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Odyssey (OCN) Is up 250% Since Announcing a Coin Buyback Program

The price of Odyssey (OCN), a peer-to-peer blockchain marketplace exchange ecosystem, has jumped 23% in the last 24 hours and a whopping 247% since September 11, when the project announced an OCN buyback program using platform revenue.

According to the announcement, the capital for the buybacks will come from the newly launched OCNEx, a cryptocurrency exchange that is directly integrated into the OCN ecosystem. OCNEx was developed through a Hong Kong-based crypto exchange OKEx and was launched with BTC, ETH, XRP, BCH, EOS, XLM, LTC, ADA, IOTA, TRX, OCN available to investors via BTC, ETH, USDT trading pairs.

In addition to the buyback, Odyssey has announced a system of ongoing, monthly OCP airdrops to OCN holders, which may be helping drive investors to the mid-cap altcoin. OCP is the official payment token of the OCN ecosystem.

OCN currently has a market cap of $66 million and was recently added to the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, which is down 2.5% over the last 24 hours.

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