The technological innovation of Odin Fun is key to its appeal. The platform adopts a binding curve mechanism, starting from 0.11 sats when users create tokens, rising to 4.76 sats before entering the AMM pool, simplifying the token issuance process and providing profit opportunities for early participants.
Among them, ckBTC is one of the core technologies. Developed by the DFINITY Foundation, ckBTC is a decentralized Bitcoin mainnet twin asset that runs on the ICP public chain, supporting ultra-fast and low-cost transactions, solving the programmability and transaction cost issues of the Bitcoin mainnet. The 1500 nodes and sharding technology of the ICP public chain place its TPS at the forefront of the industry, with security guaranteed by the ICP public chain, avoiding risks associated with cross-chain bridges.
ICP also offers advantages in front-end deployment, with Odin Fun's code and UI deployed in ICP smart contracts, mitigating the risk of front-end vulnerabilities. Additionally, ICP's chain fusion technology supports connections with networks like Ethereum and Solana, enabling low-cost and rapid cross-chain asset transactions. Odin Fun's Valhalla technology reduces transaction confirmation time to 2 seconds, enhancing user experience.
Despite this, there are still technical risks. Odin Fun operates on the Bitcoin layer two network, with assets managed through a multi-signature mechanism, resulting in some controversy over its level of decentralization. The previous '74 BTC disappearance' incident exposed technical issues, which have been resolved but still require optimization. The platform plans to introduce more protocols and expand functionalities, such as Ordinals, BRC-20, Solana deposits, and SOL/BTC trading pairs.
