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!
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.
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.
Access, Hard working, Value Delivery andLong Term Growth are our top priorities.
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.
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).
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!
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:
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.
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 🔥🔥🔥
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.
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
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.
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:
2) Swap tokens:
Burner balance before buyback
3) Buyback Olives:
4) Olive tokens burn:
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:
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!
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)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
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
Transfer $BNB to your new Metamask wallet from your existing wallet
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap OLIVE token
The top exchange for trading in OLIVE token is currently Pancakeswap and Pancakeswap v2
Find more information OLIVE
🔺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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