Olympus
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Olympus
  • 👋Welcome to Olympus
    • Brief Overview
    • Summary & Starter Guide
  • 💲Olympus Tokens
    • Apollo
    • Ares
    • LP Token
  • ☄️Main Features
    • Lobby
    • Swap
    • Vault
    • Yield Farming
    • Auction
  • 📚Deeper Dive into Olympus
    • Mechanism Breakdown
    • Day 366
    • CryptoSphere
    • Price Stability & Pair Creation
    • Ares Mining
    • Taxes
  • 🛣️About Olympus
    • Roadmap
    • Tokenomics
    • Referral Program
    • Contracts & Audit
    • FAQ
  • 🎯Events and airdrops
    • Test-net Event
    • Bug Bounty
    • Join Olympus Telegram
    • Follow Olympus on X
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  1. Olympus Tokens

Ares

Ares, the god of war, has an interesting role within the Olympus ecosystem. It is designed to be burned in vault. The act of burning Ares tokens is done to earn more Apollo tokens.

Ares is considered a reward token and serves as a complementary token, Think of Ares as a bonus token. It's earned by people who participate in the Olympus system and helps make it more rewarding overall. It works alongside the main Olympus token, Apollo. Moreover, there's an extra part for trading Ares tokens in Swap. Unlike Apollo, this section doesn't depend on an Internal Swap. The reason is that Olympus primarily concentrates on the Apollo token, intending to boost its price and stability. Therefore, Olympus chose a simple Pancakeswap widget to facilitate Ares token trades. Unlike Apollo there is no fixed total supply on Ares tokens. New ones are created when people take certain actions in Olympus, and some get burned to make rewards in the Olympus vault even better. Furthermore, a 4% tax is always applied to transfers of Ares tokens to any address outside of the Olympus contracts. Earning Ares tokens is called Ares Mining.

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Last updated 1 year ago

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