. Members of the Fund will never participate in the distribution of profits.
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Odyssey – economic exchange system
The project was created as an economic exchange system. Main postulates:
- Exchange is a new type of ownership, where everything is common and connected.
- Each contribution to the system can receive a profit proportional to the size of the contribution. There is a special reward mechanism on the platform.
- All participants have the right to control personal data.
- The exchange must be non-monopolistic and unbiased.
- The exchange must be carried out autonomously.
Platform
Developers pay a lot of attention to trust. They introduced the so-called Trust Protocol into the platform. The authors are aimed at creating a crypto-protected market and developing the blockchain economy. But many projects face similar challenges, especially in the Asian region, so the success of Odysseus also depends on its competitiveness.
Platform Goals
The goals of the platform include:
- implementation of tokens for fast and secure payments;
- using decentralization as a defense against majoritarian regulation;
- reduction of transaction costs - bank fees, commissions, interest on transfers;
- reducing the cost of creating marketplaces and their efficient operation;
- increasing the income of service providers and distributors without increasing the costs of buyers and users.
The Odyssey platform should replace traditional financial means used in online stores and microeconomic communities. In the future, the project may influence the formation of new services and adjust supply and demand.
Ecosystem participants
Odyssey has an ecosystem where participants' contributions are valued through an incentive mechanism. Users can contribute to the ecosystem by playing a role.
- Service Provider. Creator of the basic values of the ecosystem. They are rewarded with tokens for their activities.
- Service Explorer. Provides objective, thorough reviews of purchased services. This will allow ecosystem participants to select more effectively. Reviewers can provide likes, dislikes, recommendations, or comments that benefit providers and potential consumers. Reviewers' actions are also rewarded with coins, but since the objectivity and veracity of the review is verified, mistakes are punished financially (reduced reward or credit).
- Consumer. His task is to purchase services for coins. Consumer actions are captured and the results are used to shape user capabilities in the ecosystem. Behavior is monitored continuously and dynamically influences opportunities.
- Operator. Controls the operation of nodes, maintaining autonomy. Selected based on credit history and overall contribution to the ecosystem. He receives remuneration for his work.
- Developer. Develops and implements new applications to expand the functionality of the platform. The developer’s task is to improve the protocol, eliminate breakdowns and failures, and technically develop the ecosystem. They receive remuneration depending on the contribution.
- Miner. Performs transaction processing, receiving rewards.
Infrastructure
Each member of the network plays an important role in maintaining it.
OCN rate:
| 1 OCN = | 0.00174200 AED |
| 1 OCN = | 0.00000000 AFN |
| 1 OCN = | 0.04777000 ALL |
| 1 OCN = | 0.18700000 AMD |
| 1 OCN = | 0.47010000 AOA |
| 1 OCN = | 0.00071890 AUD |
| 1 OCN = | 0.00000000 AZN |
| 1 OCN = | 0.00043350 BAM |
| 1 OCN = | 0.00000000 BBD |
| 1 OCN = | 0.03867000 BDT |
| 1 OCN = | 0.00112000 BGN |
| 1 OCN = | 0.00010970 BHD |
| 1 OCN = | 0.00337500 BOB |
| 1 OCN = | 0.00277300 BRL |
| 1 OCN = | 0.00000000 BSD |
| 1 OCN = | 0.00000004 BTC |
| 1 OCN = | 0.00000000 BTN |
| 1 OCN = | 0.01560000 BTS |
| 1 OCN = | 0.00122200 BYN |
| 1 OCN = | 0.00068620 CAD |
| 1 OCN = | 0.00046970 CHF |
| 1 OCN = | 0.00330500 CNY |
| 1 OCN = | 1.81900000 COP |
| 1 OCN = | 0.29290000 CRC |
| 1 OCN = | 0.01125000 CZK |
| 1 OCN = | 0.00000563 DASH |
| 1 OCN = | 0.00392000 DKK |
| 1 OCN = | 0.14790000 DOGE |
| 1 OCN = | 0.02828000 DOP |
| 1 OCN = | 0.01061000 DZD |
| 1 OCN = | 0.23530000 EAC |
| 1 OCN = | 0.00797400 EGP |
| 1 OCN = | 0.00919500 EMC |
| 1 OCN = | 0.01144000 ETB |
| 1 OCN = | 0.00000121 ETH |
| 1 OCN = | 0.00043490 EUR |
| 1 OCN = | 0.00026530 FCT |
| 1 OCN = | 0.04545000 FTC |
| 1 OCN = | 0.00039210 GBP |
| 1 OCN = | 0.00146300 GEL |
| 1 OCN = | 0.00009008 GGP |
| 1 OCN = | 0.00001178 GIP |
| 1 OCN = | 0.00430700 GTQ |
| 1 OCN = | 0.00397900 HKD |
| 1 OCN = | 0.01200000 HNL |
| 1 OCN = | 0.00305100 HRK |
| 1 OCN = | 0.15140000 HUF |
| 1 OCN = | 7.01300000 IDR |
| 1 OCN = | 0.00161600 ILS |
| 1 OCN = | 0.03812000 INR |
| 1 OCN = | 0.43900000 IQD |
| 1 OCN = | 98.3100000 IRR |
| 1 OCN = | 0.06148000 ISK |
| 1 OCN = | 0.08501000 JMD |
| 1 OCN = | 0.00034820 JOD |
| 1 OCN = | 0.05468000 JPY |
| 1 OCN = | 0.04740000 KES |
| 1 OCN = | 0.02538000 KGS |
| 1 OCN = | 1.63700000 KHR |
| 1 OCN = | 0.60360000 KRW |
| 1 OCN = | 0.20890000 KZT |
| 1 OCN = | 0.69360000 LBP |
| 1 OCN = | 0.09437000 LKR |
| 1 OCN = | 0.00000911 LTC |
| 1 OCN = | 0.00499400 MAD |
| 1 OCN = | 0.00649900 MDL |
| 1 OCN = | 0.00000000 MGA |
| 1 OCN = | 0.53690000 MMK |
| 1 OCN = | 0.00000000 MVR |
| 1 OCN = | 0.48000000 MWK |
| 1 OCN = | 0.01135000 MXN |
| 1 OCN = | 0.00213900 MYR |
| 1 OCN = | 0.00000000 MZN |
| 1 OCN = | 0.01040000 NAD |
| 1 OCN = | 0.23950000 NGN |
| 1 OCN = | 0.00049500 NMC |
| 1 OCN = | 0.00401900 NOK |
| 1 OCN = | 0.06320000 NPR |
| 1 OCN = | 0.00215500 NVC |
| 1 OCN = | 0.03962000 NXT |
| 1 OCN = | 0.00079650 NZD |
| 1 OCN = | 0.00019510 OMR |
| 1 OCN = | 0.00045720 PAB |
| 1 OCN = | 0.00187500 PEN |
| 1 OCN = | 0.00271200 PGK |
| 1 OCN = | 0.02357000 PHP |
| 1 OCN = | 0.07884000 PKR |
| 1 OCN = | 0.00192200 PLN |
| 1 OCN = | 0.00152300 PPC |
| 1 OCN = | 3.26400000 PYG |
| 1 OCN = | 0.00161000 QAR |
| 1 OCN = | 0.00204700 RON |
| 1 OCN = | 0.05138000 RSD |
| 1 OCN = | 0.03735000 RUB |
| 1 OCN = | 0.00189200 SAR |
| 1 OCN = | 0.00463200 SEK |
| 1 OCN = | 0.00070700 SGD |
| 1 OCN = | 0.00000000 STR |
| 1 OCN = | 0.00000000 SVC |
| 1 OCN = | 0.01223000 SZL |
| 1 OCN = | 0.01448000 THB |
| 1 OCN = | 0.00090730 TND |
| 1 OCN = | 0.26490000 TOP |
| 1 OCN = | 0.00381100 TRY |
| 1 OCN = | 0.00410900 TTD |
| 1 OCN = | 0.01451000 TWD |
| 1 OCN = | 1.09200000 TZS |
| 1 OCN = | 0.01399000 UAH |
| 1 OCN = | 1.72300000 UGX |
| 1 OCN = | 0.00051290 USD |
| 1 OCN = | 0.02022000 UYU |
| 1 OCN = | 5.74300000 UZS |
| 1 OCN = | 1876.00000 VEF |
| 1 OCN = | 6.72000000 VND |
| 1 OCN = | 0.00160600 VTC |
| 1 OCN = | 0.05089000 VUV |
| 1 OCN = | 0.00000000 WST |
| 1 OCN = | 0.26060000 XAF |
| 1 OCN = | 0.00000559 XMR |
| 1 OCN = | 0.30640000 XOF |
| 1 OCN = | 0.00585700 XPM |
| 1 OCN = | 0.00172100 XRP |
| 1 OCN = | 0.00939100 ZAR |
| 1 OCN = | 0.00910200 ZMW |
What does OCN mean in text
In sum, OCN is an acronym or abbreviation word that is defined in simple language. This page illustrates how OCN is used in messaging and chat forums, in addition to social networks such as VK, Instagram, Whatsapp and Snapchat. From the table above, you can view all the meanings of OCN: some are educational terms, others are medical terms, and even computer terms. If you know of another definition of OCN, please contact us. We will enable it during the next update of our database. Please be aware that some of our acronyms and their definitions are created by our visitors. Therefore, your suggestion for new abbreviations is welcome! As a return, we have translated the acronym of OCN to Spanish, French, Chinese, Portuguese, Russian, etc. You can further scroll down and click the language menu to find meanings of OCN in other 42 languages.
What is Odyssey
The idea of sharing benefits from an economic point of view is attracting more and more followers. And if earlier it was a little problematic to implement something like this, then with the advent of blockchain this idea received new strength.
Odyssey is a platform for developing the sharing economic model. The platform solves the issue of an operational nature. It often happens that we need certain goods only for a while and there is no point in purchasing them.
The Odyssey embraces the concept of sharing. It also helps improve market efficiency.
We’ll look at the operating principles of the platform below, and now let’s move on to the story.
Odyssey organizational structure:
The Odyssey Project is managed by the Odyssey Protocol Foundation Limited , which was established with the approval of the Accounting and Corporate Regulatory Authority (ACRA) under the supervision and regulation of the Companies Act of Singapore. It is governed by a Board of Trustees or Board of Governors.
Odyssey Protocol Foundation Limited operates in accordance with all regulations and laws in Singapore, and is also the deciding body that initially handles the development and marketing of the Odyssey project.
The Board of Directors is the highest governing body of the Foundation and is responsible for the overall development and strategic direction. The Council is responsible for reviewing and approving the Foundation's major affairs, such as strategic planning, budgeting, and ecosystem protocol updates. The board of directors is elected by the members of the foundation.
The Community Committee will also be elected every year 10 members of the Committee will be selected by voting by users who have a sufficient credit rating in the community. The strength of the vote will be based on the OCN storage capacity. The Community Committee will have the power to vote on improvements and projects for Odyssey, and the results of the vote will be presented to the Board of Directors for review.
Basic information about the Odyssey cryptocurrency (OCN)
Maximum quantity: 10,000,000,000
Odyssey quantity to date: 2,000,000,000
ODYSSEY is building a next-generation decentralized sharing economy and Peer to Peer Ecosystem.
The project aims to reduce overall operating costs, improve market efficiency, and improve the profitability of product and service providers in the global sharing economy for a peer-to-peer ecosystem. Here are the main goals that the ODYSSEY developers want to achieve:
- Decentralized and minimal transaction costs
- Open source
- Anonymity
- Intensified participation
- Monetization
- Faster transactions without payment barriers
- You can buy it on the exchange
“At ODYSSEY (OCN), we believe in an autonomous and open market that enables greater efficiency in products and services while offering reduced operating costs. This exciting collaboration with Qtum will help ODYSSEY (OCN) establish the foundations of an open and trusted blockchain system, bringing us closer to making mass adoption of a crypto-centric economy possible,” commented Sophie Guan, ODYSSEY Project Manager.
ODYSSEY PROTOCOL FOUNDATION LIMITED is established with the approval of the Accounting and Corporate Regulatory Authority (ACRA) and under the supervision and regulation of the Companies Act of Singapore.
It is governed by a Board of Trustees or Board of Governors formed by authorized trustees for independent management and operation, which is also independent from the administration of the government. “Profits” received by the Foundation are considered surplus and will be retained for the organization and implementation of other activities and events. Members of the Fund will never participate in the distribution of profits.
Prospects
According to the roadmap, during the period from October 2020 to October 2019, developers will form the project ecosystem as follows:
- Integration of solutions for the P2P ecosystem.
- Removing restrictions on high-frequency and small transactions present in Ethereum technology.
- Eliminating scaling problems through off-chain transactions.
From October 2020 to October 2021, the ecosystem is planned to flourish:
- formation of the Odyssey universal credit protocol to implement a unified data system;
- application of the universal credit protocol Odyssey to implement a unified system of data and transactions;
- use of data thanks to AI and Big Data technologies.
This will improve the overall efficiency of the market, attract profitable investments and allow the ecosystem to grow. The project was designed for long-term investments and remains promising even in a competitive environment. He has many well-known investors in the cryptocurrency industry who support Odyssey. This project is self-contained. It is independent of the preferences of project managers or the influence of institutional investors.
