What is Olive Cash (OLIVE) | What is Olive Cash token | What is OLIVE token

In this article, we’ll discuss information about the Olive Cash project and OLIVE token

Olive.Cash is a next generation yield farm with cross chaining opportunities. Platform allows users to earn $Olive be staking Single and LP tokens following modern farming UI/UX. We don’t have Deposit Fees. $Olive is the fuel for the Olive.Cash eco system. Olive.Cash has the following pools farms and pools: -Farms allows you to earn $Olive with the LP tokes you have. -Pools allows you to earn $Olive with other tokens that you already have.

  • OliveCash is a cross chain Yield Farming project running on Binance Smart Chain Avalanche chain.

  • OliveCash is Meme Coins Launchpad.

  • OliveCash do @PancakeSwap job for Avalanche ecosystem.

What makes Olive.Cash different from every other “farm”?

We’re a team of experienced developers who really enjoy the DeFi movement and are willing to dedicate your time to take this project to the next level. We guess you are sick of rug pulls, we are too!

Mission

Our mission is to create the most Economically Sustainable and Accessible yield farming community on BSC and Avalanche by providing a simple user interface, facilitating access to DeFi, and creating a perpetual deflation token, the Olive token.

Vision

OliveCash has the goal of fostering AMM, Yeild Farming and DeFi market by facilitating the participation of traditional investors to the Crypto Ecosystem. Expanding the potential market reach requires simple and smooth interfaces as well as easier connections between Fiat and Crypto markets. To increase protocol economical sustainability, we aim at increasing burning fees and defining additional deflationary strategies benefitting holders.

Values

Access, Hard working, Value Delivery andLong Term Growth are our top priorities.

Olive Garden

Olive Garden Pools: its a place where new tokens meet the Olive.Cash community!

​ Olive GardenPools allow Avalanche chain projects to bootstrap adoption by distributing a portion of their tokens to OLIVE token holders.

Olive.Garden Pool is split into two sections: Core and Community.

  • Core will be initially selected by the Olive.Cash team.
  • Community will be projects that pass a community vote on social networks.

Note that any project will be able to distribute tokens via Olive.Garden Pool, but only projects that win a vote would be listed on the swap interface as a default option (in order to discourage scams).

Why would projects want to participate?

Since Olive.Cash has had the launch on Avalanche, Olive.Garden Pool projects will allow projects to receive market attention by issuing tokens to the big and active Avalanche community.

Projects will also receive an immediate default listing on the Olive.Cash interface, obtaining priority promotion on the exchange (by ranking temporarily first in selecting tokens on the website).

Olive Auto Watering

Implement vaults with auto compound features.

Auto-Compounding Pool is now live!

Today is the “Auto OLIVE” day in Binance Smart Chain and Avalanche chain!

Stop reading and check it https://olive.cash/pools or https://avax.olive.cash/pools.

Auto-compounding means that instead of manually re-staking your OLIVE every so often to get the best APY, it will be done for you!

What’s the difference between the “Manual OLIVE” and the “Auto OLIVE”?

With both pools, you can simply stake your OLIVE tokens to earn more OLIVE tokens.

But there are some differences:

Manual OLIVE

  • You need to harvest or reinvest (compound) your OLIVE by yourself. That requires returning to the website, clicking buttons, and spending a bit of BNB for transaction fees.
  • Interest is displayed as APR, which doesn’t include compounding.
  • You can unstake at any time. No withdrawal fee.

Auto OLIVE

  • Stake your OLIVE and forget about it! The OLIVE you stake in this Electrum Pool will be automatically reinvested (compounded) for you, deducting a small fee.
  • Set and forget. Put your feet up while watching your OLIVE stack grow!
  • The “automatic” compounding function is triggered by other users who get Auto OLIVE Bounty for triggering it.
  • Interest is displayed as APY, which includes compounding.
  • 5% performance fee is subtracted from your earnings each time the pool is automatically compounded.
  • An unstaking fee applies when you unstake within 3 days of manually staking.

Auto OLIVE Bounty

0.25% of all Auto OLIVE pool users’ pending yield. This bounty will be given as a reward for providing a service to other users.

Performance Fee

5% of each yield harvest, which is subtracted automatically from your profit. For example, if the harvest was 1 OLIVE, then 0.05 OLIVE would be subtracted as the performance fee. All fees will be collected on a special Smart Contract and burned 🔥🔥🔥

Unstaking Fee

3% if you unstake (withdraw) within 36 hours. After 36 hours, you can withdraw with no fee. The unstaking fee timer resets back to 36 hours every time you stake more OLIVE.

What happens to the OLIVE collected from the fees?

The OLIVE collected from the unstaking fee and performance fee is burned every week regularly to help reduce inflation.

How is the Auto OLIVE APY calculated?

The initial APY has been set assuming the pool being compounded once per 5 minutes.

The calculation will be adjusted to provide a more accurate rate when there is some real usage data for us to go on.

Improved UI

A series of user interface updates went online along with this update. Now it is much faster and easier to use. For example, Farm list can be represented in a table view https://olive.cash/farms or https://avax.olive.cash/farms

Old v1 site is available https://old-bsc.olive.cash​

Olive Fire Show

Buy back with Auto-burn via smartcontract

Two months ago we launched DEX at Avalanche chain.

And today we happy to announce that we are ready to present the Olive Fire Show feature.

Swap fees.

All the fees collected from any swap at OliveCash are used to buy back Olives token and burn. To show our users the power of Olive Fire Show we launch the firing process.

Here are the full track of the Olive Fire Show:

1) LP transfer and unpacking:

https://cchain.explorer.avax.network/tx/0xeb8aee32c1d0eb1f743bfa8d2d998b80057504d84c9a2a16630565b338bb2613/token-transfers​

2) Swap tokens:

https://cchain.explorer.avax.network/tx/0x6a68391b793eebfe9a85aa4e73bd12647a3de4e86fc04ea2f1a838db78a6efb7/token-transfers

Burner balance before buyback

3) Buyback Olives:

https://cchain.explorer.avax.network/tx/0x6ca33d93fc78ecb3e19f54116a7fad1899c412b030c5fdbbcf1bd22e0d7fac9b/token-transfers

4) Olive tokens burn:

https://cchain.explorer.avax.network/tx/0xfda7a6ea85577b1f4ff45755e4063675dd4a8171dfe61018bbd2ea580178dd3a/token-transfers​

35,393.671 Olives were burned

Olive auto-watering pool fees

Don’t forget about Olive auto-watering pool!

The auto-compound pool was successfully launched a few days ago (Article). That pool collects performance fee (5%) and unstaking fee (3%) to the special smart contract. Today we redirected fees to Olive Fire Show smart contract.

And burn all Olives from old smart contract:

https://cchain.explorer.avax.network/tx/0xba3dd0c424d7ffad9e29c18a88834ff45e41d6afc6abdc98b84dbaf025fb6769/token-transfers

Conclusion

Here you can track a wallet where we collect fees to buyback and burn —  Markr.io Tracker.

Stay tuned to see how Olives are burning!

How and Where to Buy OLIVE token?

OLIVE token is now live on the Binance mainnet. The token address for OLIVE is 0x617724974218A18769020A70162165A539c07E8a. 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 BNB in your wallet to cover the transaction fees.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

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 Pancakeswap 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

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap OLIVE token

Contract: 0x617724974218A18769020A70162165A539c07E8a

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

The top exchange for trading in OLIVE token is currently Pancakeswap and Pancakeswap v2

Find more information OLIVE

WebsiteExplorerSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

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What is Olive Cash (OLIVE) | What is Olive Cash token | What is OLIVE token