Welcome to Olympus
The power of Gods comes alive in the form of Apollo token.
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The power of Gods comes alive in the form of Apollo token.
Last updated
Was this helpful?
Olympus is an ambitious decentralized finance initiative focused on developing an innovative and sustainable ecosystem that empowers users through its core token, Apollo. Olympus is supported by two additional tokens, Ares token and a LP token. Olympus aims to provide a range of innovative DeFi features and mechanisms such as token distribution Lobbies, Yield Farming, Vault, Reward Pools, Auctions, and more. By including these features, Olympus aims to create sustainable value for Apollo token and its holders over the long term. The combination of Olympus features and tokens establishes a platform for financial opportunities.
Olympus believes in long-term sustainability and has implemented multiple features and mechanisms to prove that a long term sustainable model is possible. Below, we will briefly explore some of Olympus' innovative approaches.
Fairly distribution of Apollo tokens through 366 day long Lobbies: Instead of immediately adding the tokens to a pool for investors to buy, not only this model ensures a fair distribution of Apollo tokens but also it help to create a fair and stable price for the token.
366 days of Buybacks: Olympus is designed to utilize the project's surplus liquidity for a 366-day long buyback program, without negatively impacting the liquidity and price of the Apollo token. By doing so, Olympus creates a strong incentive for investors and plays a vital role in sustaining the project for the long term. To delve deeper into how Olympus accomplishes this, please explore Mechanism Breakdown.
Long term and external plan for future of Apollo: we recognize that for a token to remain valuable and grow in the long term it requires continuous project updates as our Roadmap describes it and also a broader purpose, this is where CryptoSphere comes into play and serves as that purpose, utilizing and elevating the Apollo token to new heights after 366 days.
Platform-owned Liquidity that can be never removed: Olympus has implemented a Taxing system for the initial year of the project with the purpose of incentivizing long-term holding but more importantly to generate platform-owned liquidity from the collected taxes. This liquidity is added to the swap and cannot be removed, thereby stabilizing the Apollo token's price.
The combination of all these elements creates a stable and long-term passive income ecosystem, with the Apollo token falling into an asset class that matures and grows over time with always having a strong desire for owning and holding it as it serves multiple use cases.
