Oduwa Crypto Insurance
Oduwa is the first blockchain payment system in the world solely focused on providing volatility insurance to OWC Coin holders against all market trade loss on a contractual period from 90 days to one year. The goal is to increase the value of Oduwa coin in circulation by allowing users to buy Oduwa peacefully and bring stability to the market. Pay us nothing if you lose; only pay a percentage if you win. Options are a cryptocurrency only sold by Oduwa or underwritten by Oduwa ecosystem. The contract offers the buyer the right, but not the obligation, to buy and Insure the underlying asset at the time of purchase base on CMC during a specified period or on a specific date. The price is called the strike price. We protect the current price of the Oduwa asset at the time of taking the policy against future market loss.
In the history of investing or speculation, there has been no asset with a higher degree of volatility than Bitcoin. What started as a simple idea written on a white paper by Satoshi Nakamoto has become a global phenomenon for investors from all walks of life. Even at today’s price shown volatility and uncertainty, Bitcoin has registered a gain of 266,666,566% from its low price of $.003 in March 2010. While many have gotten rich off Bitcoin and many others have left a fortune on the table by getting out too early, others have simply stayed on the sidelines due to Bitcoin’s price volatility. Since January 2012, Bitcoin has crashed over 50% on five separate occasions. These extreme moves and the lack of a hedging instrument have made many mere spectators.
While we won’t say the volatility will calm down, there is at least now finally a hedge for Bitcoin’s volatility. The solution is ODUWA COIN.
ODUWA COIN is a Nextgen cryptocurrency that offers indemnity and insurance against the volatility of the cryptocurrencies on Oduwa ecosystem. This is achieved by combining Blockchain technology and insurance to give investors a way to insure themselves from losses in the cryptocurrency market.
The financial experts behind ODUWA understand investors’ concerns that investing in cryptocurrency is an enterprise with high risk considering its digital nature that is always prone to hackers, volatility and high uncertainty within the coin market. ODUWA aims to counter these problems through an intelligent solution, which involves selecting reliable cryptocurrency on our Blockchain to Insure, keeping a proportional reserve to the invested amount, and automated smart contracts.