Everything you want to know about OLIVE Tokens and the key timelines
This section is for informative purposes only and should not be considered as investment advice.
OLIVE is Olive's native protocol token and is issued by Olive DAO.
The OLIVE token will be a standard ERC-20 token on Ethereum.
Token Generation Event (TGE): TBD
Be careful with anyone offering OLIVE tokens until TGE. They may be scams.
The OLIVE token is a utility and governance token that truly allows the Olive Community to own and govern the Olive protocol. As such, holders of OLIVE tokens accrue voting rights proportional to their holdings. OLIVE aligns incentives between the Team, Community, Traders, Investors and Partners of the Olive ecosystem by enabling shared control.
OLIVE tokenomics enables robust governance to drive future growth and decentralise the Olive protocol. OLIVE token finds its utility in protocol governance (casting a vote or creating a proposal).
A total of 1,000,000,000 OLIVE tokens will be minted.
Their distribution is as shown below:
To achieve our goal of fair and distributed ownership and decentralization of the protocol, we have designed our tokenomics and community program to give everyone in the Olive community a fair chance to own OLIVE by contributing to the protocol's growth.
Once the whole community tokens are exhausted, the community can mint new tokens with a time-lock of 28 days and clear utility for those tokens to ensure the community has the resources to continue growing the protocol.
The community will have full control over how the community allocation is used.
OLIVE holders are called Olivers.
Series A Sale
Team Performance Incentive
Maximum OLIVE supply is set at 1,000,000,000.
The below chart shows the token release schedule as per the vesting schedule outlined in the distribution table above. For modelling purposes, community and public tokens are assumed to vest daily over 48 months. In reality, it will be further delayed due to reward capping and purchase schedules. Foundation reserve tokens are assumed to be locked up for the 1st year, followed by daily vesting over 3 years.
- Seed Sale: August 2021
- Strategic Sale: December 2021
- Private Sale: TBD
- Public Sale: TBD
- Token Generation Event: TBD
Note: Details about the rounds, key timelines et al. are indicative in nature and subject to change in the future without prior intimation based on discovering new facts and information or because of factors outside our control such as market sentiments, feature launch timelines, trading volumes, competitive & legal landscape, etc.