LITEPAPER
WHAT IS OLYX?
We are the Superapp of Sports, a move-to-earn web3 platform where players can make awesome earnings for being physically active. The Currency of Sports ($OLX) is the OLYX utility token and the symbol of this new sports economy.
GAME-FI ELEMENTS
NFT-Boosts such as NFT-Bananas increase the $OLX earnings which can be used to access premium services, or mint new NFTs. To go further, the NFT-Captain enables users to create teams competing against each other, and earn $OLX from the activity of their team members. NFT-Boosts can be bought or rented from the in-app NFT marketplace.
START EARNING IS EASY
No payment or Boost NFTs are required; no need to understand web3 and wallets.
1- Download OLYX Superapp
2- Activate the «fit index»
3- Play sports
THE OLYX SUPERAPP
The Superapp model enables us to potentially give players access to hundreds of third-party services (miniapps) such as facility bookings, partner finder, marketplaces, eCommerce, games, digital avatar, and many more.
The idea is that players can find everything they need to embrace a healthier lifestyle in one single place while having fun and earning.
At the same time we empower service providers with OLYX integrations, community and network effect. The superapp will be fully opened to external miniapp developers via an SDK.
VISION
We aim to become the operating system of a new sports decentralized economy empowering one billion players and allowing hundreds of sports businesses and organizations to thrive
DEFI ELEMENTS
Our in-app wallet will have built-in swap, stake and export functions to other wallets and NFT marketplaces. Putting crypto assets in the hands of millions, we will support our community with web3 education and increase crypto adoption. Earn and then learn…
HOW WE PROFIT
We sell digital assets, such as NFT-Boosts. We also take small commissions from all in-app transactions. Transactions come from both OLYX powered services such as NFT marketplaces but also from third-party miniapps (facility booking, event registration, e-Commerce, etc…)
SUSTAINABILITY
OLYX is committed to building a better world through sports. Players can choose to give a percentage of their daily earnings to one of OLYX CARE‘s listed charities. We focus on 6 areas: grassroots, development through sport, women in sport, education, peace and environment. OLYX CARE counts on the support of 100 elite athletes, all recognised champions with impressive track records in their respective disciplines. They support OLYX’s vision and promote OLYX CARE’s initiatives
THE CURRENCY OF SPORTS ($OLX)
TOKEN DISTRIBUTION
The OLX total supply is 1,000,000,000 (1B) with the following distribution.
- REWARDING (50%)
- RESERVE (20%)
- MARKETING (14%)
- TEAM & ADVISORS (10%)
- TOKEN SALE (6%)
TOKEN RELEASE
The token release is progressive over 10 years. There are locking and vesting periods for some groups
TOKEN BURNING & BUYBACK
The OLX is a deflationary token, with burning actions every 3 months.
The token burning strategy aims to secure the long-term goal of 100M tokens as circulating supply.
- BUY-BACK (on the open market) combined with token burn of 10% of net sales
- DIRECT BURN of tokens from the reserve and rewarding pools
