Day 366

Day 366 will be a significant event as it marks the end of certain functions in Olympus and the beginning of the next project, CryptoSphere. This transition will bring a new meaning and era to the Olympus and Apollo and for all the investors involved.

After Day 366, three important changes will occur in Olympus:

1. No More Lobbies: The token distribution process will be completed. Although investors can still earn tokens from Vault for a while but there will be no further opportunities to acquire tokens through lobbies.

2. No More Swap Buybacks: We will no longer repurchase tokens through the swap mechanism after Day 366. This is because the Lobbies will no longer be available.

3. Token Transfer Taxes: The Taxes on token transfer and swaps will be permanently set to zero. This means that Apollo tokens can be freely transferred without any additional fees.

These changes reflect our focus on the launch of CryptoSphere and it's integration wit Apollo token. We are excited about this new phase and appreciate the support of our investors throughout this journey.

Due to the absence of buybacks through the swap mechanism after Day 366, it is expected that there may be increased selling pressure in the short term. However, this selling pressure will likely be temporary. As the absence of new lobbies means fewer tokens entering circulation, it is logical to anticipate a decrease in the token supply, which can lead to an increase in price. Additionally, the presence of significant liquidity provided by the platform will help prevent substantial price decreases.

Overall, a realistic prediction regarding the daily price effect would be a minor initial price decrease. However, this decrease is expected to be temporary and not significant. It is anticipated that the price will recover and increase within a short period of time due to the upcoming launch of CryptoSphere and new utility of Apollo token in it which is the most important event.

CryptoSphere

CryptoSphere is an evolving concept with a vision to become a modern and future-oriented center in the crypto industry. Our primary objective is to assist users in securely holding their tokens while offering a comprehensive suite of financial solutions that empower them in their crypto journey. It offers a range of innovative services to cater to the needs of individuals and other projects in the digital asset and defi space. While we are still in the early development phase of CryptoSphere and we have not yet begun the main coding, we have been diligently working on refining the idea for quite some time. We plan to commence code development in the second/third quarter of Olympus. This strategic decision allows us to build a supportive community and generate the necessary attention and investments required for the successful launch of CryptoSphere. We highly value our early adopters and loyal investors in Olympus. To show our appreciation, we have devised a unique plan to reward them. A portion of the revenue generated by CryptoSphere will be dedicated to these supporters. The exact percentage is yet to be determined. The distribution of this royalty percentage will be among all holders of Apollo tokens. However, the final allocation may also be influenced by factors such as loyalty to Olympus project and the duration of token holding. The longer and more loyal our investors have been, the higher their potential share of the CryptoSphere revenue.

We understand the importance of clear communication and transparency, and we will provide updates to our community as the development of CryptoSphere progresses. We are excited about the future and are committed to building a robust and rewarding financial ecosystem for all participants. What does this mean for Olympus investors? As an Olympus investor, your support and involvement in our project are greatly appreciated. We acknowledge that a significant portion of the success of CryptoSphere relies on substantial investments, and we are committed to ensuring that our community is well-prepared and actively engaged when launching. As part of our approach, we have initiated Olympus project with a dual purpose. Firstly, it serves as a means to gather a strong and dedicated community and generate attention for the upcoming launch of CryptoSphere. Additionally, we recognize the untapped potential of Olympus and aim to leverage its opportunities to complement and enhance the development of CryptoSphere. This utilization of Olympus allows us to not only build a solid foundation but also explore and capitalize on the synergistic benefits between the two initiatives for mutual growth and success.

As we progress with the development of CryptoSphere, we will continue to provide updates and transparency regarding the distribution of rewards and the overall progress of the project.

Furthermore, the Apollo token will play significant role as the main token within the features of CryptoSphere. We are committed to ensuring that the Apollo token consistently offers a compelling use case, contributing to its value appreciation. By integrating the Apollo token into various functions and services within CryptoSphere, we aim to enhance its utility and provide incentives for token holders. This approach not only strengthens the overall ecosystem but also supports the long-term growth and price potential of the Apollo token. Read more about CryptoSphere.