Olive(OLV) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, Olive (OLV) , at 08:00 AM on May 11th (UTC), 2022.

Startup Link: https://www.gate.io/startup

Introduction to Olive (OLV)

OLIVE is the first blockchain business project for Genesis BBQ.
Genesis BBQ is one of the biggest F&B franchise companies in Korea and East Asia, especially known for its fried chicken brand in Korea.
OLIVE’s Metaverse Platform allows participants to create and share everything they imagine through 3D avatars and Playground services. Olive Token will be also based on the E2E(Eat-To-Earn) concept. Where people can order food from our partner food brand to get rewards in Olive token. BBQ is managing its local franchise offline in over 4,000 stores by using the BBQ APP over the world and customers can use and order food from it. In the App, There is an Olive point which is a credit point that can convert to real money points to buy food and other products and goods on the Olive platform.

(The information below is provided by the Olive team. Please follow their website for more information）

Token Information
Token name: OLIVE
Token symbol: OLV
Max Supply: 1,000,000,000 OLV
Token Type: Klaytn (KIP7)
Token Contract：0x2350caf0eead5677e85b5282fa68d8d42fa381bf
Token Distribution and Unlocking Rules:
*Ecosystem: 30%
12 months cliff, 37 months linear vesting
*Development: 20%
7 months cliff, 36 months linear vesting
*Team: 10%
9 months cliff, 18 months linear vesting
*Marketing: 5%
6 months cliff, 16 months linear vesting
*Advisor & Partners: 5%
9 months cliff, 18 months linear vesting
*Token Swap: 30%
0.5% at TGE, 39 months linear vesting

Website: http://service.oliveco.biz/
Whitepaper: https://drive.google.com/file/d/1nregqKdP4cKLHIUHGJNlxfqaU09qC2jL/view
Token Information:
https://scope.klaytn.com/account/0x2350caf0eead5677e85b5282fa68d8d42fa381bf?tabId=txList

Olive Startup Airdrop Rules

(1) Duration: 08:00 AM on May 11th—08:00 AM on May 12th (UTC), 2022. (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Airdrop, users will need to be VIP1 and above.
(3) Price: $0; Reference price : $0.41; Startup Supply: 200,000 OLV
(4) Subscription limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 08:00 AM on May 11th—08:00 AM on May 12th (UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(8) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the airdrop eligibility after placing the orders until we announce the airdrop result. An insufficient balance will result in the cancellation of the airdrop distribution.
(9) Each type of currency can only be staked once with each KYC account.
(10) After 08:00 AM(UTC) on May 12th, we will collect all the qualified orders and distribute the tokens according to the ratio of the individual USDT placing orders to all participation orders in total.
(11) Trading starts time: 12:00 PM (UTC) on May 12th

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