Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Hello Satoshi Club!\nWe are happy to announce our AMA session with OLIVE PROJECT! Welcome to Satoshi Club<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Today our special guests is @art01088909091<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Welcome to Satoshi Club!<\/p>\n\n\n\n It’s looks like our guest have a technical problem, let’s\nwait a little bit more<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n @cshct1 welcome to Satoshi Club <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Welcome to Satoshi Club @cshct1<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n hello<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Happy to see you here today <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Hello how are you doing ? <\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Hello everyone. How are you today?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n We are very great today, so excited to do AMA with Olive\nProject <\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n And we want to know about your project as much as possible <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Let’s start our AMA <\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Great<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n And we will start it with introduction <\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n We’re very excited too!<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Sunghwan, could you please introduce yourself and tell your\ncrypto story<\/p>\n\n\n\n How did you get into crypto?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Hello, I’m Choi Sung Hwan, CEO of Olive Corporation. I\nworked in the F&B industry for more than 10 years in Korea for companies\nlike Pizza Hut and Starbucks. For your information, “F&B” stands\nfor “food and beverage” and refers to a company, facility, or department\ninvolved in the food and beverage business.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Oh, Starbucks is my weak spot<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n I have been in the F&B industry for more than 10 years\nand got naturally introduced to the\ncrypto industry.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thats really impressive ! That’s a great background and\nexperience,<\/p>\n\n\n\n by the way how is the story behind Olive Project ?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n And can you please introduce to us what is Olive Project\nabout ?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Let me introduce our partner company, BBQ<\/p>\n\n\n\n Olive started with partner BBQ’s 3,000 stores in 20\ncountries, how to take advantage of the customer’s points.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Cool ! I am from Indonesia, already visit Chicken & Beer\n, that’s great restaurant <\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n When OLIVE PROJECT was founded?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Olive Project was started about a year ago.<\/p>\n\n\n\n That’s great to hear!<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n And you achievements are impressive! Great job!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the great introduction Mr Sunghwan Choi<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n thank you very much!!!<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Who help you to develop your project? How big is your team?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n We have 25 members working on the project – 10 in the\ndevelopment team and 15 in the operations team.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Great! Big team! Sire you will reach a lot with them!<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Thank you<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for awesome intro! We choose 6 questions from our\ncommunity for the first part of our AMA! Sunghwan, are you ready for them?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n ok<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Q1 From Telegram User @Cheriemike<\/em><\/p>\n\n\n\n I noticed that Olive Corporation have a \u201cMETA SCHOOL TOWN\u201d 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<\/em><\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Awesome app ! but this is only available for college \/\nuniversity student , right ?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n I think the success of Metaverse depends on securing loyal\nusers. What are the most successful meta verse platforms on Web 2.0 today? They\nare probably the sandbox game Roblox and Naver\u2019s ZEPETO as you think. Most of\ntheir users are in their 10s or early 20s of the generation MZ. Our Olive\nMetaverse starts from schools which are the center of the generation MZ.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Do you have plan to reach other country outside Korea ?<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n You are very far-sighted and choose the right development\nstrategy<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n The first version of Olive Metabus is used only for Korean\nuniversity students.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n How successful is it now? What is your opinion?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n It is designed to be compatible with overseas universities\nin Olive Metabus 2.0.<\/p>\n\n\n\n We plan to expand to countries outside Korea in Olive\nMetaverse 2.0.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Can we know which country will you try to expand this\nprogram ?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Olive Metabus is currently under development.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n or its still a secret ?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Olive Metabus will release a beta version in the fourth\nquarter.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the answer , do you want to add something or\nwe can go to next question?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Olive App is currently available.<\/p>\n\n\n\n We’re planning to expand to countries where there are\nuniversities affiliated with universities in Korea.<\/p>\n\n\n\n Let’s take Korea as an example. The number of university\nenrolments every year is about 500,000. Considering the average school year of\nuniversity students, 2.2 million target customers can be secured at the same.\nAnd the number of related occupations alone is about 100,000, which will be the\nbasis for the future expansion into the service sector.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Nice move!<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n The metaverse, which starts in this school space, can link\ndifferent schools and even link students with schools across the globe. The\nfuture space where these universities can communicate to each other in a\nvirtual space is the beginning of Olive Metaverse.<\/p>\n\n\n\n In Olive Metaverse, schools and students are provided with\nan optimal digital environment ranging from lectures to academic schedules.\nFurthermore, you can make new friends with 3D avatars at Olive Meta School and\ncommunicate with students of your age from all over the world. Olive tokens can\nbe used in all these school activities. Students can use them in a virtual\nspace for financial activities such as making a payment for their tuition or\npurchases at convenient stores.<\/p>\n\n\n\n Olive Metaverse is planned from version 1 to version 3.\nVersion 1 will be designed mainly for universities in Korea. Then in version 2,\nit\u2019ll be linked with overseas universities. Finally in version 3, we plan to\nconnect Olive Metaverse with other social platforms outside universities.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for your answers, Sunghwan! Ready to proceed?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n ok<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Q2 From Telegram User @Chairmanw<\/em><\/p>\n\n\n\n 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?<\/em><\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n The NFT service is available at Chicken Staking, one of the\nOlive Wallet App DeFi services. It is a fun defi service that can only be found\nin Olive.<\/p>\n\n\n\n When you purchase chickens in the Olive Wallet APP, a coupon\nis automatically issued, which contains \u2018eggs\u2019 corresponding to grades of 1-5.\nThis egg has a lottery function which gives you NTF, Olive Tokens, or chicken\ncoupons when you scratch it.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n I love chicken!<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n You can acquire various NFTs and will be given a membership\nprivileges to engage in various on\/offline activities of Olive depending on the\nmembership levels. Also, limited NFT members can join the Olive community and\nengage in various activities. Different membership levels will let you enjoy\nmonthly BBQ chicken gift vouchers and various activities such as a new menu\nlaunch VIP invites.<\/p>\n\n\n\n Olive NTF will be available for purchases through NTF market\nin the Olive app or OPENSEA, or Olive Metaverse. This service will be provided\nOlive Wallet App 2.0 in the fourth quarter of 2022.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n We will wait for the OpenSea <\/p>\n\n\n\n Thank you for your answers! Ready to go to the next question?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n ok<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the detail answer !<\/p>\n\n\n\n Q3 From Telegram User @thisistoyin<\/em><\/p>\n\n\n\n Hi<\/em><\/p>\n\n\n\n I learnt that Olive\u2019s 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\u2019ve 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\u2019ve 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<\/em><\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Sure. Let’s move on.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Some already covered at the beginning, but i believe you\nstill have something to add here <\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Olive\u2019s biggest F&B chain partner is BBQ Vietnam, a\nglobal chicken brand that operates over 3,000 stores in 20 countries. It is an\noverseas branch of BBQ that is engaged in global sales activities. <\/p>\n\n\n\n Other VC partners include AC CAPITAL and 5 overseas VCs.\nWe\u2019re in discussion with about 100 famous F&B franchise companies to sign\nverseiness agreements by this year. Furthermore, we\u2019re also planning to meet\nwith large global hotel companies.<\/p>\n\n\n\n Olive aims to create a global app that can be used anywhere\nin the world by connecting global franchises which are the potential partners\nsuch as F&B, travel, and hotel companies.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n I like Olive Project ambitious goals. <\/p>\n\n\n\n And also a very clear implementation!<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Glad to hear that!<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n How many users do you have now? And which number of users\nwill satisfy you in the nearest future?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Can you please share Roadmap from Olive Project ?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Currently, we have about 50,000 BBQ members in Korea.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for sharing this<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Please refer to the roadmap in the slide below.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Sunghwan, thank you for your answers! Ready for the next\nquestion?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n ok<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Q4 from Telegram User\u00a0\u00a0 @Highpee<\/em><\/p>\n\n\n\n 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?<\/em><\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n In Olive Metaverse, users can show their own image by\nuploading their photos or create new ones. You can also choose a body type and\npersonality. The Olive Metaverse platform will be serviced at universities for\nthe first time, and it will make up the metaverse world based on university\nlife. You can attend lectures and hold club meetings in the metaverse.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Will your Avatars have tattoos, for example?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n You can order food in Metaverse and the order will be\nreflected in the offline store in the real world, so you can go to the store in\nthe real world to eat. These real-world activities are reflected back in the\nmetaverse as my avatar. At this time, if I ate BBQ chicken, my metaverse avatar\nis also eating BBQ, and the BBQ chicken logo is displayed at this time to\nindicate the advertising effect. Economic activities in the real world are also\nimplemented in the metaverse, creating synergy with each other.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Its look so realistic , by the way what is the requirement\nto create avatar? do we need to have Olive Token?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Sorry, tatoos are not yet available. But we’ll certainly\nconsider! <\/p>\n\n\n\n We want to give you more opportunities when decorating your\navatar. Each partner will do a quest based on the partner’s product, and\npurchasing related products in the real world or metaverse will make it easier\nto discover and complete the quest. And we plan to integrate it into other\nmetaverses as Olive Avatar in the future.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n I remember i read article about such Metaverse’s features,\nbut i thought we are still far away from this. I see that i was wrong<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Avatars are available to users by default. Olive Tokens can\nbe used to purchase costumes and accessories.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Your Avatars will belong only persons or enterprises will\nparticipate in this as well?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Metaverse technologies in Korea are very well deveoped.<\/p>\n\n\n\n You can expect many great things in the near future. :<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n That’s great utility ! can you mention other use from Olive\nToken?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n Enterprises will be able to participate in Olive Metaverse\ntoo.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Incredible! Real Metaverse<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n You can use Olive Tokes to pay for tuitions, purchase\nF&B gift vouchers, and buy NFTs in Olive Metaverse.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n That’s great! Thank you for the answer <\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n You’re welcome.<\/p>\n\n\n\n Mary | Satoshi Club<\/strong><\/p>\n\n\n\n Ready for the next question?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Are you ready for the next question ?<\/p>\n\n\n\n Sunghwan (Olive) Choi<\/strong><\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-15-36.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-15-42.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-16-34-1024x723.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-16-37-1024x576.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-17-43.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-17-46.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-18-36.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-19-05.jpg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2022-04-23_21-19-09.jpg\")
<\/figure>\n\n\n\n