Oodle Coin (OODL) Coin is a newly minted ERC-20 exchange utility token, with a total supply of 200,000,00 OODL(s). The coin is going to be used for its utility function on the exchange Oodlebit.com. OODL is a tradable cryptocurrency that gives its users utility on the Oodlebit platform. Early distribution of the token is set as follows; 50% of total supply to early investors, while the other 50% going to the public. Oodlebit Exchange has also issued a buyback agreement notice, which reads as follows:
‘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 overall coin supply.’
With that in mind, it’s a great time to get in early and get some free Oodle Coins. Also with Oodlebit‘s referral program; each successful signup you bring to the exchange will pay you another 5 OODL coins.
OodleBit Exchange is set to have btc, ltc, eos, bch, and many popular trading pairs. OodleBits will be tradable against all currencies, and your account automatically qualifies for flat-fee trading when you choose to pay in OODL coins. No matter how large any single trade is, your trade fee will never exceed $20 USD as long as you pay it with OODL!