Blogs
Olympus Labs (MOT) – Blockchain Finance
From atop the highest peaks in Greece, the Gods of the ancient world watched over the first achievements of mankind. Having been granted the first useful tools from these benevolent overlords, mankind quickly learned to control his destiny and began building the worldwide complex of connecting infrastructure we enjoy today. From the wheel to the blockchain, mankind has reshaped the world in his image. Olympus Labs and their associated token (MOT) will reshape financial products and services in the alternative currency market.
The decentralized nature of the blockchain has revolutionized the way we make payments. With the associated crypto-currencies offered by a growing array of companies taking advantage of this technological achievement, the way we invest has also been radically altered. The next step in this experiment of financial-sovereignty will require tools to hedge speculative risk, borrow against stores of collateral, and seamlessly track portfolios made from various wallets and exchanges.
The cryptocurrency community is in desperate need of financial products, and as speculation in altcoins becomes more mainstream, the companies offering these products to a growing segment of savvy investors will become the new God’s of tomorrow’s alternative currency market.
Olympus Labs (MOT)
Olympus (available for beta testing) is a groundbreaking financial ecosystem. Olympus defines the protocol for crypto-based financial products. Providing a comprehensive digital marketplace filled with services and applications, Olympus meets a demand that investors on the blockchain have repeatedly expressed. That demand is for decentralized financial control over personal cryptocurrency investments.
Olympus Labs looks to solve a number of current problems they see across the alternative currency market. From general inaccessibility to a broad lack of liquidity, there are many reasons for the blockchain’s lack of products and services more traditional markets have grown accustomed to. Olympus Labs creates the kind of solutions to these problems that consumers of their financial products will find highly beneficial.
With Olympus, investors can utilize the financial tools necessary to make positive returns in all market conditions. And with a comprehensive marketplace, and their Financial Products Protocol (the name for their inter-operable smart contract token standard), the Olympus solution exhibits structural simplicity throughout the financial ecosystem.
Olympus Team
Led by Kai Chen, a Magna Cum Laude graduate of Yale, the Olympus labs team boasts a 16 member list of high profile names in the altcoin space and is backed by an additional group of experienced advisors. Partnerships abound, with the likes of Bitfwd, Coinnest and Cynopsis Solutions adding to a stunning list. A growing media presence also bodes well for the future of Olympus Labs, with recent mentions by Insider Financial, HuffPost and others.
Fundraising and Listing
Olympus Labs had an initial fundraising goal of 65,000 Ethereum (ETH). As the price of ETH has dramatically risen over the past days, Olympus reduced their goal to 45,000. With the incredible success of their private and pre-sale rounds, the team has decided not to hold a public crowdsale.
OKEx, an increasingly popular exchange, listed MOT on January 11th. If you aren’t lucky enough to have an account with this exchange, relax. I expect it won’t be long before the next exchange lists the token.
A Growing Investor Class
In the alternative-currency market, the demand for financial products and services offered on the blockchain will finally be met. Companies that service these demands will dominate tomorrows altcoin market as a new wave of consumers adopt and benefit from the use of speculative investment tools. With Olympus available for beta testing and a solid team behind its development, Olympus Labs (MOT) stands poised to service the needs of a growing investor class.
We will be updating our subscribers as soon as we know more. For the latest on MOT, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Flickr
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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