ODINFUN

445655078752025.4.14 Crypto News

The altcoin $OM experienced a flash crash, dropping 80% within an hour.

From 2 AM to 4 AM on the 14th, $100 million worth of OM contracts were liquidated, with the price plummeting from $6.3 to a low of $0.36, a maximum drop of over 95%.

In response to the sudden situation, the project team stated that the volatility was caused by chaotic liquidations and was not caused by the team.

It is understood that the well-known anti-fraud blogger Ice Frog exposed this project’s three-step PUA airdrop back in March of this year. Additionally, this is an old coin, which is said to be a Malaysian fund scheme, and the same group’s GameFi subsidiary had someone modify the model in 2021.

In other words, even if the likelihood of the project team orchestrating a dump is low, whether due to liquidation chain reactions or the exchange’s actions, this project is fundamentally flawed, a plaything for capital, and everything is a harvest, with the possibility of premeditation not ruled out.

In another major development, founder @BobBodily has liquidated all tokens he held, and the platform has currently suspended trading and withdrawal functions. The founder claims it was the work of hackers, not something he did himself. Do you believe that?

With the recovery of Odin Fun's performance, a new round of rally begins!
#ODINGDOG

Many pullbacks have doubled again

Odin Fun will be built into the default launch pad and trading platform for Bitcoin memecoins!

It is also the fastest place for meme trading #OdinFun

💥Breaking News: The Great Wizard Strategic Investment in Odin Fun!

The Great Wizard itself has also secured $60 million in funding

The leading Odin Dog responds with #ODINDOG instantly surging 50%

Supported by the ICP Foundation, endorsed by animoca, supported by OKX, linked to domo, praised by Casey, investment from the Great Wizard.....

Buff is maxed out!

This wave of Odin Fun will drive the BTC ecosystem, flying even higher!

#OdinFun #odindog

Beware of risks, withdraw the currency #OdinFun

Today Odin Fun was the subject of black rumors, causing a huge uproar

Interpretation of Odin Fun's security mechanism:

Analysis of BTC ecosystem expansion and Odin's security mechanism

1. The security of Odin and BTC <> ckBTC

The 1:1 exchange between BTC and ckBTC is based on the threshold signature scheme (TSS) technology of #ICP, ensuring high security. Unlike traditional cross-chain bridges, TSS splits the private key and randomly rotates its custody among 12 of the 34 nodes in the #ICP subnet; hackers need to breach 12 nodes within one hour to obtain the private key, which is extremely difficult. Additionally, all nodes are real-name licensed, having been approved by the DAO and the DFINITY Foundation, and are distributed globally, further reducing the risk of malicious actions.

2. Efficiency of deposits and withdrawals and analysis of run risks

The exchange between BTC and ckBTC relies on the Bitcoin mainnet, and the speed of deposits and withdrawals during peak times is inevitably affected by the mainnet speed. However, due to the 1:1 smart contract guarantee, each ckBTC is backed by native BTC, and the private key is protected by TSS, theoretically eliminating acceptance risk. This mechanism is fundamentally different from asset acceptance in centralized exchanges, enhancing the security and transparency of BTC ecosystem asset liquidity.

3. Factional debates within the Bitcoin ecosystem

There are four main viewpoints in the market regarding whether Bitcoin should have an 'ecosystem':

(a) Laser-eye maxi: Opposes a financial ecosystem, advocating that BTC should be stored in cold wallets, rejecting any non-BTC engravings, believing it adds network junk.

(b) Native mainnet, non-financial faction: Accepts the existence of native mainnet tokens but opposes financialization, supporting cultural and collectible attributes, such as Ordinals NFTs.

(c) Native mainnet, financial faction: Supports a variety of tokens and financial activities but requires transactions to occur on mainnet L1, recognizing mainnet assets like $ordi and $sats, but expressing skepticism about sidechains and exchanges deviating from the mainnet.

(d) Expansion solutions (sidechain/L2) faction: Believes the mainnet L1 limitations need to be expanded, supporting technologies like #ICP chain integration, balancing efficiency and decentralization. Current projects such as Odin, Omnity, Liquidium, Tap Protocol, etc., all adopt this technology.

Each viewpoint has its validity, and the diverse products of the BTC ecosystem aim to address different user needs, allowing users to choose and adhere to their beliefs based on their own philosophies.

#OdinFun #odindog

Wow! The mysterious power is too strong #bitcat

How many times have your actions crashed the website?

#OdinFun

Bob clarified in the original text:

ODINFUN has not been hacked
👇

Clarification on the recent ODIN·FUN incident:

1. ODIN·FUN has not suffered a hacker attack.

2. There was an error in our deposit synchronization code, which caused some users' balances to be greater than the amounts they deposited. This is why no one could find the 74 BTC deposit transaction on-chain. Everything has been fixed approximately 12 hours ago (check the balances of the 74 BTC users; it has returned to normal).

3. All user funds are safe. No user has suffered any direct loss due to this error.

Deeper technical aspects:

1. When users deposit funds, they deposit them into a threshold signature set. This is a decentralized 12/34 threshold signature setup that protects the BTC provided by the Internet Computer Protocol.

2. The funds are then sent to the ODIN•FUN smart contract. This is the ~91 BTC amount that people have been sharing. This is the accurate representation of BTC in the platform. Again, all user BTC is pegged 1:1 with the BTC in the Odin platform. The 74 BTC deposit did not show up here due to the deposit synchronization error I mentioned above.

Moving forward:

1. We are improving the ODIN•FUN front end to provide deposit and withdrawal statuses (pending, confirmed, credited) along with links to the explorer so you can track the trail of your funds (completely decentralized and on-chain).

2. We are continuing to strengthen our smart contract code, API, and indexer through internal and external reviews and audits, thereby improving our code.

3. We are enhancing the processes for larger BTC amounts on the platform. This means you may need to wait for additional confirmations for larger deposit or withdrawal amounts to increase platform security.

Thank you all!

⚡️🐦‍⬛🩵 #odinfun

Is there still hope for ODINFUN, which has been hot for 2 days? #ODINFUN

Odin.fun encountering issues?

Has it run away or suffered a hacker attack? Please be aware of the risks; its authenticity is still uncertain. Some users have reported that their deposits did not go on-chain, so caution is advised.

#OdinFun

#OdinFun
So many people wake up and look at the counterfeit in their hands, suddenly realizing that it may have been a bear market for a long time, or perhaps the bull market hasn't even arrived in these two years.
odinfun New platform, new big pancake ecosystem, will it drive the market up like inscriptions?

Today, the top 2 golden dogs on Odin Fun

#bitdog and Confucius #IConfucius both increased by over 3 times, and they gave you enough time to get on board

Previously, the liquidity was a bit lacking, but ever since the great wizard announced the lead investment #OdinFun , it's felt noticeably more active on-chain

Now there really is something to play with! Keep scanning the chain

#odindog #BTC

Newcomers playing Odin Fun don't know which meme to buy?

Share some gameplay experience

First of all, when brc20 came out, everyone was very curious, and there were endless tricks every day, similar to the current Odin Fun, so my choice was

First, I bought the leading token Ordi with a large position, a part of the position was used flexibly for other tokens, and another part was invested in community-driven projects that I would buy a bit of and hold long-term (btc ecosystem often rewards diamond hands
💎👋
)

Later, when brc20 exploded, I sold whatever was rising, just selling in batches

Although this trading strategy may not maximize profits, it is very stable and can capture the benefits of the market

So now you know how to operate, right? #ODINDOG
Wishing us all great results

#OdinFun #odindog

Dabing Ecology officially enters 2.0 ⚡️🐦‍⬛🩵

1️⃣ Why does the BTC ecology need to upgrade from 1.0 to 2.0?
The core reason for the BTC ecology's transition from 1.0 to 2.0 is to address two major pain points:
Outflow of minting fees
Taking $sats as an example, with an initial market value of 21 million, all fees during the minting process flow to miners, preventing funds from being retained within the ecology, which limits long-term development.
Network congestion and high costs
The transaction speed of the BTC Layer 1 network is slow, and Gas fees are high, limiting user interaction experience and capital liquidity, further hindering ecological expansion.

2️⃣ How does OdinFun break through these limitations?
Automatic liquidity pool creation mechanism
Once the token minting is 100% complete, the system automatically creates a liquidity pool, with funds directly retained within the ecology, enhancing liquidity depth and preventing capital outflow.
0 Gas experience, lightning-fast transactions ⚡️
No need to pay Gas fees, transaction speed significantly increased, avoiding complex EVM operations and sandwich attacks, providing users with an extremely smooth experience. Currently, the annualized return of the liquidity pool reaches 1000%-2000%, and the transparent incentive mechanism will promote healthy growth of the ecology.

3️⃣ How does OdinFun bring the BTC ecology into 2.0?
The OdinFun mechanism precisely addresses the two long-standing core issues in the BTC ecology, becoming an important driving force for the upgrade to 2.0.
Retaining minting fees: Automatic pool creation allows minted funds to settle within the ecology, enhancing liquidity and sustainability.
Liquidity breakthrough: 0 Gas transactions improve capital utilization efficiency, lower user thresholds, and promote ecological prosperity.
In addition, OdinFun will also support legacy rune integration in the future, be compatible with BTC protocols such as BRC20 and ARC20, and even connect ETH and SOL ecologies, promoting multi-chain interoperability.

4️⃣ The future of the BTC ecology: One Chain for All
According to recent data from Bob @BobBodily, the performance of the OdinFun mechanism is exceptionally bright, and the BTC ecology is undergoing a profound transformation.
Currently, OdinFun is still in its very early stages, and the leading project Odin Dog #ODINDOG has not yet exceeded a market value of 100 million USD, while the market space for the BTC ecology is vast, with unlimited development potential.
In the future, OdinFun may become the core infrastructure of the BTC ecology, driving it towards a true "One Chain for All" era and becoming the next phenomenon of explosive growth.

#odindog #OdinFun

Is there still hope for ODINFUN that burned for 2 days #ODINFUN

The current market lacks clear opportunities in the short term, but #OdinFun may be an exception!
In terms of market capitalization, among the top 8 projects, the leader is 16M, while the eighth is only 370K, indicating significant growth potential. At the same time, founder BOB continues to update and build, showcasing good development potential.
Since other tracks are temporarily uninteresting, why not focus on studying ODIN to see if it can successfully break out!

#ODINDOG Dog Odin has taken off?

Regarding Odin Fun, I estimate that many old OGs and builders in the BTC ecosystem still haven't reacted

1. It has been proven that whether a product can succeed is not about what you want to build, but rather what users need

The smooth product of #Odinfun, its transparent mechanism, and the founder standing with the community (both the mechanism and the people) created the opportunity for this explosion

2. Because of the BTC ecosystem, it was almost on the verge of collapse, with inscriptions and runes like arc20 plummeting completely. Runes, in particular, have never exploded, and many people have temporarily left the ecosystem due to biases created by those who got stuck or went to zero.

However, I believe that such fertile soil in BTC will surely blossom, it just needs time. If you are still paying attention, constantly engaging with meme coins on the front lines, bravely experimenting and conducting social experiments, just like when you initially invested in $ORDI, you definitely haven't missed out on Odin Fun.

3. #ODINDOG Dog Odin surged from 1-2 million to 33 million in just these past few days, steadily rising and providing many opportunities to get in. Even if you missed out, yesterday's classic memes like #sotoshi and pizza funny have also seen astonishing gains, including a whole package of memes created by founder Bob that have exploded with many opportunities.

If you still hold biases, then the previous persistence in the BTC ecosystem might have been in vain, and the chance of achieving great results may be this last time, so cherish it.
🫡
#OdinFun

News has confirmed that the Odin.fun platform has temporarily suspended trading and withdrawal functions.
There were prior reports that the founder's account had been hacked.
This step aims to prevent the problem from spreading further on the platform and to avoid any hacking issues with customers.
The situation is currently under investigation.
Also, Fawry Site has confirmed that Bob Bodily is handling the situation firmly and plans to provide more information as soon as possible.

#OdinFun