Odos, which has been sustained for many years, is about to launch its token—why does the community call it a "slave project"?
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Odos, which has been sustained for many years, is about to launch its token—why does the community call it a "slave project"?
Detailed explanation of token economics and airdrop guidelines.
Navigating Web3 tides with focused insightsBy Fu He Ru, Odaily Planet Daily
As the crypto market heats up, another wave of token airdrops is underway. An increasing number of projects are launching tokens at this stage to attract user participation. Even long-dormant projects are seizing the opportunity to roll out their tokens—Odos being one of them.
Odos announced today that its airdrop eligibility checker is now live, with claimings set to officially begin on December 20. The project will also launch a loyalty program aimed at incentivizing community engagement. For long-time followers of Odos, the release of its token marks the arrival of a long-awaited milestone. However, some community members have expressed dissatisfaction with the project’s past behavior, dubbing it a "slave labor" project.
In response, Odaily Planet Daily provides a detailed breakdown of ODOS's tokenomics and airdrop criteria, reviews the project’s history, and explores why some users refer to it as a "slave labor" initiative.
Overview of Odos and Its Tokenomics
Odos is a decentralized smart order routing protocol designed to optimize user trading experiences. By aggregating liquidity across multiple decentralized exchanges (DEXs) and liquidity pools, Odos leverages automated market maker (AMM) path-finding algorithms to deliver optimal trade execution—ensuring transactions are completed at the best possible prices and lowest fees. Odos was created by Semiotic Labs, a team focused on the intersection of artificial intelligence, cryptography, and blockchain technology. This team is also a core developer of The Graph protocol.
According to official data, since its launch, Odos has achieved over $6 billion in monthly trading volume, with approximately 3 million unique wallets having used the platform. Odos is now launching its token, ODOS, through the newly formed Odos DAO, introducing a loyalty program to drive user engagement and distributing retroactive rewards to prior users.
ODOS Tokenomics and Loyalty Incentive Program
ODOS is the native token of the Odos protocol. Beyond governance, it serves as the central reward mechanism within the loyalty program. Users earn ODOS tokens by interacting with the Odos protocol. The token is ERC-20 compliant and operates on the Base chain.
The total supply of ODOS is 2.5 trillion, allocated as follows:
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Loyalty Program: 25%, vested over 60 months to support ongoing expansion of the program.
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Retroactive Rewards: 10%, fully unlocked at TGE (Token Generation Event).
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Treasury: 15%, with 60 million ODOS unlocked at TGE to serve as the initial administrative budget for Odos DAO. These funds will be allocated by designated representatives toward personnel costs, ecosystem development, and general operations. The remaining treasury balance will unlock evenly over 36 months.
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Investors: 20.4%, with 50% unlocked after a 12-month cliff post-TGE, followed by monthly unlocks of 1/24th; all tokens fully unlocked 24 months after TGE.
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Current and Future Team: 20.6%, including Semiotic Labs (1/4 unlocked after a 12-month cliff, then 1/48 monthly, fully unlocked 48 months post-TGE) and core contributors (1/3 unlocked after a 12-month cliff, then 1/36 monthly, fully unlocked 36 months post-TGE). New employees will receive tokens through future incentive programs.
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Reserve: 9%.
The Odos loyalty program rewards active users who interact with the protocol via its DApp. Every interaction on the platform is automatically recorded to determine reward eligibility and membership tier. Through a multi-tiered incentive structure, users at different levels of activity receive corresponding rebates and benefits. Transaction fees generated by users are ultimately converted into ODOS token rebates. Initially, no ODOS holdings are required to enter the base membership tier.
Retroactive Reward (Airdrop) Criteria
Odos DAO has introduced a retroactive rewards mechanism, allowing eligible users to directly access higher tiers of the loyalty program and receive enhanced benefits. Retroactive rewards are determined based on user activity between March 11, 2022, and August 28, 2024. Only users who completed qualifying trades during this period are eligible. Key criteria include:
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At least $100 in qualifying trading volume
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Trading activity on at least three separate days
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Cumulative trading volume and frequency
Currently, 494,278 addresses qualify for retroactive rewards and immediate upgrades to higher loyalty tiers.
Why Is Odos Called a 'Slave Labor' Project?
Following Odos’ announcement of its upcoming token launch, many users on social media have labeled ODOS a "slave labor" project, calling it the first project to explicitly associate bounty hunters with forced labor.
Odaily Planet Daily reviewed Odos’ earlier OAT collection campaign launched in 2022 on the Galxe platform. The campaign spanned multiple blockchains—including Ethereum, Polygon, and Arbitrum—and allowed users to collect OATs by completing specific tasks. Early supporter OATs were simple to obtain: users only needed to follow and retweet the official Twitter account to claim them, with a total issuance of 40,000 OATs.
Odos also introduced blockchain-specific testing tasks, where users earned OATs by swapping tokens across different chains. For example, collecting 32 OATs from Ethereum tasks granted an additional NFT airdrop, while completing all tasks on Polygon and Arbitrum earned users a Gold NFT.
Due to high slippage and gas fees on Ethereum at the time, many users complained that the tasks were too costly, complex, and time-consuming—describing the experience as “like doing slave labor.” Ironically, however, some users took to social media to thank Odos, noting that without these tedious tasks, they might not have qualified for Arbitrum’s major airdrop.
In any case, with just one week until claims open, the actual value delivered to users remains uncertain. Odaily Planet Daily will continue to cover developments.
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