What is OlympusDAO (OHM) | What is Olympus token | What is OHM token

In this post, I will try to explain how Olympus works in low complexity terms. I hope it provides you with a good understanding of the problem we’re tackling and how we aim to solve it.

So, what is the problem? That we still do not have an independently valued digital currency. I think it’s pretty well understood at this point that Bitcoin is not a currency; it is money (an asset). The same goes for ETH, and any other “cryptocurrency” out there today. The perfect currency holds the same purchasing power today as in 50 years. It provides a stable and consistent foundation upon which contracts can be formed, financial planning can be done, prices can be marketed; basically, upon which an economy can run. This is impossible in absolute terms, but I don’t think anything out there even comes close to this today.

How are we addressing this problem? With dollar coins (imo incorrectly dubbed “stablecoins”). At the time of writing, there are $38 billion in USD tokens circulating. They have become the primary trading pairs in crypto markets and the most popular assets in DeFi. There’s a strange irony to the fact that the most utilized cryptocurrency is really just a digitized dollar. While functional stablecoins may achieve a stable USD value, that does not mean they’re stable in purchasing power. Their real value changes just like dollars in a bank account, and that value is heavily reliant on the policies of the Federal Reserve and US government, and on the US economy.

Recently, there’s been a wave of algorithmic stablecoins seeking to emulate a dollar peg without collateral (or less than 1:1 backing). I believe we can go a step further. Each iteration in the line of algos has demonstrated different ways of achieving stability, and many of them work! What if we could achieve stability while still maintaining a floating market-driven price? That is Olympus.

How it works:

Each OHM token is backed by 1 DAI in the treasury. However, tokens can’t be minted or burned by anyone except the protocol. The protocol only does so in response to price. When OHM trades below 1 DAI, the protocol buys back and burns OHM; when OHM trades above 1 DAI, the protocol mints and sells new OHM. Because the treasury must hold 1 DAI and only 1 DAI for each OHM, every time it buys or sells it makes a profit. It either gets more than 1 DAI for the sale, or spent less than 1 DAI on the purchase.

The fact that the protocol holds DAI for each token allows us to say with certainty that OHM will not trade below its intrinsic value in the long term. This allows investments to be made with defined risk (1 DAI is your guaranteed long-term price floor), because the protocol can and will buy indefinitely below 1 DAI until no one is left to sell, even if it means supply is reduced to 0. In fact, an event like that would be immensely profitable to those who didn’t sell; they’d end up with a chunk of every token burned.

It is important to understand that OHM does not rebase. Rather, new supply is created via direct sales into the market and burned via direct purchases from the market. This way, OHM remains backed by real assets in the treasury.

Holding DAI to back tokens also creates a yield generation opportunity. We could keep it all locked away in a vault, but that would be a waste. The protocol never needs more than a few percent of reserves on even the largest down days, meaning we are free to utilize the rest. We will plug those assets into yield aggregators and add the proceeds onto profits from buying and selling OHM.

The initial profit distribution will be: 90% to stakers and 10% to the DAO (these allocations will be changed if necessary, as decided by the DAO). All rewards are paid in OHM backed by DAI. This system maintains a stable intrinsic value and reduces the incentive role of appreciation in favor of accumulation, like with real currency: you try to get more dollars, you don’t hope your dollars become worth more (though we do have both).

So, how do I play this? The best way is to buy as close to or below 1 DAI as you can. The distance from 1 is the risk you take on (it’s actually negative below 1!). Regardless of where you buy, you can then stake your OHM or provide it to the Sushi pool as liquidity and bond the LP token. In both cases, you earn a more OHM over time.

**When can I play this? **We are actively in development, targeting a launch in March. We will announce details of our fair launch event closer to then.

A model of the system (excluding treasury yield) at the initial policy state and various prices.

Some additional notes:

This article is intentionally vague on implementation details to avoid front-running. We will share more of the “how” closer to launch. This is merely meant to give you an idea of “what” Olympus is.

There are several stabilization components that we will announce later on. These will allow us to achieve a stable floating price at scale; however, stability is not the goal in this stage as our initial profitability and growth are mainly driven by volatility.

The treasury does not have to be DAI forever. We are starting with it because USD is familiar and common, and we want to minimize complexity in this initial stage. Plus, DAI enjoys some of the highest yields in DeFi. However, down the road I hope to see Bitcoin become part of the treasury. I believe the best currency should be backed by the best money.

A portion of all of the protocols revenues go to the DAO, capitalizing it with real assets. Unlike many projects, we will not have to sell our native token into the market to realize DAO funds, because we always have the option of using their backing.

OHM will be most successful if it is positioned as a USD-alternative primitive for DeFi. We will work hard to get OHM integrated into money markets, DEX pairs, and yield farming protocols. We will also encourage its use as an alternative to holding USD. Eventually, you’ll be able to quote prices in OHM with a reasonable expectation that they’ll remain the same in the future. At that point, we hope to see people flee to OHM as a safe haven during risk-off periods rather than USD. We will do as much as we can to realize this, but ultimately it is a mindset and belief system (like any money or currency) that will rely on the support of you, the community.

So why Olympus (OHM)?

As compared to other algorithmic stable coins, which aims to maintain 1:1 pegged to USD through rebasing. What makes Olympus (OHM) special is that it is an Algorithmic Currency Protocol that aims to retain purchasing power. What this means is that OHM does not necessarily need to be 1USD, its price can be higher based on market demand.

For Olympus case, DAI was chosen the be the first collateral since it is easier to get to most people. There will be other collateral in the future, but I will just be using DAI in my article for simplicity’s sake.

Each OHM token will be backed by 1 DAI in the treasury. The protocol has a burn/mint mechanic.

When OHM trades below 1 DAI, the protocol buys back and burn OHM

When OHM trades above 1 DAI, the protocol mints and sells new OHM.

The protocol profits every time there is a buy or sell.

Most of the DAI in the treasury is also being deployed in yield farming. Which generates even more profits.

These profits will be value-adding to OHM. Initial profit distribution will be 90% to stakers and 10% to DAO.

Bonding:

  1. Add liquidity to OHM-DAI to Sushiswap, 1:1

  2. You will receive OHM-DAI LP tokens.

  3. Go to Olympus website and select ‘create bond’

  4. A price will be provided, and if you accept, you will receive a claim on OHM.

*Benefits of bonding arethat you will get to buy cheaper OHM in the future. Which you can stake to even earn more OHM.

Staking:

  • Stake OHM, receive sOHM at 1:1.

Unstaking:

  • Send sOHM back, and receive OHM at 1:1

So how do I earn?

sOHM will be rebased according to the profits earned by protocol.

Example:

  1. Currently, 100 OHM staked, 100 sOHM outstanding.
  2. Protocol earned $10, which will be converted to 10 OHM.
  3. The 10 OHM will be sent to the contract, which results in 110 OHM staked, 100 sOHM outstanding.
  4. 100 sOHM will be rebased to 110 (10%), which means your sOHM will be increased by 10% as well.

Source : https://www.youtube.com/watch?v=hec_pS0yMbw

What is pOHM?

The paradox of DeFi is we all want great projects that make us money, but no one wants to pay for them. Fair launch is great in spirit, but it’s not feasible in practice.

Prelude

We’ve tried to maintain as much fairness as possible for Olympus. Hopefully that has been clear through the Initial Discord Offering, having a small initial supply, being open with information, and all of our other efforts to keep everyone on a level playing field.

But nothing comes free. Building a solid protocol is hard work, and it requires capital. Audits, development, legal, all of these things need some amount of money to get done. Beyond that, it requires alignment so that contributors feel personally incentivized to give it their all (as we do).

So, we held a private funding round with Zee Prime Capital, Nascent, D64 Ventures, Maven11 Capital, and a few individual investors to bootstrap development. We are very happy with this cohort. Our goal in the round was primarily to bring on funds and individuals we believe can be pivotal to the success of the protocol.

How it works

The private sale was not for OHM. We cannot pre-mine and sell the actual OHM token. If we did, we would need to take $1 per OHM sold in addition to the actual raise to make sure the tokens are backed. This would be really inefficient and capital intensive. So, how did we do it?

Through a sale of pOHM. pOHM is a precursor derivative of OHM; it gives the holder the option to mint OHM by burning pOHM and providing the intrinsic value of OHM. For example, an investor would provide 1 DAI and 1 pOHM to mint 1 OHM.

This makes it similar to an option. pOHM is worth the price of OHM minus intrinsic value, and it only makes sense to redeem it when OHM is above intrinsic value. This ensures that our incentives are aligned to keep the premium alive.

But it doesn’t stop there. pOHM is also vested based on supply. As OHM supply grows, more pOHM become available to redeem. So we don’t get an upfront payoff or an arbitrary date at which tokens have vested. We need supply to grow too.

We believe this creates the most optimal incentive alignment you could ask for. Tokens vest along with supply, and are only redeemed when we trade with a positive extrinsic value. We the team, investors and advisors, don’t only want supply to increase, or price to go up, we want both. And so do you.

The Specifics

Team, investor, and advisor pOHM cumulatively vest as 11.8% of OHM supply. This means that at 1m OHM supply, a maximum of 118k pOHM can be redeemed. At 10m OHM supply, it’s 1.18m pOHM. pOHM holders finish vesting anywhere from 2b to 5b supply, so this is a long term bet. There’s a lot of upside for holders, but it is dependent on actual growth of the protocol.

The breakdown is as follows:

  • Team: 330m pOHM and 7.8% supply
  • Investors: 70m pOHM and 3% supply
  • Advisors: 50m pOHM and 1% supply
  • DAO: 550m pOHM and no supply cap (community can decide that!)

Would you like to earn TOKEN right now! ☞ CLICK HERE

How and Where to Buy Olympus (OHM)?

Olympus is now live on the Ethereum mainnet. The token address for OHM is 0x383518188c0c6d7730d91b2c03a03c837814a899. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Next step

Connect Metamask wallet to Uniswap Decentralized Exchange and Buy OHM token

Contract: 0x383518188c0c6d7730d91b2c03a03c837814a899

Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap

The top exchange for trading in OHM token is currently Uniswap, Sushiswap and 0x Protocol

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once OHM gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com
https://www.bittrex.com
https://www.poloniex.com
https://www.bitfinex.com
https://www.huobi.com
https://www.mxc.ai
https://www.probit.com
https://www.gate.io
https://www.coinbase.com

Find more information OHM

WebsiteExplorerSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds

If you are a beginner, learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

Don’t hesitate to let me know if you intend to give a little extra bonus to this article. I highly appreciate your actions!

Wallet address:

BTC : 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c
USDT : 0xfee027e0acfa386809eca0276dab286900d75ad7
DOGE : DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ

Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!

#bitcoin #crypto #ohm #olympus

What is GEEK

Buddha Community

What is OlympusDAO (OHM) | What is Olympus token | What is OHM token

What is OlympusDAO (OHM) | What is Olympus token | What is OHM token

In this post, I will try to explain how Olympus works in low complexity terms. I hope it provides you with a good understanding of the problem we’re tackling and how we aim to solve it.

So, what is the problem? That we still do not have an independently valued digital currency. I think it’s pretty well understood at this point that Bitcoin is not a currency; it is money (an asset). The same goes for ETH, and any other “cryptocurrency” out there today. The perfect currency holds the same purchasing power today as in 50 years. It provides a stable and consistent foundation upon which contracts can be formed, financial planning can be done, prices can be marketed; basically, upon which an economy can run. This is impossible in absolute terms, but I don’t think anything out there even comes close to this today.

How are we addressing this problem? With dollar coins (imo incorrectly dubbed “stablecoins”). At the time of writing, there are $38 billion in USD tokens circulating. They have become the primary trading pairs in crypto markets and the most popular assets in DeFi. There’s a strange irony to the fact that the most utilized cryptocurrency is really just a digitized dollar. While functional stablecoins may achieve a stable USD value, that does not mean they’re stable in purchasing power. Their real value changes just like dollars in a bank account, and that value is heavily reliant on the policies of the Federal Reserve and US government, and on the US economy.

Recently, there’s been a wave of algorithmic stablecoins seeking to emulate a dollar peg without collateral (or less than 1:1 backing). I believe we can go a step further. Each iteration in the line of algos has demonstrated different ways of achieving stability, and many of them work! What if we could achieve stability while still maintaining a floating market-driven price? That is Olympus.

How it works:

Each OHM token is backed by 1 DAI in the treasury. However, tokens can’t be minted or burned by anyone except the protocol. The protocol only does so in response to price. When OHM trades below 1 DAI, the protocol buys back and burns OHM; when OHM trades above 1 DAI, the protocol mints and sells new OHM. Because the treasury must hold 1 DAI and only 1 DAI for each OHM, every time it buys or sells it makes a profit. It either gets more than 1 DAI for the sale, or spent less than 1 DAI on the purchase.

The fact that the protocol holds DAI for each token allows us to say with certainty that OHM will not trade below its intrinsic value in the long term. This allows investments to be made with defined risk (1 DAI is your guaranteed long-term price floor), because the protocol can and will buy indefinitely below 1 DAI until no one is left to sell, even if it means supply is reduced to 0. In fact, an event like that would be immensely profitable to those who didn’t sell; they’d end up with a chunk of every token burned.

It is important to understand that OHM does not rebase. Rather, new supply is created via direct sales into the market and burned via direct purchases from the market. This way, OHM remains backed by real assets in the treasury.

Holding DAI to back tokens also creates a yield generation opportunity. We could keep it all locked away in a vault, but that would be a waste. The protocol never needs more than a few percent of reserves on even the largest down days, meaning we are free to utilize the rest. We will plug those assets into yield aggregators and add the proceeds onto profits from buying and selling OHM.

The initial profit distribution will be: 90% to stakers and 10% to the DAO (these allocations will be changed if necessary, as decided by the DAO). All rewards are paid in OHM backed by DAI. This system maintains a stable intrinsic value and reduces the incentive role of appreciation in favor of accumulation, like with real currency: you try to get more dollars, you don’t hope your dollars become worth more (though we do have both).

So, how do I play this? The best way is to buy as close to or below 1 DAI as you can. The distance from 1 is the risk you take on (it’s actually negative below 1!). Regardless of where you buy, you can then stake your OHM or provide it to the Sushi pool as liquidity and bond the LP token. In both cases, you earn a more OHM over time.

**When can I play this? **We are actively in development, targeting a launch in March. We will announce details of our fair launch event closer to then.

A model of the system (excluding treasury yield) at the initial policy state and various prices.

Some additional notes:

This article is intentionally vague on implementation details to avoid front-running. We will share more of the “how” closer to launch. This is merely meant to give you an idea of “what” Olympus is.

There are several stabilization components that we will announce later on. These will allow us to achieve a stable floating price at scale; however, stability is not the goal in this stage as our initial profitability and growth are mainly driven by volatility.

The treasury does not have to be DAI forever. We are starting with it because USD is familiar and common, and we want to minimize complexity in this initial stage. Plus, DAI enjoys some of the highest yields in DeFi. However, down the road I hope to see Bitcoin become part of the treasury. I believe the best currency should be backed by the best money.

A portion of all of the protocols revenues go to the DAO, capitalizing it with real assets. Unlike many projects, we will not have to sell our native token into the market to realize DAO funds, because we always have the option of using their backing.

OHM will be most successful if it is positioned as a USD-alternative primitive for DeFi. We will work hard to get OHM integrated into money markets, DEX pairs, and yield farming protocols. We will also encourage its use as an alternative to holding USD. Eventually, you’ll be able to quote prices in OHM with a reasonable expectation that they’ll remain the same in the future. At that point, we hope to see people flee to OHM as a safe haven during risk-off periods rather than USD. We will do as much as we can to realize this, but ultimately it is a mindset and belief system (like any money or currency) that will rely on the support of you, the community.

So why Olympus (OHM)?

As compared to other algorithmic stable coins, which aims to maintain 1:1 pegged to USD through rebasing. What makes Olympus (OHM) special is that it is an Algorithmic Currency Protocol that aims to retain purchasing power. What this means is that OHM does not necessarily need to be 1USD, its price can be higher based on market demand.

For Olympus case, DAI was chosen the be the first collateral since it is easier to get to most people. There will be other collateral in the future, but I will just be using DAI in my article for simplicity’s sake.

Each OHM token will be backed by 1 DAI in the treasury. The protocol has a burn/mint mechanic.

When OHM trades below 1 DAI, the protocol buys back and burn OHM

When OHM trades above 1 DAI, the protocol mints and sells new OHM.

The protocol profits every time there is a buy or sell.

Most of the DAI in the treasury is also being deployed in yield farming. Which generates even more profits.

These profits will be value-adding to OHM. Initial profit distribution will be 90% to stakers and 10% to DAO.

Bonding:

  1. Add liquidity to OHM-DAI to Sushiswap, 1:1

  2. You will receive OHM-DAI LP tokens.

  3. Go to Olympus website and select ‘create bond’

  4. A price will be provided, and if you accept, you will receive a claim on OHM.

*Benefits of bonding arethat you will get to buy cheaper OHM in the future. Which you can stake to even earn more OHM.

Staking:

  • Stake OHM, receive sOHM at 1:1.

Unstaking:

  • Send sOHM back, and receive OHM at 1:1

So how do I earn?

sOHM will be rebased according to the profits earned by protocol.

Example:

  1. Currently, 100 OHM staked, 100 sOHM outstanding.
  2. Protocol earned $10, which will be converted to 10 OHM.
  3. The 10 OHM will be sent to the contract, which results in 110 OHM staked, 100 sOHM outstanding.
  4. 100 sOHM will be rebased to 110 (10%), which means your sOHM will be increased by 10% as well.

Source : https://www.youtube.com/watch?v=hec_pS0yMbw

What is pOHM?

The paradox of DeFi is we all want great projects that make us money, but no one wants to pay for them. Fair launch is great in spirit, but it’s not feasible in practice.

Prelude

We’ve tried to maintain as much fairness as possible for Olympus. Hopefully that has been clear through the Initial Discord Offering, having a small initial supply, being open with information, and all of our other efforts to keep everyone on a level playing field.

But nothing comes free. Building a solid protocol is hard work, and it requires capital. Audits, development, legal, all of these things need some amount of money to get done. Beyond that, it requires alignment so that contributors feel personally incentivized to give it their all (as we do).

So, we held a private funding round with Zee Prime Capital, Nascent, D64 Ventures, Maven11 Capital, and a few individual investors to bootstrap development. We are very happy with this cohort. Our goal in the round was primarily to bring on funds and individuals we believe can be pivotal to the success of the protocol.

How it works

The private sale was not for OHM. We cannot pre-mine and sell the actual OHM token. If we did, we would need to take $1 per OHM sold in addition to the actual raise to make sure the tokens are backed. This would be really inefficient and capital intensive. So, how did we do it?

Through a sale of pOHM. pOHM is a precursor derivative of OHM; it gives the holder the option to mint OHM by burning pOHM and providing the intrinsic value of OHM. For example, an investor would provide 1 DAI and 1 pOHM to mint 1 OHM.

This makes it similar to an option. pOHM is worth the price of OHM minus intrinsic value, and it only makes sense to redeem it when OHM is above intrinsic value. This ensures that our incentives are aligned to keep the premium alive.

But it doesn’t stop there. pOHM is also vested based on supply. As OHM supply grows, more pOHM become available to redeem. So we don’t get an upfront payoff or an arbitrary date at which tokens have vested. We need supply to grow too.

We believe this creates the most optimal incentive alignment you could ask for. Tokens vest along with supply, and are only redeemed when we trade with a positive extrinsic value. We the team, investors and advisors, don’t only want supply to increase, or price to go up, we want both. And so do you.

The Specifics

Team, investor, and advisor pOHM cumulatively vest as 11.8% of OHM supply. This means that at 1m OHM supply, a maximum of 118k pOHM can be redeemed. At 10m OHM supply, it’s 1.18m pOHM. pOHM holders finish vesting anywhere from 2b to 5b supply, so this is a long term bet. There’s a lot of upside for holders, but it is dependent on actual growth of the protocol.

The breakdown is as follows:

  • Team: 330m pOHM and 7.8% supply
  • Investors: 70m pOHM and 3% supply
  • Advisors: 50m pOHM and 1% supply
  • DAO: 550m pOHM and no supply cap (community can decide that!)

Would you like to earn TOKEN right now! ☞ CLICK HERE

How and Where to Buy Olympus (OHM)?

Olympus is now live on the Ethereum mainnet. The token address for OHM is 0x383518188c0c6d7730d91b2c03a03c837814a899. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Next step

Connect Metamask wallet to Uniswap Decentralized Exchange and Buy OHM token

Contract: 0x383518188c0c6d7730d91b2c03a03c837814a899

Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap

The top exchange for trading in OHM token is currently Uniswap, Sushiswap and 0x Protocol

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once OHM gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com
https://www.bittrex.com
https://www.poloniex.com
https://www.bitfinex.com
https://www.huobi.com
https://www.mxc.ai
https://www.probit.com
https://www.gate.io
https://www.coinbase.com

Find more information OHM

WebsiteExplorerSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds

If you are a beginner, learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

Don’t hesitate to let me know if you intend to give a little extra bonus to this article. I highly appreciate your actions!

Wallet address:

BTC : 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c
USDT : 0xfee027e0acfa386809eca0276dab286900d75ad7
DOGE : DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ

Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!

#bitcoin #crypto #ohm #olympus

Words Counted: A Ruby Natural Language Processor.

WordsCounted

We are all in the gutter, but some of us are looking at the stars.

-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Are you using WordsCounted to do something interesting? Please tell me about it.

 

Demo

Visit this website for one example of what you can do with WordsCounted.

Features

  • Out of the box, get the following data from any string or readable file, or URL:
    • Token count and unique token count
    • Token densities, frequencies, and lengths
    • Char count and average chars per token
    • The longest tokens and their lengths
    • The most frequent tokens and their frequencies.
  • A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
  • Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
  • Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

  1. A space-delimited string. The filter will normalise the string.
  2. A regular expression.
  3. A lambda.
  4. A symbol that names a predicate method. For example :odd?.
  5. An array of any combination of the above.
tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Contributors

See contributors.

Contributing

  1. Fork it
  2. Create your feature branch (git checkout -b my-new-feature)
  3. Commit your changes (git commit -am 'Add some feature')
  4. Push to the branch (git push origin my-new-feature)
  5. Create new Pull Request

Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license

#ruby  #ruby-on-rails 

Royce  Reinger

Royce Reinger

1658068560

WordsCounted: A Ruby Natural Language Processor

WordsCounted

We are all in the gutter, but some of us are looking at the stars.

-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Features

  • Out of the box, get the following data from any string or readable file, or URL:
    • Token count and unique token count
    • Token densities, frequencies, and lengths
    • Char count and average chars per token
    • The longest tokens and their lengths
    • The most frequent tokens and their frequencies.
  • A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
  • Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
  • Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

  1. A space-delimited string. The filter will normalise the string.
  2. A regular expression.
  3. A lambda.
  4. A symbol that names a predicate method. For example :odd?.
  5. An array of any combination of the above.
tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Are you using WordsCounted to do something interesting? Please tell me about it.

Gem Version 

RubyDoc documentation.

Demo

Visit this website for one example of what you can do with WordsCounted.


Contributors

See contributors.

Contributing

  1. Fork it
  2. Create your feature branch (git checkout -b my-new-feature)
  3. Commit your changes (git commit -am 'Add some feature')
  4. Push to the branch (git push origin my-new-feature)
  5. Create new Pull Request

Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted 
License: MIT license

#ruby #nlp 

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

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A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token

aaron silva

aaron silva

1621844791

SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

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