We are pleased to announce our next AMA on April 23rd, 2022 at 01:00 PM UTC Time: Satoshi Club x OLIVE PROJECT
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join OLIVE PROJECT Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. OLIVE PROJECT Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about OLIVE PROJECT
For more details:
OLIVE PROJECT Website – oliveco.biz
OLIVE PROJECT Telegram – @OLIVE_PROJECT
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Olive Metaverse I understand has as it’s nucleus a “Point Integration System ” developed by OLIVE Corporation that integrated the point within the Metaverse, stores points that occurred by the consuming activities of the clients. What are some of these consuming activities of the clients? How are these consuming activities of clients of any important in the Olive Metaverse? Could you share their use case with us? Could you elaborate more on this “point integration system ” ? Has these points any use case in the Olive Metaverse ecosystem? If yes, could you highlight them for us ?
Hello Olive Metaverse Team – A quick rundown on your summary of Olive’s point operation policy I understand could be categorized into (5) five aspects namely,
(i) Food order,
(ii) Points occurred,
(iii) Occurred points are saved on OLIVE,
(iv) Accumulated points can be used for ordering at other businesses using OLIVE, and,
(v) Accumulated points can be exchanged for OLIVE Token at a certain ratio by the internal operation policy of OLIVE.
Now my question is on workability of each of these component aspects enumerated above, could you share with us on the Food order aspect? How do points occurs in the Metaverse? How are points saved on OLIVE? Lastly, could you share with us the ratio for which accumulated points is exchanged for OLIVE Token ?
Olive Metaverse comprises the Playground that creates an image of an ecosystem with multiple elements: Olive Center, Olive Star, Olive Sounds, Olive Friends, Olives Gallery and finally 3D Avatar. Thus the playground seems to have the elements of social network. Could reveal its main idea anв focus areas. How the elements of Olive Playground can be used by the community. Please also tell usw whether Playground itself and its elements and free for use? Thanks!
Following Olive’s milestones planned for the current year, we see that you are preparing for the official launch of Olive in May. Please share the most recent updates of that subject. Do you expect to launch all the elements of Olive ecosystem at once? Should we expect the launch of OLIVE token at the same time? If yes, how will it pass and what should the community expect in terms of presales or whitelists? Thanks!
Hello Olive team,
While I was reading your whitepaper, I understand that Klaytn network that OLIVE selected is a blockchain platform that GroundX, a subsidiary company of Kakao, developed, and it is a public blockchain platform to provide a user-friendly blockchain experience. Also you said there are a couple of risks attached to the Klaytn protocol like malfunction, breakdown, suspension and disposal. Can you please enlighten us on why you decided to choose the Klaytn protocol? What are the benefits attached to the Klaytn protocol? How can OLIVE platform tackle these risks? Can you please share us your security protocols?
Could you share your roadmap with us in view of the fact that May 2022 is scheduled for “Official Launch of Olive, hence, when exactly in May 2022 should we enthusiasts expect your Launch ? Could you please share with us enthusiasts the various programs you may have lined up for your scheduled official launch for May 2022 ? With regards to security of investment and the project, what is the state of OLIVE Metaverse Aduit contract? And lastly, in view of your Milestone being subject to change in case of market situation as you did said, could you share with us any of such market situation could necessitate or hamper on your Milestone?
Taking into account the fact that Olive team is from South Korea, your Telegram channel is almost 100% in korean language that might be a barrier for potential community members. Do you plan to create and specific language channels to cover the interest of community? What are the other marketing initiatives planned to attract people to Olive and thus guarantee project’s sustainable development? Thanks!
I understand that Olive aims to help consumers convenience and create synergy through complementary development among online delivery food companies by allowing membership points. I would like to know the ways membership points are earned? What are the utilities of the points in Olive? Also you said that we can exchange these membership points with the OLIVE token, what is the exchange ratio of these points and the OLIVE token? Will users be able to buy other products in the Olive platform with their points?
For big international organization, communication and understanding is a very important thing when it comes to the growth of business. I could not help but notice that your telegram group and your website is in one language. Do you have other groups on telegram and other social media in other languages? If yes, can you share the links so we can understand and communicate with the platform better? How do you help investors from different part of the world navigate your website? What other ways do you use in making your project known?
Hi
I learnt that Olive’s flagship F&B (Food and Beverage) chain partner is BBQ Vietnam, a global chicken brand with more than 3,000 stores in 20 countries, and giving the fact that your platform OLIVE is Global, I would like to know about the numerous Franchise and companies that you’ve been able to sign business agreements with, in other to facilitate the Vision behind your Platform can talk more on your Partnerships? I would like to know more about the Partnerships you’ve being able to establish over time, because giving the fact Partnerships as we all know, plays a vital role in Establishing trust for both the average users and investors in a community, so I would like to know about your associatited partners around the world, do you have any available VCs backing your Project? Thanks
My Question is about your Wallets.
Since Olive aims to bring together its potential partners, overseas global franchisees, into a global app that can be used anywhere in the world & Going through your platform, I noticed that Currently, Olive Wallet 1.0 being the initial version and is being upgraded to allow users to exchange gift certificates and tokens with points accumulated after making purchases through the app. Please I would like to know if these Upgrade is Being completed and concluded. I also noticed that you also have the Olive Wallet 2.0, which you you also plan to add Defi service and NFT functions, to it, and also the Olive Wallet 3.0, which you are developing it to be powered by Olive Metaverse, are these Wallet 2.0 & 3.0 currently Available and fully functional yet? If No, when do we expect to Start using them?
Q1 WHAT IS BURN MECHANICS
Q2 HOW DID 0VIX MAKE IT AHEAD OF COMPETITOR’S
Q3 A MAJOR PROBLEM FOR DEFI IS LIQUIDITY. IS THERE A SOLUTION FOR THIS THAT YOU WOULD LIKE TO SHARE?
As i understand by using Olive application, we can get point for Olive token and use them to buy NFT. I am very interested with Olive NFT which are unique because contain of EGG NFT, Chicken NFT, BBQ NFT but can you explain the detail what are the usecase of NFT from Olive project? Do we possible to stake the NFT and how are the system work for staking inside Olive?
Can you explain what will be the ways of Earn inside Olive? In many project over time the user earnings are severely affected. What mechanism have you created to try to stop this tendency? Do you have any solid burning system to control this?
Olive project introduce to user that we can get point by using Olive App and use it to get or buy DeFi service, FnB voucher/gift and NFT but i have a question about how are the way for user to get benefit, if they can’t use Olive app inside their country? For example i live in europe or small country which not support Olive app, can you give a solution about this? And if we buy Olive token, what can we do with the Olive token if our country not support Olive app?
Its take my attention that Olive project have target market to university student, may i know the reason why only target student/college? since FnB service are really big, i mean every human need food in this world and thats mean Olive target market should be bigger. And what are Olive Strategy to grow up the project in the future ?
Within Olive platform Metaverse, users will be able to create a 3D Avatar which serve as a core element of the Metaverse platform. Can you explain the process of 3D Avatar creation and how it is used to meet with friend, play with them, study and perform economics activities? How will a user decorate his 3D-Avatar and what opportunity does a decorated avatar gives more than an undecorated one? How does your 3D-Avatar bridge the world together and real world together? How is it used in the playground to discover and complete hidden quests and what other metaverse game will Avatars be able to compete in?
Olive is developed on Klatyn Network, which is a hybrid network that operate a mixture of centralised and decentralized attributes. Can you explain why you have selected a blockchain that operate both centralised and decentralized features to pilot the activities of your Protocol and the benefit that Klatyn offers you? Also, you said users can tokenise food and other metaverse content as NFTs but I saw that your metaverse uses KIP-17 NFT standards. How does users generate these type of NFT creations and on what platform will they be able to trade and auction NFT virtual asset? How compatible are your NFTs with popular marketplaces and how possible will it be for your services to be accessed on other blockchains apart from Klatyn Network
According to your roadmap, You plan to complete Olive Wallet 2.0 and Olive metaverse 1.0 beta system in Korea by 2022, and your roadmap ends in May 2022, which is just about a month from now. What are the features of this wallet and is it strictly going to support tokens issued on Klatyn Network? Also, your Olive metaverse 1.0 will be released in Korea. Why are you releasing it in Korea first, and which other region are you supporting? And considering the fact that your roadmap plans end in May 2022, how possible is it for you to meet up with this? What other plans will you have for user after May 2022, since your roadmap only has plans that last until this period?
You have a rewarding system that reward all activities within your metaverse using a point based system and these points are exchangeable to your native token. I saw that these points will be given according to grades based on each activities. Can you tell us how the activities that users do in your metaverse are graded and the point range for the various grading? Also, you said users must complete KYC before they will be able to exchange and withdraw their points. Why is this necessary and what are the procedure to follow in order to complete identify verification for point exchange? At what ratio do POINTS exchange for OLIVE and what are the fees that apply?
From what I read,customers can exchange their precious points for Olive token at over 3,000 BBQ stores that operate in 20 countries worldwide which include Korea,the United States and Europe.So is it possible to provide the list of this 20 countries for us users to know which BBQ stores we can exchange our precious points for Olive token?What plans are you also making to make this global?And is it only from BBQ stores users can make this exchanges or will you in the future also include more entities users can make this exchanges?Please tell us more about your partnership with this stores will they receive any reward fees at the end of the day?
I noticed that Olive Corporation have a “META SCHOOL TOWN” in Korea and because you have recognized the fact that Generation MZ holds the future of the metaverse and that many young person are also familiar with Metaverse you shifted your attention in developing a Metaverse that starts with universities.Since you already have Meta School 1-3 in some Korean Universities.So is this meta school meant for only Korean users?What plans to do you develop Meta Schools in the different countries?Are there some basic requirements/information needed to enroll in the school?Please tell us more the Meta School.Thanks
Food, one of the three elements of human life, is the greatest strength of the Olive Project, which can bring the world together faster. If they can find and collaborate with new F&B distribution channel partners, their customers can become Olive users online and offline anywhere in the world. How does Olive work to provide a win-win system where existing Olive users can become new brand customers and partner customers can become new Olive users? Can Olive automatically increase its scalability?
Together with the best partner of the Olive Project, the global brand BBQ, they will create a global integration platform. And to support this, Olive Corporation executives and researchers have recruited the best talent in each field. What is Global BBQ? What is the participation of Global BBQ in the Olive project? What is the strategic benefit of the partnership between Olive Project and Global BBQ? Advantages?
It’s true that many crypto projects have been unsuccessful or have failed, but I think that’s because many of the results were unrealistic. Olive Project, on the other hand, is different from other projects from the start. Its largest investor is Global BBQ, which currently operates more than 3,000 stores in 20 countries. What are the objectives of Olive Project in the short and long term? What results has Olive Project obtained? What are the main differences between Olive Project and other projects?
Olive APP is based on the Metaverse environment from the development stage, making it easy to develop and integrate customer-friendly systems. It has a good environment to respond to rapidly changing markets and customer trends. What is Olive APP? What are the utilities of Olive APP? Characteristic? Advantages and Benefits of Olive APP? How does Olive APP work?
Olive is an integrated platform that helps consumers collect and use coupons or points generated from the purchase of products from different brands of food and beverage companies. With this app, users can easily and conveniently manage points that are often lost due to expiration or lack of knowledge. Can users exchange their points for Olive tokens? and use them to buy F&B gift certificates, defi service or NFT? Requirements to exchange points for Olive tokens? What will be the usefulness of the Olive token?
Olive Metaverse is a virtual space aimed at college students, the core of Generation MZ. When Mark Zuckerberg created Facebook, it initially started out as a social networking service that was only available to Harvard University students. However, Facebook had 100 million members in 4 years, and is now the SNS with the most users worldwide. Does Olive Project estimate to go beyond university spaces? Will Olive Project globalize its platform? What are the strategies developed by Olive Project to Globalize the platform?
About your Wallet,
I learnt that Olive Wallet 1.0 is an initial version and is being upgraded to allow users to exchange gift certificates and tokens with points accumulated after making purchases through the app, and you also have the Olive Wallet 2.0, which you will add Defi service and NFT functions too, and theres also the Olive Wallet 3.0, which is said to be under Development, and that these wallet 3.0 would be powered by Olive Metaverse.
Can you please tell us the significance of these 3 wallets? When are they going to be properly functional? And when should we expect your Metaverse? Thanks
Giving the fact that Olive app is an integrated platform that helps F&B (Food and Beverage) companies to collect and utilise coupons or points generated from purchases of different brand products. Can you please explain to us on how these points is being generated calculated? How do we utilize and manage these points? Is there a place that users can transact these gained points in your platform? Since it was stated that Olive also futures NFTs, can these points be used to purchase NFTs in your Metaverse? Is your metaverse already functional?
Since the Vision behind Olive is the Establishment of an integrated point system for global restaurant companies and establishment of an olive ecosystem where various services can be used. I would like to know if your Services could be also used Offline, since there are some part of the world that isn’t really Fully functional Online, in this case, how do you plan on Making your Services accessible? Do you have any plans of Offline services? If yes, how would it function?
In your road Map. During the second quarter, you said that OLIVE will introduce the kyc authentication method of Olive Token to members. In relation to AML, which you will collaborate with a professional consulting company to ensure that there are no problems in all service areas of Olive. Can you tell us about this KYC process? When would it begin? And what are the necessary requirements? & I believe there are Some similar Platforms already offering the kinds of Services Olive is offering, and most of these Platform often last for a while and end up fading away with time, I would also like to know What have you done to prevent such a scenario from happening to your project?
I will like to know about your Tokenomics Distribution, How many tokens is in Circulation? And on what exchange donwe get your tokens from? Are there any advantages of Holding your tokens? And I saw that some tokens Will be locked by your team, can you tell us the sort of marketing activities you’ve employed in making sure that this project achieves it’s full potential?
Do you have any ongoing Activities that your community can participate in to better learn and understand more about your project?
Can you talk on the “OLIVE PLAYGROUND”.you said it is an area where users can experience various contents in the Metaverse and looking at the various contents listed I saw exciting features like the OLIVE GALLERY, OLIVE STAR, 3D AVATAR, OLIVE FRIEND, OLIVE RECIPE, OLIVE SOUND and OLIVE INFORMATION CENTER. With all contents clearly defined, I will like you to explain clearly on the “OLIVE RECIPE and how it works? Meanwhile, what are the requirements for users to be eligible to enter into the PLAYGROUND and explore these contents? Having enter the playground, will a user also have to pay a fee to participate in each of these contents? Can a user participate in more than one of these contents at a time? Do you plan of adding more contents in the future?
You have introduced the OLIVE token as a means to maintain and sustain the platform ecosystem, allowing the platform to form and maintain a virtous cycle structure. Can you provide more information about the OLIVE TOKEN? give details about the utilities and uses cases of the OLIVE TOKEN within the ecosystem? Will all fees or all protocols be run with the OLIVE Token? How do users join pre-sale for $OLIVE and how will they be able to obtain $OLIVE? What are the advantages/benefits of the OLIVE token for it’s users?
In addition to OLIVE Token, what other means do you have to maintain and sustain the platform ecosystem, what is the key point for the platform to form and maintain a virtuous cycle structure, what motivated you to choose KIP-7 for the issuance of your tokens?
What are your tools to attract, induce and promote interest in brands and platforms and thus revitalize the platform and improve brand image, I read that consumers can save items without paying separately when doing mobile AR missions as if they were playing a game, it can tell us about basket interesting option?
Tell us about the elements that can lead your metaverse to success and influence the culture of crypto investors in terms of the right and appropriate time to hold tokens, what are the benefits obtained through the 3D Avatar and Playground services and comi through them everyone can have diverse experiences?
There exist a lot of good projects with great ideas that never grow due a poor marketing design, so can you explain us what are the strategies to increase your reputation and make your name visible through the market?
✅ At difference of other projects that use BSC or Ethereum to create metaverse, I realized that you use the KLAYTN network, so can you tell us why did you chose use this chain ? Also can you explain us the differences between the KIP-17 and an Typical NFT?
⭕️ Olive use a very unique Chain to deploy it’s ecosystem and token, but I have a concern, where can we buy or sell your token?
Is your token already available for purchase on any exchange? When will the listings be completed? And which wallets are compatible with your token?
Why did you chose the idea of Olive to your name?
In Oliver ecosystem is there possibility for users to create their own accessories in form of NFTs and then progress in their game journey. If yes Once NFT is created, is it possible for owners to sell or rent them through your Marketplace? Are there any conditions to be respected when OLIVE token is launch?Thank you
Olive gallery is a gallery in olive metaverse that creation with the F&B industry can be displayed.Creation displayed in the gallery can be made into KIP -17- based NFT within olive metaverse platform.What are the major differences between the KIP-17,KIP-7 and the OLIVE Token?
Aside the white paper,where can one study more about the olive gallery so as to stay informed and become a user?Is the olive gallery going to be accessible by all? what are the basic criteria?
point’s exchange rate and the ratio of exchanging for OLIVE Tokens are subject to Change by a separate standard of internal operation policy established at OLIVE Corporation and social- economic elements that can affect the exchange rate.kindly give instances of the social-economic elements that could affect the exchange rate.I also studied that points are allocated to users from playing games,regular log in and other stuffs. is there a maximum number of points to acquire?Can the points also be exchanged for the OLIVE Token?
Hello, Olive Project team.
Your project assumes that 3D avatars will need to be used in the metaverse. Please tell us how it will be implemented? Will you create your own avatar-creating system or integrate ready-made market solutions? Will it be possible to use your avatar from other metaverses, or will you have to create its likeness?
Hello, Olive Project team.
Your project is built on a rather rare and interesting blockchain. To be honest, this is the first time I’ve heard of him. Accordingly, the majority of mass users are also unlikely to have heard of it, much less used it. Do you plan to use other blockchains for more massive and interregional implementation? If you are already working on cross-chain solutions, please tell us which chains you plan to implement first?
Hello, Olive Project team.
The tokenomics of your project does not involve the distribution of tokens among early investors. Also, I did not find information about investors on your website. At the expense of what funds is the development carried out? If there is an investment program and bakers, please tell us who they are? What kind of pressure will they be able to exert on the price of the token in the future, or on what terms do they participate in the project?
I learnt that 3D Avatar is the Metaverse platform’s core element that participates in various activities within the metaverse world for the user. What are the activities 3D Avatars engage in within the ecosystem? I noted that the items users can use to decorate 3D avatars or boost their ability can be purchased with OLIVE Token issued by olive or points acquired as rewards, or acquired by completing quests. Can you tell us some examples of the quests users are expected to complete to be able to acquire OLIVE Token? Are there other benefits and incentives for completing quests aside olive token? What are the kinds of items users can purchase for the decoration of avatars?
On Top of your Twitter handle I read a phrase that stated “Everything you Imagine, Metaverse between you and me”. Is this your Moto? Can you breakdown what this phrase means and how it relates to the core values of OLIVE? What do I need to get started on OLIVE? Are there any barriers to regions that can access your services? Tell us about your globalization plans.
You did say that your milestone may vary depending on the market situation, the company’s development progress, and other circumstances. Can you please tell us the market situations that could make your milestone change? How do you manage change in milestones? According to your roadmap, the Official Launch of Olive is supposed to be carried out May, 2022. When exactly are we to expect this launch? What are we to look out for when you launch Olive and what are the activities you plan to carry out during the launch period?
Recently, RbC Office has partnered with OLIVE PROJECT as a early investor. Congratulations for that. Could you elaborate more facts about this strategic partnership with RbC Office platform? Do they Collaborate only as a investing platform or Do they contribute to the OLIVE Metaverse in other ways? However, Can you tell us about other investors of OLIVE Metaverse? And also At the current moment, How much did your investors fund to the OLIVE Metaverse?
You have mentioned that the OLIVE PROJECT is everything which user imagine metaverse between OLIVE project & the user. Could you explain this fact deeply with some examples? In what way will the OLIVE Metaverse be different than other blockchain metaverses? What kind of unique characteristics is your metaverse consisted with, Does it include any kind of social interactions, gamification interfaces etc..? And also How about the importance of OLIVE metaverse for the retail investors like me? In which manner do I increase my investment?
Under the Playground feature, I observed OLIVE STAR. With OLIVE Metaverse; Fan-meeting, autograph events, concerts, previews are held in OLIVE metaverse with celebrities. Please further exoantiate on OLIVE STAR.. How are all these events coordinated? What fees will users be charged to access these events? Do you have partnerships with celebrities to further enhance the overall performance of OLIVE STAR? Will these events be opened only to Koreans or can users from other parts of the world join up?
Hello Olive Team!
The importance of security for every DeFi project cannot be overemphasized as bad actors (Scammers) are always looking out for backdoors in order to exploit a project and it’s users. Can you give us a dive into your platform’s security? What are the security strategies that Olive has in place to make sure that investors’ funds are secured? How about your smart contracts audits, do you have anything in place in that direction?
When we look at today, having partners and large investors gives more confidence to users. Well, can you tell us about Olive’s current partnerships and the achievements and results of the first partnership you established? Who are Olive’s leading partners and investors right now? Can you tell me if the Olive team is considering including more partners?
Please explain us about the Olive Corporation’s Metabus platform and why you built it in your ecosystem. What role does it play in the metaverse? How does it contribute to the ecosystem’s ability to increase user interest in brands and platforms that you promote?
While researching the Olive platform, I noticed that it has created a point integration system that uses a blockchain-based metadata warehouse platform. I did not understand exactly how the “dot integration system” works, can you explain in simple sentences? Can you tell me how can I collect points in Olive and how can I use that point?
Hello Olive Team.
Many projects prefer networks such as ETH, BSC, Avalanche, Solana, on which many projects already exist and are adopted by a large number of users. Also, some see being on the BSC network as the shortest route to Binance Global. However, you chose the Klaynt network for your project. What are the reasons for this, can you explain?
What is the security management structure put in place in this project?
What are the unique features of the project that distinguished it from other projects?
Greetings Olive Project team, My question is: Why did you decide to create your project in RED KLAYTH? by whom is this blockchain developed? it is easy to use.. can you explain why you decided to use the RED KLAYTH and how it will work in the OLIVE PROJECT?