Dear OLIVE holders on Fantom Opera Chain, today we are super happy to be able to offer a new Olive Garden Pool.
The Olive Garden The X DAO Pool:
Stake OLIVE tokens, to earn HTZ tokens!
Total Tokens: 10,000 HTZ
Distribution duration: 500,000 blocks, approx. 8 days
Start: October 25th ~14:00 UTC
Token rewards per block: 0.002 HTZ
Token address: 0x68f7880f7af43a81bef25e2ae83802eb6c2ddbfd
In order to host the HTZ Olive Garden Pool, we will need to provide a HTZ-FTM farm that will have 0.1x OLIVE rewards for the first two days, then returns to 0.05x OLIVE rewards.
What is The X DAO?
The X DAO Membership token or XDAO token represents your reputation in the X DAO and also serves as your weight when voting. You can earn XDAO during the ITO or in our Agency dapp. By only distributing the X DAO token through these decentralized methods, having the tokens decay over time, having no private sales, and some other token functions we hope to create the most decentralized organization possible. The highest tier members of the X DAO will be the people continuously contributing to it.
Providing XDAO/FTM Liquidity and then Staking your LP token will allow you to gain 10x increased farming rewards compared to an equivalent amount of HTZ Liquidity at the cost of burning your XDAO at a high rate.
31.4159265359% Fee burned on buys and sells. The fee on buys is to discourage purchasing rather than earning your tokens. The fee on sells is to encourage people to use their tokens for governance or as liquidity to farm hertz at an extremely high APR.
1–55% Fee sold to HTZ and added to XDAO lps airdrop rewards depending on how much you are purchasing or selling. This is to punish large buyers/sellers but add large rewards for our dedicated DAO members.
0.69% of XDAO/FTM LP has the XDAO side sold for FTM, then the FTM is used to buy HTZ which is added to XDAO lps airdrop rewards every 12 hours.
13.37420% fee on transfers burned. This is to dissuade transferring of reputation to others temporarily.
0.777% of tokens(not in Cyberswap/Agency dapp) burned each 24 hours from users wallets. This is to make sure people who do not actively participate or provide liquidity cannot just sit on their reputation. This will not be active until the Agency dapp goes live.
0.07% of tokens in the Agency dapp actively being used for voting burned every 12 hours. This is to make sure even our actively voting members still need to complete some tasks to maintain their rank within the DAO after it has been reached.
The X DAO Social Media
How do you stake OLIVE to earn HTZ rewards?
If you own OLIVE tokens, congratulations! You’re the master of Olive Garden. Time to become rich and start with learning how to stake fOLIVE with Olive Garden Pool.
- Visit this webpage: https://fantom.olive.cash/pools
- Click “Approve OLIVE” on the HTZ Olive Garden Pool.
- Click on the stake button.
- Confirm the transaction!