{"id":10857,"date":"2021-07-18T13:05:53","date_gmt":"2021-07-18T10:05:53","guid":{"rendered":"https:\/\/esatoshi.club\/?p=10857"},"modified":"2021-07-18T13:06:26","modified_gmt":"2021-07-18T10:06:26","slug":"ama-satoshi-club-x-olympus-july-17th-2","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/07\/18\/ama-satoshi-club-x-olympus-july-17th-2\/","title":{"rendered":"AMA Satoshi Club x Olympus, July 17th"},"content":{"rendered":"\n<p>We were delighted to welcome our guest from Olympus. The AMA took place on July 17th, 2021 and our guests were  @gabefather @pathfinderzips @John_Tools! <\/p>\n\n\n\n<p>The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n<h2><strong>Part 1 \u2014\nintroduction&nbsp;and&nbsp;questions from the\nTelegram&amp;Bitcointalk&nbsp;community<\/strong><\/h2>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Greetings dear Satoshi Clubbers!&#x1f493;<\/p>\n\n\n\n<p>Today our\nguests are from Olympus: @gabefather @pathfinderzips @John_Tools!<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Hey\nguys! Good to be here!<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Welcome here &#x1f600;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Its\nawesome to be here. @John_Tools is actually away this weekend, but me and gabe\nare here and super exicted. You guys do the best AMA\u2019s by far.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club,\nguys! Thanks for joining<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Awesome &#x1f60e;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>We are also very excited about the\nupcoming AMA.&#x1f60d;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Let&#8217;s start!<\/p>\n\n\n\n<p>Introduce\nyourself please. How did you get to be involved in crypto &amp; Olympus?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Tell us please also about your\nposition in Olympus?<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Sure!\nSo I\u2019ve been involved in crypto since college back in 2012. I wish I knew what\nhappened to the bitcoin I held lol. Then again heavily in the 2017 bull run.\nBut when it comes to BSC I got involved back in February. I\u2019ve known and been\nfriendly with JohnTools since BogTools launched. I was a launch buyer. I went\non to help run the animal charity coin Bingus, as it was a community coin but\nneeded someone to manage the charity wallet(which is relaunching with a new\ncontract, very long story). John helped quite a bit there with a few things.<\/p>\n\n\n\n<p>Through\nrunning that I came to meet Gabe through an odd series of events and come to\nrespect him and we saw eye to eye on a number of things. Through talking with\nJohn about some ideas about a new contract for Bingus, we came up with a ton of\nthe ideas for Olympus accidentally. Then I had John and Gabe meet and well&#8230;\nThey got along and they started working together on what would become Olympus.\nThat was about 8 weeks ago now I believe.<\/p>\n\n\n\n<p>&nbsp;I\u2019m basically the community manager at\nOlympus. I\u2019ll be the one you interact with most in the chat, relaying messages\nfrom the team working on things, and sending messages back to the team from the\nchat. You\u2019ll often hear me in the voice chat answering whatever questions I\ncan, or just hanging out with the community.<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Hey, Gabe here, I am the head of\nmarketing for Olympus. I became involved in Olympus after meeting John, and we\ndecided to become the main devs for Olympus. I became involved in crypto mainly\nwhen BSC started to become popular, and after seeing the power that BSC gave to\nsmaller investors I became even more interested in being involved in its\necosystem.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Oh, 2017&#x1f923;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Yup!\nthat was a wild ride hahaha.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Did you thank Olympus gods for your meeting?&#x1f923;<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Yes, but actually 20-21 also were wild till now&#x1f923;<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Haha absolutely<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>What is the essence of Olympus?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Main idea&#x1f60a;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Sure!\nIll snag this one Gabe.<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>In\nshort, the too long didn\u2019t read, Olympus set out to innovate on all the best\ntokenomics that BSC has to offer, take them all a bit further and be a utility\ncoin for coin teams as well.<\/p>\n\n\n\n<p>Olympus is\nfirst a BUSD reflect coin, it was the first of its kind actually. It reward\nholders in BUSD(4% tax) right to their wallet, just for holding. <\/p>\n\n\n\n<p>It is also\na whale buyback coin, as there is about 700 BNB our whale, who we like to call\nZeus(4% tax). The whale buyback can be triggered both manually or through some\nclever programming by JohnTools, as it is using BogTools tech to do it\u2019s\nautomation. <\/p>\n\n\n\n<p>Another\nthing that makes our from scratch written contract unique is the Dynamic Auto\nLiquidity(4% tax). When liquidity is above 25% of the market cap the liquidity\ntax flows instead to the whale, rather than liquidity. So right now Zeus is\ngetting 8%, rather than 4% which is fantastic. <\/p>\n\n\n\n<p>Finally,\nthe last thing is our Hades Tax, after Zeus makes a buy the taxes are doubled\nfor sellers for 30 minutes. This is to stop bots (and others) from simply using\nZeus buys as sell events, which could quickly drain the whale. So when a large\nholder trys to dump during a Zeus buy\u2026 well Zeus gets 16% and all holders are\nrewarded with 8% BUSD reflect instead of just 4%.<\/p>\n\n\n\n<p>On top of\nall that we have utilities for coin teams coming, a clever liquidity locker, a\nvesting tool and also some beautiful greek god NFTs which will allow for\ngamification of tokenomics for holders, like controlling the Zeus buyback!<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>So many gods features &#x1f44f;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Thanks for the great introduction,\nwe will have a question selected for the Part 1. Ready to start?<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Yep \ud83d\ude42<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Ya\nsome really fun and cool stuff coming. For sure bring on questions! &#x1f642;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>just introduce us to these features\nin more detail &#x1f609;<\/p>\n\n\n\n<p><strong><em>Q1\nfrom Telegram User @NataliyaKil<\/em><\/strong><\/p>\n\n\n\n<p><em>According\nto the roadmap, you plan to launch three Pillars in the coming months:<\/em><\/p>\n\n\n\n<p><em>1st\nPillar: Locker of Ananke,<\/em><\/p>\n\n\n\n<p><em>2nd\nPillar: Wheel of Kronos,<\/em><\/p>\n\n\n\n<p><em>3rd\nPillar: Shield of Athena,<\/em><\/p>\n\n\n\n<p><em>4th\nPillar: Lightning of Zeus.<\/em><\/p>\n\n\n\n<p><em>What are\nPillars in the Olympus ecosystem, what features and implications do they have\nfor the project, team and different categories of Olympus users? How many\nPillars are planned and what does their number depend on?<\/em><\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Sure!\nWould love to.<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>1st\nPillar: The locker of Anake will allow teams to lock the liquidity raised from\ntheir IDO in an innovative, safe, and transparent way. Instead of simply\nlocking the liquidity through a classic smart contract, the Locker of Anake\nwill store and lock the liquidity within an ERC721 token (NFT), allowing his\nowner to move it from a wallet to another and always keeping the unlock\nschedule.<\/p>\n\n\n\n<p>It will\nalso allow projects to split the locked liquidity into multiple NFTs held by\ndifferent team members. That feature is not only convenient for teams so they\ncan share the liquidity&#8217;s responsibility in case of a wallet loss\/hack but also\nvery convenient for investors who always fear the moment the liquidity unlocks.\nIndeed, having the liquidity split assures investors that one single person\ncannot rugpull an entire project.<\/p>\n\n\n\n<p>Moreover,\nif the project is transferred to a new team, the previous liquidity owner(s)\ncan sell the liquidity to the new team. <\/p>\n\n\n\n<p>Believe me,\nas someone who has locked liquidity before on DXsale, as I\u2019m sure Gabe has felt\nas well, this methodology will be wildly more effective. It\u2019s one of those\nthings we as people who have worked on coins have seen time and time again that\nwe needed.<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>2nd\nPillar: The wheel of Kronos allows a project to vest tokens for teams,\ninfluencers, or anyone of their choosing to have them automatically locked and\ndoled out based upon a pre-defined time frame.<\/p>\n\n\n\n<p>Same as the\nLocker of Anaka, the Wheel of Kronos will store and vest the specific tokens\nwithin an ERC721 token (NFT). That way, team members\/influencers can transfer\ntheir vested tokens from a wallet to another and or even split them into\nmultiple wallets. <\/p>\n\n\n\n<p>I believe\nthis is going to be a groundbreaking tool. One of the largest issues in crypto\nright now is influencer marketing. This tool will be available to let teams pay\ninfluencers in a transparent way over time, and allow holders to track the\nfunds. For example the SaveTheKids disaster could have been avoided if there\nwas an expectation for teams to pay their influencers using the Wheel of Kronos\nso that holders could feels safe that the influencers actually were interested\nin the coin, not just dumping on their fans.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Really useful feature! Do you already have\nthose who want to lock liquidity using it?&#x1f600;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Well\nactually\u2026 yup. A few people I\u2019ve talked to would like to use it. Including the\ndev behind the new version of Bingus. &#x1f642;<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>We love Bingus&#x1f929;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Utility\nis truly the way forward to survive a future market that may not be purely\ndriven by hype.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>By the way, they were at our AMA.\nGood guys &#x1f601;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Aw\nthank you.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Cool idea&#x1f44f;&#x1f44f;&#x1f44f;<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>I like this, sure it will be using often&#x1f44d;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>3rd Pillar?&#x1f609;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Finally\nthe last two that we have announced are more fun for holders, gamifcation of\nour tokenomics.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Wow&#x1f389;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>3rd\nPillar: Acquiring the Shield of Athena NFT will protect you from the taxes for\none single purchase. <\/p>\n\n\n\n<p>Make the\nright call and get the shield of Athena to turn a 14% purchase fee into a\ntax-free buy. &#x1f609;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>4th\nPillar : The Lightning of Zeus NFT will grant you a unique chance of\ncontrolling Zeus&#8217; power. You will be able to trigger one whale buy with this.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>How it will look in practice? Can you give us\nan example?&#x1f600;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Sure!\nSo the plan as of now is that not ALL of the NFT\u2019s sold will have these\nabilities unlocked. We don\u2019t want sell the NFT\u2019s only to the very wealthy, we\nwant to give everyone a shot. So some will randomly, and very rarely have these\nabilities enabled. So they will be sold for BNB, which will flow into Zeus,\nwhich will be used to buy back and burn the coin. <\/p>\n\n\n\n<p>Having the\nshield in your wallet for example, that has the ability enabled, will allow\nthat wallet for one buy with no or extremely reduced taxes.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Gotcha, really cool&#x1f525;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>The\nZeus NFT triggering the whale buy will likely need a little more of finessing,\nuser expereince\/ interface-wise. Which it will deserve, as that might be the\ncoolest thing ever as a holder, triggering a whale buy.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Guys, you have well thought and hot Pillars!<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Thank you for your clear and detailed answers!\nReady to proceed?&#x1f680;<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>yes!<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>For\nsure! Ill let @gabefather handle the next few &#x1f642;<\/p>\n\n\n\n<p><strong><em>Q2\nfrom Telegram User @DK177<\/em><\/strong><\/p>\n\n\n\n<p><em>According\nto your roadmap, you have planned to reach 10,000 holders mark within this\nmonth. How many users have currently joined with you? Your goal is to make\n50,000 holders by August and 100,000 holders by September. Even if you reach\n10,000 mark in this month, you have to make it 10x within two months to achieve\nthis goal. Do you think this is an achievable target? What steps have to\nalready taken to attract the holders? What makes us to hold your token over\nother tokens? Have you introduced any special rewards for holding $Olympus?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Currently in our telegram we have\nabout 16,000 membhers \ud83d\ude42<\/p>\n\n\n\n<p>Yes we\ndefinitely think it&#8217;s achievable, with most of our developments being released\nin the near future and many other exciting announcements taking place we hope\nthat it will really benefit us. In general, our tokenomics, NFT development,\ncontract developments, marketing, as well as partnerships have really been\nreleased fast, and we believe this has attracted the most amount of people so\nfar. Olympus is a token that has been designed to be a long term hold, with\nlarge tax fees, BUSD reflections, and the Zeus buyback to store BNB that will\nlater reward long term holders. The most special reward that we currently have\nimplemented into Olympus is the BUSD reflection, and with the release of new\ndevelopments we can expect larger volume, meaning larger reflections.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>But if cryptowinter will come? Usually in such\nperiods activity is low&#x1f600; do you have plans for cold times?<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Haha yes for sure. Our constant\ndevelopments will be the key here. NFTs that boost volume, exclusive events,\nand prestigious centralized exchange listings&nbsp;\nas well as a dedicated team!<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>You will shake this times&#x1f525; i got&#x1f923;<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Thank you for your answers! Ready to jump to\nthe next question?<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>If\nthere is indeed a cryptowinter (good term), I believe people will still want to\nlaunch new coins, maybe less, and less pure hype coins, but with our utilities\nI can see the coin being able to survive such a colder time in crypto.<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>For\nsure! &#x1f60a;<\/p>\n\n\n\n<p><strong><em>Q3\nfrom Telegram User @andrey_seleznov<\/em><\/strong><\/p>\n\n\n\n<p><em>I\u2019m\nIntrigued by the phrase you dropped on the website \u201ca Pantheon of NFTs are on\ntheir way down from Elysium.\u201d Please share with us some detail about your\nexcinting plans involving NFTs! With Zeus and Poseidon depicted can we expect\nmost or all of the NFTs be based on the Greek mythology? Are you planning to\ndevelop your own NFt marketplace and will the NFTs have functionality and real\nuse cases like boosting reflection and pool yields and such? Thank you!<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>A marketplace not so much. Rather\nthe gamification of NFTs built to interact with our contract. Each of the NFTs\nreleased will have a specific and special functionality that interacts with the\ncontract in a unique way. Everything from boosting reflection, reducing fees,\ninfluencing Zeus, and possible combos that all can be achieved through owning\nthe NFTs. It is really a cool feature that will make Olympus stand out from\nother tokens in the near future.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Can you show us your NFTs?&#x1f600;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL NOT DM YOU FIRST: <\/strong>^ Exactly. And as such heres a little sneak peak at the Lighting of Zeus NFT that can trigger a whale buy. Its still a work in progress but for your community we can show it off a little early.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"690\" height=\"388\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/03.gif\" alt=\"\" class=\"wp-image-10859\" \/><\/figure>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>It looks so powerful &#x1f60d;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>I love this one<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Will they be burned after they triggered?<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>As\nfar as the plan goes now, the abilities, indeed, most are planned to be single\nuse. However the art will still be your NFT to keep.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Awesome!&#x1f680;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Thanks for your great answers &#x1f603;<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Thank you for your answers! Ready to go to the\nnext question?&#x1f973;<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>ready here<\/p>\n\n\n\n<p><strong><em>Q4\nfrom Telegram User @lgy0813<\/em><\/strong><\/p>\n\n\n\n<p><em>the busd\nof the dividend pool is drawn from the pool. If the giant whale enters the\ngame, will he suck all the busd of the dividend pool?Only with constant\ntransactions can the project\u2019s mechanism be more attractive. Entering the Giant\nWhale will increase the value of the coin, but the dividends may be reduced for\nthose who hold the average share. If the project cannot enter people , How does\nthe project carry out the project value promotion? Will the project party\nparticipate in the promotion?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Definitely not. In fact with time\nyour percentage becomes more impactful due to our high burn rate funny enough.\nThe more that is burned, the more your percentage becomes valuable, and thus\nthe more you earn in BUSD. Whales help increase volume, and thus burn rate, and\nwill never be able to buy enough to impact your percentage that much. There\nwill always be supply and demand, as well as redistribution\/accumulation of\ntokens in general, so through the natural market sentiment, as well as the\nrelease of our developments, this is how we plan to sustain new buyers, as well\nas volume in general.<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>We\u2019ve\nactually already burned more than 20% of the supply though Zeus buyback and\nburns. Which has increased everyone\u2019s overall share quite a bit.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>What is your token ticker?)<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>OLYMPUS<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>We\nwent for the full word &#x1f60a;<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Where we can get it now?&#x1f603;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>By the way, share your tokenomics.<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Pancakeswap, Bogswap, and\nPoocoinswap!<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Currently\nits on Pancakeswap, but in the near future we should be listed on a CEX.<\/p>\n\n\n\n<p>The easiest\nway to buy or sell though is though our website. Olympustoken.io as it has\nbogswap embedded in it.<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>as well as 1Inch DeFi aggregator \ud83d\ude42<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>sounds good&#x1f44d;<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Ohhh, perfect!<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Sure!\n<\/p>\n\n\n\n<p>4% tax for\nBUSD reflect (Plutus)<\/p>\n\n\n\n<p>4% tax for\nWhale Buyback (Zeus)<\/p>\n\n\n\n<p>4% tax for\nDynamic auto liquidity which flows to Zeus when not needed (Posiden)<\/p>\n\n\n\n<p>2% for\nmarketing and dev fund<\/p>\n\n\n\n<p>All of\nthese are doubled after a Zeus Buy Back (Hades Tax) for 30 minutes which is to\ndiscourage people from simply selling the whale buys. And if they do, well\nholders just made 2x BUSD for 30 minutes &#x1f609;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Great! thanks for sharing &#x1f609;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>Ready for the next question?<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>yep!<\/p>\n\n\n\n<p><strong><em>Q5\nfrom Telegram User @NSZR1<\/em><\/strong><\/p>\n\n\n\n<p><em>On the\nGodnomics of your project a 4% of each transaction will be used by The God of\nWealth, Plutus to reward the worshipers of Olympus, rewarding their fate with\n4% of each transaction wich will be converted to BUSD and sent automatically to\nthe wallets of the followers of Zeus. I would like to know how this system of\nmercy of the gods will work, these rewards given to the followers of Olympus\nwill be granted immediately, daily, weekly or monthly? I would also like to\nknow why the gods decided not to give these rewards in the form of $ OLYMPUS?<\/em><\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Sure!\nThese rewards are triggered automatically to a holders wallet once they hit 1$\nin BUSD. So it could be hourly, daily, weekly, or monthly depending on how much\nyou hold and the volume. The reason the contract waits until 1 BUSD to send is\nthat it needs to be worth the gas fees to send. <\/p>\n\n\n\n<p>We have a\ndashboard coming VERY soon which will allow you to see your rewards and trigger\nthem yourself if you wish. It will also allow you to see the current Hades tax,\nhow much BNB Zeus has stored, and the ability to re-invest your BUSD\nreflections to compound them. <\/p>\n\n\n\n<p>Finally,\nthe reason we chose BUSD is that most of the time, reflections of the coin\nyou\u2019re holding is just a psychological trick to get you to hold. The coins\nyou\u2019re getting are just a way to trigger some dopamine in your brain so you\ndon\u2019t sell. And to get any real value from the reflections you have to sell\nthem. We figured, let\u2019s cut out the manipulation, and give holders real value\nin the form of something never done before. BUSD reflections<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club: <\/strong>this is very smart&#x1f601;<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>As i understand you already started this 4%\ndistribution, right?<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Yup!\nSince launch I think we have had about 900,000 in BUSD reflections.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Wow, nice number!<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>And what is usual time of distribution now?\nWeekly?<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>If\nyou have a small amount, it may be weekly, larger it could be hourly.<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>Depends\non when you breech the 1 full BUSD in rewards.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Gotcha! Thank you for your answers! Ready for\nthe 6th and last question from this part?&#x1f603;<\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL\nNOT DM YOU FIRST: <\/strong>For\nsure! Lets do it &#x1f642;<\/p>\n\n\n\n<p><strong><em>Q6\nfrom Telegram User @MCBTrade<\/em><\/strong><\/p>\n\n\n\n<p><em>While\nexamining the OLYMPUS project, I saw that you have completed many stages in\nless than a month and have a very fast development process. DappRadar You have\nalready reached several milestones, including a CoinMarketCap listing, a\npre-listing on CoinGecko, and a set of 6,000 token holders, and it\u2019s a great\nstart to have many events back-to-back such as Banner ad, Meme Contest,\nInfluencer Support, Social Media campaign. To what do you owe such rapid progress?\nWhat is the share of factors such as the experience of your team and the\ndynamism of your community in this acceleration of progress? What are the\ndifferences between you and projects that cannot do in a year what you do in a\nmonth?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Our team is built of a lot of\nexperienced individuals to say the least. Our combined knowledge and\nconnections are the biggest contributing factor to having these speedy results.\nI guess our main difference is that we strive to do projects that will last in\nthe future, and we do our best to maintain our reputation within the community\nby creating ecosystems where everyone has a fair chance of being a part of our\nprojects.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>Do you have some partnerships now?&#x1f603;<\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Mainly we have been branching out\nwith influencers as well as other platforms, and are still working on details\nwith a few of them, but shortly put we are open minded and are always striving\nto have more partnerships.<\/p>\n\n\n\n<p><strong>Mary Satoshi Club: <\/strong>We will wait for exciting news from you&#x1f44d;<\/p>\n\n\n\n<h2>Part 2 \u2014 live questions from\nthe Telegram community <strong><\/strong><\/h2>\n\n\n\n<p><strong><em>Q1 from Telegram User @surendra040<\/em><\/strong><\/p>\n\n\n\n<p><em>Many projects are being abandoned once they start with good impression and some of the projects couldn&#8217;t long last run.Does your team have an experienced team background and how big is your team?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Yes, we all have been part of projects that we still are working on. We know what it takes to be in the hard times of a project and just keep on working. And by all means we will be working on Olympus till as long as it takes \ud83d\ude42<\/p>\n\n\n\n<p><strong><em>Q<\/em><\/strong><strong><em>2<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@Munu2015<\/em><\/strong><\/p>\n\n\n\n<p><em>How much is the pre-sale liquidity #Locking period?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Locked for 1 year!<\/p>\n\n\n\n<p><strong><em>Q<\/em><\/strong><strong><em>3<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@Chinthaka93<\/em><\/strong><\/p>\n\n\n\n<p><em>You have mentioned that \u201cCurrently its listed on Pancakeswap\u201d When are you plenaing to list on a major cex? Because it is not enough to list on pancakeswap to attract more investors.<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>We have plans to be listed on a CEX really soon, and a really prestigious one at that!<\/p>\n\n\n\n<p><strong><em>Q<\/em><\/strong><strong><em>4<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@Ratash97<\/em><\/strong><\/p>\n\n\n\n<p><em>What are you intending to do to achieve the 10k holders goal you set up for july ?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Release our dashboard, NFTs, CEX, as well as partnerships and influencers \ud83d\ude42<\/p>\n\n\n\n<p><strong><em>Q<\/em><\/strong><strong><em>5<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@cryptoamee<\/em><\/strong><\/p>\n\n\n\n<p><em>You have mentioned that \u201cHold Olympus, Earn BUSD\u201d. Could you please explain about this? How can I join this? In which wallet should I hold OLYMPUS to eligible for this?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Yep, so basically after buying Olympus you will passively farm BUSD collected from every transaction. You don&#8217;t need any special wallet, it will will accumulate within the wallet that you bought Olympus with!<\/p>\n\n\n\n<p><strong><em>Q<\/em><\/strong><strong><em>6<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@doithay1617<\/em><\/strong><\/p>\n\n\n\n<p><em>Olympus is a BSC token with dual BUSD Reflect &amp; Buyback system designed to incentivize long-term holders with hourly rewards. So will the holders receive the BUSD automatically or do they need to claim it?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>BUSD is rewarded automatically, but it can also be manually triggered by any transaction, no matter how small it is!<\/p>\n\n\n\n<p><strong><em>Q<\/em><\/strong><strong><em>7<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@Cuthbert283<\/em><\/strong><\/p>\n\n\n\n<p><em>Too many projects promise magic but never release any working product or prove any revenue, Within a short\/long time of release. Is it like this? If not can u tell us, What makes it different from other projects?<\/em><\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL NOT DM YOU FIRST: <\/strong>I think beyond the stellar tokenomics and roadmap\u2026 the fact that we have a team that has been involved with other projects and the experiece that brings should give people confidence. <\/p>\n\n\n\n<p>And on the utility side having someone like JohnTools from BogTools working on the project long term, I think is really really special.<\/p>\n\n\n\n<p><strong><em>Q<\/em><\/strong><strong><em>8<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@Asela1112<\/em><\/strong><\/p>\n\n\n\n<p><em>How will we get these NFTs, should we have $OLYMPUS or $BNB to buy NFTs?<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>The price and way of purchasing is still being decided, but most likely it will be olympus, or a combination with BNB<\/p>\n\n\n\n<p><strong><em>Q<\/em><\/strong><strong><em>9<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@Mirabellls<\/em><\/strong><em><\/em><\/p>\n\n\n\n<p><em>Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?<\/em><\/p>\n\n\n\n<p><strong>Mike &#8211; Bingus &#8211; Olympus (formerly MJ) I WILL NOT DM YOU FIRST: <\/strong>Sure! we have already been audited by both the full TechRate audit, and DessertSwap. We will be doing further audits in the future as the contract evolves with our utiltiies and NFT\u2019s.<\/p>\n\n\n\n<p><strong><em>Q1<\/em><\/strong><strong><em>0<\/em><\/strong><strong><em> from Telegram User <\/em><\/strong><strong><em>@Ishan1_7<\/em><\/strong><\/p>\n\n\n\n<p><em>I learned about your project,and I&#8217;m very interested. But, before I invest, I&#8217;d like to know if you&#8217;ve conducted any security audits.<\/em><\/p>\n\n\n\n<p><strong>TheGabeFather (WILL NOT DM FIRST): <\/strong>Yes, we have an audit with Dessert Finance which can be checked out on our website \ud83d\ude42<\/p>\n\n\n\n<h2><strong>Part&nbsp;3&nbsp;\u2013 Quiz\nResults<\/strong><\/h2>\n\n\n\n<p>In the final part we tested your knowledge in terms of Olympus. They\u2019ve prepared 4 questions for this part. The total reward pool for quiz was 300$.<\/p>\n\n\n\n<p><strong>For more information and\nfuture AMAs, join our Social Media channels:<\/strong><br>\nEnglish Telegram group:&nbsp;<a href=\"https:\/\/t.me\/Satoshi_club\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/Satoshi_club<\/a><br>\nRussian Telegram group:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_ru\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n<p>Spanish Telegram group:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_spanish\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/satoshi_club_spanish<\/a><br>\nTelegram Channel:&nbsp;<a href=\"https:\/\/t.me\/satoshi_club_channel\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/t.me\/satoshi_club_channel<\/a><br>\nTwitter:&nbsp;<a href=\"https:\/\/twitter.com\/realsatoshiclub\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/twitter.com\/realsatoshiclub<\/a><br>\nWebsite:&nbsp;<a href=\"https:\/\/esatoshi.club\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our partners:<\/strong><\/p>\n\n\n\n<p>Olympus Website \u2013\u00a0<a href=\"https:\/\/olympustoken.io\/\">olympustoken.io<\/a><br>Olympus Telegram \u2013\u00a0<a href=\"https:\/\/t.me\/OlympusOfficial\">@OlympusOfficial<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>We were delighted to welcome our guest from Olympus. The AMA took place on July 17th, 2021 and our guests were @gabefather @pathfinderzips @John_Tools! The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you. Part 1 [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":10858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/10857"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=10857"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/10857\/revisions"}],"predecessor-version":[{"id":10861,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/10857\/revisions\/10861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/10858"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=10857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=10857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=10857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}