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ODUWA: Protecting cryptocurrency investments from Volatility and securing a decentralized global economy
It’s common knowledge in business to have high risks whenever there are high returns. In fact, the past year in the cryptocurrency world has been a complete replica of a high risk, high yield market with the overall market capitalization going from a low of 20 billion at the start of the year to a high of over 750 billion in January 2018 only to drop back down to the 250 billion region at the time of this writing.
Obviously, there is a lot of money to be made with such violent swings in the market. Bitcoin for instance quadrupled in price in 2017 and Ripple gained 30,000 percent of its initial price at the end of 2016. By the end of 2017, it was pretty clear for most investors that the spread in the cryptocurrency market was unlike any other investment vehicle in the financial world.
The Underlying Problem
However, considering the earlier statement on risk and reward, there is no denying that there are bound to be many casualties along the way in cases where cryptocurrencies drop in price drastically sometimes in a matter of days or hours. Whenever the cryptocurrency market takes on a bearish trend, many conventional investors are bound to make losses while experienced and savvy investors with market analysis skills, get to cushion themselves from loses. In fact, with enough experience and the right tools, savvy investors have been known to make money in the cryptocurrency market even in a bearish market.
Sadly, most conventional investors not only lack the experience that can offer indemnity but also lack the right tools to help protect their investments from depreciation in the market. For conventional investors, ODUWA Coin (OWC) is offering a first of its kind cryptocurrency insurance that will enable investors to protect their portfolios from a violently volatile market.
What is ODUWA Coin (OWC)?
To put it simply, ODUWA is an up and coming project set to be the world’s first exchange and trading platform that offers investors protection from volatility and overall market depreciation. Basically, ODUWA Coin is looking to be the cryptocurrency for cryptocurrencies and will facilitate a Blockchain that will offer a solution to investors of the Bitcoin and crypto world.
By creating a Blockchain based insurance system; the ODUWA team will also offer a host of other products with the aim of realizing a truly decentralized economy that would see investors protect their digital assets from future depreciation.
How ODUWA insurance works
Having identified that volatility investment risk is the biggest challenge faced by investors in the cryptocurrency world, the ODUWA team is looking to build an open source platform that will soon be available on Github once the product launches whereby users of the platform get to make risk free deposits on the ODUWA wallet while buying crypto coins.
Basically, ODUWA will cover the downside risk of depreciating assets thanks to the use of smart contracts and a smart wallet that is set to be compatible with the top cryptocurrencies. This will encourage more investors to dip their toes into the crypto space thanks to the zero risk incentive and as a return, ODUWA will make a profit from appreciating assets at the end of the contract while absorbing the depreciated assets according to the smart contract.
By charging a fee for the appreciated assets, ODUWA will enable buyers an opportunity to buy a select number of reliable cryptocurrencies risk-free with indemnity covering a period of 90 to 180 days depending on the various tiers of the agreed terms.
What is ODUWA’s Team and Vision?
The main goal of ODUWA Coin is to build a decentralized Blockchain infrastructure that ensures leading coins in the market while providing asset protection to encourage more investors to come into the cryptocurrency market. Ultimately, OWC will be used in various industries for payments and settling of transactions on the internet. By bridging the gap between Blockchain and insurance, ODUWA Coin will go as far as creating a secure, open and reliable means of communication thanks to its application of smart contracts.
To push for this vision, ODUWA is backed by a strong team of experts including Bright Enabulele who is a Blockchain development coordinator, Charles Anchang who is the vise president liaison at ODUWA and Michael Vernon who is a sales developer. Furthermore, ODUWA also has an able team of advisors including Dylan Kamoka, George Titan, and Dr.Jay Potter.
Other products from ODUWA
Apart from offering insurance for digital assets, ODUWA is also looking to offers users a reliable trading platform with zero fees on trading ODUWA Coins. The platform will also provide an e-wallet for safe storage of tokens and cryptocurrencies supported by ODUWA. Furthermore, ODUWA will also be looking to develop an encrypted telecommunications system that will enable users to connect easily while making VoIP calls with any device including desktops, Android SIP, X-Lite, 3CX phone and Zoiper among others.
ODUWA Coin ICO details
According to ODUWA’s roadmap, the 1st 2nd and 3rd OWC ICO stage is set for the 1st quarter of 2018. There are 21million OWC tokens set aside for distribution on ODUWA Coin’s currently ongoing token sale. Interested participants can use ETH, USD or BTC to purchase the tokens that are currently priced at $0.21 with a minimum transaction amount of 0.10ETH. With funding underway, ODUWA Coin will use the funds for marketing and product development and later on launch its exchange platform live in May this year with a bonus token delivery for purchases of over $50,000 priced at 15 cents.
HardCap: 21,000,000
Token Symbol: OWC
Reserved: 3,150,000
The beginning of ICO: 4th January 2018
End of ICO: 3rd April 2018
Conclusion
In conclusion, ODUWA is a pretty exciting project at this time in the cryptocurrency world given that there is a prevailing bearish market trend in the crypto space. With the growing Blockchain and cryptocurrency industry, there is no denying that more and more investors will develop an appetite for this budding industry. After all, the cryptocurrency market has been on a steady growth over the years despite the violent volatility. With ODUWA’s insurance, Exchange platform, and encrypted telecommunication services, cryptocurrency enthusiasts can finally breathe a sigh of relief as these products are set to facilitate a decentralized economy for the future global industries. Eventually, ODUWA will enable absolute decentralization while protecting investors from market volatility, which is revolutionary.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Gil Valentine via Flickr