Olive Price (OLV)

What Is Olive(OLV)?

OLIVE Token users Klaytn Blockchain Network's standard token specification KIP-7 for the stability and the expandability of transactions (Table 1-1). Additionally, to implement Non-Fungible Token(NFT), we use Klaytn's token standard KIP-17. KIP-17 allows the implementation of standard API for NFT within smart contracts and provides basic features for NFT tracking and transport.

OLIVE Metaverse platform was built on Klaytn(KLAY) network, the mainnet of Ground X to maximize all economic activities of the metaverse. External clients including the existing consumers and potential consumers and internal clients such as franchisees and staff become the main users to use the metaverse through their 3D avatars to experience the brand value of OLIVE and expand the business value.

OLIVE Metaverse Platform uses and is maintained by Klaytn network's standard KIP-7-based OLIVE Token as the medium. OLIVE Token becomes the medium that organically connects the contents and assets, users and contents, users and users, and OLIVE and users. Moreover, OLIVE rewards all activities of the users as points to raise the users' motivation to participate in the platform and to vitalize the platform. The points earmed as rewards can be utilized as a payment method on purchasing items on the playground of the metaverse platform such as customization, and it can be used for assets exchange by exchanging them with different virtual assets via the wallet service of the Klaytnnetwork.

Why Olive?

OLIVE plans to give participation motivation and entertainment by rewarding all activities within the platform as points. Rewarded points can be exchanged for OLIVE Tokens to use. OLIVE Token is the platform’s standard payment method that is not only used for the platform service such as ‘decorate avatar’, it can also be used as the payment method for offline stores and online(including app) orders.
Points are given in grades based on the activities of the users within the platform, and the conditions and payment rate for the points to be granted in the metaverse platform will be adjusted based on the increase of the users and the progress of the events. Olive metaverse platform users with KYC authentication completed can use Klaytn network’s wallet service to exchange their OLIVE Tokens for other assets to use for asset transactions.

Olive (OLV) Community

• Twitter: https://twitter.com/olivemetaverse
• Telegram: https://t.me/OLIVE_PROJECT

What is Olive (OLV) Contracts address?

• Klaytn: 0x2350caf0eead5677e85b5282fa68d8d42fa381bf