Real utility, real value.
OODL coins can pay for your trades giving you a big discount on your fees!
Total Supply: 200,000,000 OODL
Coin Type: ERC-20 (Ethereum)
Founders and early investors will be issued 50% of the total supply, while the other 50% will be distributed to the public through promotions and our affiliate program. There is no ICO.
Lock-up period agreement:
The 100 Million OODL to be distributed to the Founders and early investors will be subject to a 4 year lock-up period. 20 Million OODL will be distributed at the opening of Oodlebit, and 20 Million every year after that until the 4th year.
Buy back agreement:
Every profitable quarter we will take 10% of Oodlebit’s net profits and buy back OODL coins from the open market until we have reached 50 Million coins. The coins we purchase will be destroyed with the OODL burn contract decreasing the over all coin supply.
Where will OODL trade? Can I withdraw my balance?
Oodlebit will have the very first OODL market paired against Bitcoin. When the exchange opens you will be able to trade and withdraw your OODL coin balance.
What is the value of OODL coins?
Because we did not have an ICO, the value of the coin will be decided by the market.
Big trades, big savings
Your account automatically qualifies for flat-fees when you choose to pay for your trades in OODL coins. No matter how large any single trade is, your trade fee will never exceed $20 USD as long as you pay it with OODL!
* Each displayed row is an example of a single trade and its associated fees.
|Transaction||Oodlebit fee||Bittrex fee||Poloniex fee||Kraken fee|
|$50,000||$20 (Flat-Fee)||$125 (0.25%)||$100 (0.20%)||$136 (0.26%)|
|$250,000||$20 (Flat-Fee)||$625 (0.25%)||$500 (0.20%)||$550 (0.22%)|
|$1,000,000||$20 (Flat-Fee)||$2,500 (0.25%)||$2000 (0.20%)||$1800 (0.22%)|
Users can reduce their trading fees by up to 50% when they choose to pay for their trades with OODL coins. Users who make many trades a day will find this the most beneficial to reduce their overall cost and increase their profit.
* Each row is an example of a single trade (Maker/Taker) and its associated fee.
|Transaction||Trade Fee %||Fee||Trade Fee % Using OODL||New Fee and Savings|