Oddz Incentivised Testnet is Now Live on BSC!

Oddz Incentivised Testnet is Now Live!

Oddz is thrilled to announce that Oddz Incentivised Testnet on Binance Smart Chain is now live!

The Incentivised Testnet Program will be accompanied by a special airdrop of ODDZ tokens for all the loyal community members who have supported us since our inception and have participated in the Incentivised Testnet program. The Incentivised Testnet Program will also include other programs like the Bug Bounty program and the Leaderboard challenge, discussed later in the blog.

This blog covers everything you need to know about the Airdrop, the Bug Bounty program and the Leaderboard Challenge.

Link to Oddz Incentivised Testnet — https://testnet.oddz.fi/

Snapshots:

$30,000 worth of ODDZ tokens has been allocated to the Oddz Incentivised Testnet Competition.The Bug Bounty Program is scheduled to begin on June 25, 2021, and all participants who wish to participate in it will have to submit the Typeform that will be circulated on June 25 on Oddz Telegram Announcement and on other platforms.All participants are expected to follow the Terms and Conditions for the Incentivised Testnet program and for all the programs.

In the past, we have encouraged growth and development in our community in different ways. From organizing the quiz and prediction competitions to giving away tokens and rewards to members who have stayed active in the community, rewarding the users of the Incentivised Testnet program is just another way of thanking all users for their support and helping us refine and improve the product.

Details of the ODDZ Airdrop

Total ODDZ Airdrop — $10,000 worth of ODDZ tokens will be airdropped to all the participants of the Incentivised Testnet who have qualified for the airdrop.Airdrop time — 18:00 hours UTC on July 9, 2021

Terms and Conditions:

To be eligible for the airdrop, you must have participated in the Leaderboard Challenge of the Incentivised Testnet, meaning, you must buy at least one options contract or add the test USDC tokens to the Liquidity Pool on Oddz.To be eligible for the airdrop, all participants who have been verified for the Leaderboard Challenge must submit the Feedback form by July 6, 2021. The link to the Feedback Form will be shared in the Telegram Announcements chat.The airdrop of ODDZ tokens depends on the participation of the community. The fund of $10,000 will be equally distributed among all participants who become eligible for the airdrop.The ODDZ tokens airdropped in your wallet will be BEP-20 tokens.

Participate in Oddz Incentivised Testnet now!

The Bug Bounty program will begin on June 25, 2021, and will continue at least till the end of the Incentivised Testnet program. We invite all interested traders, DeFi enthusiasts, developers and security experts to participate in this program to submit their valuable feedback and suggestions. The Bug Bounty program is aimed to find bugs as fast as we can. The Incentivised Testnet will give all community members a chance in testing and debugging the protocol.

It is not imperative that you have to find bugs or glitches in the codes or on the platform. Give us an amazing product idea or suggestion and you will be rewarded for it as well. A total of $10,000 worth of ODDZ tokens have been allocated for the Bug Bounty program.

Scope of Testing

The following components of Oddz need to be tested at the code level in this Bug Bounty program:

Basic functionalities of buying options contracts on Easy Options and Customised Options on Oddz.Adding liquidity to the poolExercising and Expiration of contractsRewards from pooling and premium distributionOddz Leaderboard

We are also focused on the security level of our smart contracts and protecting the protocol from getting hacked.

How to participate in the Bug Bounty program?

If you are a developer or a security expert, follow the steps below to participate in the Bug Bounty Program -

Look for code-level bugs for the items mentioned in the scope of testing. The Github repositories for the same will be shared soon.Create a word document or share a Google Document link, mentioning all the relevant information and bugs and submit them in our Bug Bounty Typeform (link for which will be shared on Oddz Telegram Announcement). All submissions related to the codes must be submitted using the Typeform link only.All submissions will be reviewed and analysed by the Oddz technical team and you will be provided with feedback as soon as possible.

Prioritized Vulnerabilities

We are especially interested in receiving and rewarding vulnerabilities of the following types:

Smart Contracts/Blockchain:

Re-entrancyLogic errorsIncluding user authentication errorsSolidity/EVM details not consideredIncluding integer over-/under-flowIncluding unhandled exceptionsTrusting trust/dependency vulnerabilitiesIncluding composability vulnerabilitiesOracle failure/manipulationNovel governance attacksEconomic/financial attacksIncluding flash loan attacksCongestion and scalabilityIncluding running out of gasIncluding block stuffingIncluding susceptibility to frontrunningConsensus failuresCryptography problemsSignature malleabilitySusceptibility to replay attacksWeak randomnessWeak encryptionSusceptibility to block timestamp manipulationMissing access controls / unprotected internal or debugging interfaces

If you are not a developer, you can still participate in the Bug Bounty program to get rewards in ODDZ tokens.

We value your feedback and you can submit your suggestions in the feedback form that will be shared with you at a later date.

Submission of feedback is important for two purposes -

You will not qualify to receive any bounty in case you do not submit any feedback on your experience on the platform.All participants of the Incentivised Testnet program will also have to submit the feedback form to receive the airdrop.

Reporting Bugs — Submission Instructions

If you have found a bug, please submit your word document or Google Document on the Typeform. Please note that you must only submit issues related to the scope of this program and nothing else.

In the word document please mention

The repository the bug is related to.The severity of the bug i.e. Severe, Moderate or Less.The priority in which the bug needs to be resolved i.e. High, Medium or Low.A summary of the word document.A description of the bug found.Images related to the bug.Supporting material/references — Source code to replicate if any.The impact on the protocol if the bug is not resolved.Your email address, Telegram handle, Twitter handle (at least 3 months old).

Note: Please make sure that the Google Document you submit has view access and please submit the bugs using the Typeform link only.

Reward Structure

A total of $10,000 worth of ODDZ tokens have been allocated to the Bug Bounty program at Oddz. ODDZ tokens will be distributed based on the seriousness of the bug found, the priority in which it needs to be resolved, the description of the word document and the explanation of the same. The scores will be given as O1, O2, O3 & O4.

Given below is the structure for rewards of the Bug Bounty program

O1 — Critical — $2,000 — $3,000

O2 — High — $500 — $2,000

O3 — Medium — $100 — $500

O4 — Low — $0 — $100

Terms and Conditions

Follow all terms and conditions to participate in the Bug Bounty program. You can only submit your feedback and bugs on the forms mentioned in this blog or circulated on the Telegram Announcement chat.

The total reward for any submission depends on the level of risk and priority at which the bug needs to be resolved.Since decisions will be taken manually we expect you to be patient once you have reported the bug.Report the bugs in the Technical Form and submit your feedback in the form circulated by Oddz in Telegram Announcement chat.Follow the submissions instructions to ensure we quickly reach a solution and get back to you with updates on your bug status.Duplicated issues will not be rewarded. The first reported bug is the only one worthy of rewards.Submissions out of the Scope of Testing will not be eligible for a reward.Any phishing or other social engineering attacks against our employees and/or participants will lead to disqualification from the competition. You will be marked as a ‘bad actor’ in the Incentivised Testnet program.Any denial of service attacks will lead to disqualification from the competition. You will be marked as a ‘bad actor’ in the Incentivised Testnet program.No rewards will be given to participants who have disclosed the vulnerability without the consent of the Oddz Team.Avoid violating the privacy of others, disrupting our systems, destroying data, or harming the user experience.No participant must engage in blackmail, extortion or any other unlawful conduct.Bugs that have not been publicly reported will only be considered for the Bug Bounty Program.Your Telegram and Twitter handle will only be used to communicate with you, in case the team needs more information from your end.Rewards will be sent as BEP-20 tokens to your wallet address used while signing up to participate in Oddz Incentivised Testnet.

How long will the Bug Bounty program be available?

Oddz will be conducting the Bug Bounty Program till at least July 6, 2021. The program might get extended depending on the condition and response from our participants.

Participate in Oddz Incentivised Testnet now!

The Leaderboard Challenge will begin on June 7, 2021 and will end on July 6, 2021. This challenge has been organised for one and all. You do not necessarily have to be a DeFi experienced trader or an experienced options trader in other markets.

Please note that all users need to have a Binance Smart Chain testnet added to their MetaMask wallet. In case you do not have one, click on any one of the buttons (e.g. Easy Options) when you open the testnet and you will get a similar pop-up on your screen.

Click on approve and you have added the Binance Smart Chain testnet to your MetaMask. You can now fill the Google Form for participation in the Incentivised Testnet program, where users also have to submit this Binance Smart Chain testnet address. Click on the account name to copy your public wallet address and paste it on the form to participate in the program.

You will also need the same address while asking for the test tokens from the protocol.

To ask for the test tokens, click on Peggy Tokens.

You will then be required to submit the wallet address where you want to receive the test tokens. Once you submit your address, the test tokens will soon be deposited in this wallet. These tokens can only be credited to your wallet once in 7 days. In case you have exhausted all your funds, you will have to wait till the end of the 7th day to get more tokens.

You need to note that our systems will be checking for ‘bad actors’ using the different setups we have placed. Do not transfer your tokens to another address. If you are caught doing so, both addresses will be added to the blocklist and you will be disqualified from the competition.

The wallets of all participants will be credited with $1000 worth of USDC tokens once every 7 days. They will have to request test tokens on the platform. All participants will be competing with one another to make maximum profits on the platform. This can be done in a variety of ways -

By buying call and put options on Easy and Customised OptionsBy providing liquidity in the Liquidity Pool and earning from the premium distributed among all LPsA mix of the above two points.

The battle for the top 10 spots on the leaderboard will take place for 4 consecutive weeks, starting from June 7, 2021, and ending on July 6, 2021.

The winners of the leaderboard challenge will be announced at 14:00 hours UTC on July 6, 2021.

The distribution of ODDZ tokens among the top 3 winners on the leaderboard will be as follows -

1st — $2000

2nd — $1700

3rd — $1400

All traders ranking 4th to 10th will receive $700 worth of ODDZ tokens each.

Terms and Conditions:

To participate in the Leaderboard Challenge, all participants must purchase at least 1 options contract or provide liquidity to the pool on any day during the Incentivised Testnet Program.Rewards will be distributed within 4 working days from the date of announcement of the winners.The ODDZ tokens awarded to the winners will be BEP-20 tokens.Any suspicious or fraudulent activity detected during the competition will result in straight disqualification from the Challenge.Any ‘bad actor’ identified by Oddz team will be straightaway disqualified and all wallets associated with the ‘bad actor’ will be blocklisted.The Leaderboard Challenge ends on July 6, 2021.

Participate in Oddz Incentivised Testnet now!

Read the Guide to Oddz Incentivised Testnet to know more.

For FAQs, click here.

Still got doubts? Join Oddz Chat and get all your doubts clarified!

Oddz is a trustless on-chain option trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.

It employs the synergies of Ethereum, Binance Smart Chain, and Polkadot to unleash the potential decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.

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