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Olympus Token Launch: Token for the Gods

3y ago
bullish:

7

bearish:

1

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Since the advent of blockchain technology and cryptocurrency, we have had different crypto meme tokens. However, the Olympus token is the first one to align with the mythical gods of the Greeks like Zeus, Poseidon, Hades, etc. The token was created through the combined effort of the developers of Bogged.Finance, Bingus, and Gabe. Having these multiple projects combine to create Olympus token makes one wonder what it is all about and what it brings to the crypto community. 

For starters, Bingus.Finance is a blockchain-based protocol with a custom voting interface for liquidity providers. It launched the Bingus meme token on Binance Smart Chain (BSC), and 1% of transactions go to charity. Gabe is also a meme crypto token that was created to honor the memory of the late internet sensation dog called Gabe. The project is geared towards protecting and taking care of animals. Bogged.Finance is designed to help users find, research, and place an order on crypto tokens on BSC. If all these projects came together to create Olympus Token, what is the project all about?

What is Olympus Token?

Olympus token is the first crypto token to have a dual BUSD-Reflect and whale buyback system in place. Its major features include dynamically pegged-auto-liquidity generation ability, anti-bot, and snit-snipe capabilities. The token was launched on July 1st, 2021, through a fair whitelist presale using the Sabaka Launchpad. People can purchase the token through PancakeSwap, BoggedSwap, and other decentralized exchanges.

On its official site, the law of the gods reads, “Zeus resides in the heavens gathering up favor to unleash his mighty thunder, while Poseidon rules below, calming down the waters. However, when Zeus unleashes his power, beware, for Hades awaits those who flee first.” The law is made to encourage Olympus holders to keep holding onto their token as it promises skyrocket through the thunder of Zeus. 

Olympus Tokenomics

Zeus will have 4% of all transactions as he rests on his throne, ready to buy back and remove people who don’t believe in the potential of the token. With each transaction, 4% will also go to Poseidon, who represents the liquidity pool. However, when liquidity goes above 25% of the total market capitalization, the 4% fee goes to Zeus as tribute. This is done to maintain balance within its ecosystem. This is the first dynamic liquidity generation of its kind in the decentralized finance market.

Another 4% goes to Plutus, the god of wealth in Greek mythology. Each transaction is converted to BUSD and will be automatically sent to the token holders' wallets. Also, 2% of transaction fees will go to different wallets as an incentive for development and marketing activities. At the end of every buyback within the system, the transaction for fees will be doubled for a period of 30 minutes while descending to its original rate with each minute.

Olympus Token BUSD-Reflection

For token holders, BUSD will be automatically awarded to them based on the percentage of their holdings. The BUSD is shared once enough quantity has accrued within the system, and it is only generated based on volume. Therefore, a high volume of the token means you will have a greater reward. 

By buying or selling Olympus, users can trigger a BUSD airdrop. Meanwhile, waiting and doing nothing means the BUSD will be delivered at its optimal time. Before you can see the drops, you have to enable BEP-20 BUSD within your crypto wallet. Once all these have been done, users will have to wait for the reflection to take. 

Conclusion

There are several meme coins out there. While some people have been greatly rewarded, others have been on the receiving end. Therefore, you must do your due diligence before investing your money in any of these coins.

3y ago
bullish:

7

bearish:

1

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