Singapore based Odyssey Protocol, the decentralized sharing economy company, said its OCpay payments system will launch in June and its /OCN token has been listed on the UpBit and Bitrex exchanges.
According to a press release Wednesday, the company said its listings on UpBit (Korea) and Bitrex (US) followed a rigorous selection process from the cryptocurrency exchanges which have strict criteria and requirements to make the cut. Odyssey also said its /OCN token is achieving trading volume of USD 44 million and rising daily.
In announcing further details about its OCN chain development, Jack Chen, Technical Lead with Odyssey Protocol, said there is a need for cross chain interoperability: “Every blockchain is creating a unique and isolated world. In order to create better synergy in the whole industry, we can not rely on only one particular blockchain.”
Odyssey says the development of the OCN chain is consistent with its mission to build a decentralized sharing economy. “The focus of OCN chain is in the direction of cross-chain interoperability and to enable businesses, especially small to medium size businesses, to develop, promote and manage their business effortlessly,” Chen added. “Eventually, OCPay will be able to support different business platforms on different blockchains.”
The OCN chain will power Odyssey’s OCpay payment platform, launching in June, with the upcoming /OCP airdrop scheduled to take place from August 31 onwards, according to a statement.
“With new companies in blockchain being developed every day, it’s important to have the foresight to develop technologies that will not only fundamentally change the way consumers interact with merchants, but do so in a way that isn’t a walled garden,” said Sophie Guan, Project Lead with Odyssey Protocol. “Odyssey is doing just that – full Interoperability and cross chain capabilities.”