Real Utility, Real Value
OODL coins can be used on the Oodlebit platform to pay for your trades giving you a big discount on your trade fees! We believe OODL coins will have tremendous value for its holders because its one of a few coins that can be utilized in a real-world business (Oodlebit) giving it real value as a digital asset.
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. Once we open the exchange you will be able to trade and withdraw your OODL coin balance.
What is the value of OODL coin?:
Because we did not have an ICO, the value of the coin will be decided by the market when it opens on the Oodlebit exchange.