What is Odyssey (OCN)?
Future of OCN Cryptocurrency and know how to buy OCN

What is OCN?

#1 – What is Odyssey (OCN)?

Odyssey: The Basics

  1. Odyssey is primarily a decentralized sharing economy and peer-to-peer ecosystem, aiming to complete with and replace the likes of Airbnb and Uber.
  2. Odyssey dreams big - aiming to completely replace the concept of private ownership with an economy in which everything is shared and little is owned.
  3. It’s a long way from its goals, of course, but making peer-to-peer sharing more efficient with smart contracts is certainly a step in the right direction.

Odyssey Development

  1. The Odyssey website lists 9 advisors, with its primary two being Yi Shi, the CEO of Shanghai’s Avazu Holding, a leading global advertising platform, and Justin Sun, the backbone of the TRON cryptocurrency.
  2. The advisory team also includes Goh Jian Kai, founder and CEO of Southeast Asia’s cross-border payment solution system RateX.

 

#2 – What are the advantages of Odyssey?

Odyssey Technologies

  • Odyssey has integrated the blockchain smart contract feature with AI and big data to create and empower its peer-to-peer sharing ecosystem.
  • Odyssey’s ecosystem relies on three main contributors:
    • Service providers, who facilitate the sharing
    • Consumers, who are, of course, the userx of the goods or services shared, and
    • Reviewers, to ensure that the ecosystem remains healthy and keeps improving.
  • The beauty of Odyssey is that a single person may assume the role of either, or all three simultaneously in different sharing systems, only linked by its backbone, Odyssey.

 

#3 – How to buy and store OCN?

How to buy OCN / How to buy Odyssey

Though Odyssey is a very new cryptocurrency, it’s already available for trading in nearly 10 exchanges. Of course, you can’t buy Odyssey tokens (OCN) for fiat currency yet, but you can exchange cryptocurrencies like Bitcoin, Ethereum and Tether for OCN. The exchanges include Bittrex, gate.io, Huobi, HitBTC and a few more.

  1. The exchanges mentioned above are platforms on which you can buy or sell OCN, but they often have minor differences in cost across different exchanges.
  2. CoinSwitch, the largest cryptocurrency conversion platform, will actively help you decide which exchange to choose by showing you the prices of Odyssey coins at the crypto exchanges it is sold in, all at the same place. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose whichever pair you want with the Odyssey coin, and CoinSwitch will facilitate the comparison at different exchanges.
  3. What’s more - with CoinSwitch, you need not create or rely on the wallets specific to the exchanges. Instead, all transactions can happen to and from your very own private wallets.

OCN Storage

  1. Odyssey being an ERC20 token running on the Ethereum blockchain, any wallet that supports Ethereum will be capable of storing your Odyssey coin (OCN).
  2. Hardware wallets are the most secure, and work as an ideal Odyssey wallet. There ar  two such popluar options: Ledger Nano S and Trezor.
  3. Exodus and Mist are desktop wallets which work as Odyssey, compatible with Windows, Linux and Mac.
  4. Jaxx is a versatile wallet, compatible with Windows, Mac and Linux desktops, iOS and Android smartphones, and Chrome and Firefox web extensions.
  5. MyEtherWallet is its most popular Web wallet, and ETHAdress is one of the paper wallets.

All these wallets would store your OCN token, although a hardware wallet is definitely recommended for its safety.

 

#4 – What is the future of Odyssey?

Also Read: Complete Analysis of Odyssey | Live Odyssey (OCN) Price Charts And Predictions

Market Cap and Global Acceptance

  1. OCN is not a mineable cryptocurrency, unlike Bitcoin and others, so OCN mining isn’t the way to go to accumulate thes tokens.
  2. The circulating supply is currently 4.75 billion tokens, of which 4 billion were sold in the Odyssey ICO. The total supply is 10 billion tokens, which means less than 50% of it is in the market right now.
  3. The market cap of the Odyssey cryptocurrency stands at 40.12 million USD as of June 2018, with an individual price of around 0.0088 USD.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jun 22, 2018

0.009729

0.009762

0.008142

0.008243

1,12,98,600

4,62,11,200

Jun 01, 2018

0.016463

0.018117

0.016322

0.018117

2,43,18,000

3,29,25,000

May 01, 2018

0.025651

0.027028

0.02394

0.026986

2,96,49,300

5,13,02,900

Apr 01, 2018

0.009897

0.010102

0.008301

0.00866

2,14,35,900

1,97,94,700

Mar 01, 2018

0.013915

0.014411

0.012947

0.013552

1,20,96,500

2,78,29,400

Feb 01, 2018

0.042473

0.047994

0.025454

0.029904

2,45,33,800

-

Jan 24, 2018

0.022241

0.027179

0.020702

0.024907

1,22,84,200

-

Trends so far

  1. It’s always difficult to predict the trends of any new cryptocurrency, and Odyssey is no different. From its initial individual price of $ 0.022 when it was launched in January 2018, the value peaked at 0.07 USD during the same month, and then came down to 0.007 USD in May. The current individual price (as of June 2018) is 0.0084 USD.
  2. It’s ranked pretty low in terms of market cap despite its high circulating supply of around 4.75 billion OCN (out of a total of 10 billion), due to its low individual price.
  3. It’s low market cap and ranking doesn’t make Odyssey a less promising cryptocurrency, however. Its peer-to-peer sharing economy goal different from other currencies, and its current low value shows that there’s no where to go but up for this cryptocurrency!

Partnerships and Backing

  1. Odyssey’s business model is very dependent on powerful and profitable partnerships to bring it closer to its goal of a multi-faceted sharing ecosystem.
  2. It has already partnered with billion-dollar multinationals like Amazon Web Partners and IBM.
  3. Its earliest partners were OBike, a stationless bike sharing service in Southeast Asia, and TRON, a leading cryptocurrency aiming at decentralized content creation and distribution.
  4. Currently functioning on the Ethereum blockchain, Odyssey is said to be preparing for a shift to the TRON blockchain in the near future.

 

#5 – What makes Odyssey different from other cryptocurrencies?

  1. Rather than focusing on business or trade like Bitcoin or ZCash, or even being a platform for secure identity verification like CIVIC or THEKEY, Odyssey focuses on peer-to-peer sharing, to compete with the likes of Airbnb and Uber.
  2. This kind of economy is slowly taking over the world, with Uber’s popularity growing exponentially and Airbnb taking over entire industries. By applying smart contract technology to it, Odyssey is sure to make the system more efficient, reliable and secure.
  3. Odyssey aims to unite all sharing under its one roof, so to speak, providing ride-sharing like Uber, room sharing like Airbnb, etc. all in its own blockchain.

 

#6 – Should you invest in Odyssey?

  1. The OCN cryptocurrency has a low market cap, but are not to be judged by. It’s a cryptocurrency which is just about 6 months old; the newest one on the block, so it’s actually a good thing that it’s not undergoing inflation.
  2. The sharing economy is “in” now, and Odyssey has lofty goals, aiming to create a world where sharing is the norm and ownership or sharing monopoly doesn’t come in the way of people’s lives. A decentralized sharing platform where all service providers and customers are connected definitely sounds attractive.
  3. It’s a new currency, so it needs development to reach its goals. Of course, the fact that buying a large number of OCN tokens will not put a major dent in your pocket is a definite point in its favour.
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