The average return on staking on the OLBITX Network is 15% per year.
Your wallet with balance must be online in order to actively stake. This not only increases the number of coins in your wallet, but also improves the performance of the entire network.
The OLBITX blockchain was developed by the OLBITX Foundation (traders, economists, investors) based on long-term practice in the economic environment of classical and cryptocurrency markets. OLX Coin is a digital asset of this Blockchain operating on the PoS mining protocol. OLX is a deflationary asset, which in the modern economy is called OverFlatCoin.
OLBITX Foundation is a non-profit organization. Her tasks include the development of the blockchain, its popularization and regular Airdrops. The 3,000,000 OLX premine was made in June 2020. All coins were distributed for free through several Airdrops among the Community. These Airdrops will be held quarterly until 2025.
He was not the first to question the credibility of the issuing policy of the modern banking system.
But he was the first to provide an alternative practical solution. Today we call it the Bitcoin protocol. A protocol...
He was not the first to question the credibility of the issuing policy of the modern banking system.
But he was the first to provide an alternative practical solution. Today we call it the Bitcoin protocol. A protocol in which all willing members of society are involved, decentralized managing both its emission and its price. A protocol that cannot be run by a single individual or a small group, but only by all members of the community. This means that everyone has an equal right both to participate in this project and to disagree with it - you just need to buy Bitcoin or refrain from doing so. It's so simple, quick and laconic.
Everyone who buys Bitcoin casts their vote for the creation of the most progressive, fair and equitable economic system possible. Isn't this what mankind aspired to 100, 200 or 300 years ago? Anyone who does not choose can simply do nothing further. This protocol points to this - if you want to live in a better world, make your own efforts.
The value of the Bitcoin protocol lies precisely in the fact that social equality, achievement and the economy should not descend from above from inaccessible power structures, but should be developed and honed by society itself - especially on the threshold of the global socialization of planetary humanity, the transformation of which we are now witnessing. The idea of public self-government is far from new, but right now all the conditions are ripe for this - the global Internet, satellite communications, social networks and, finally, a decentralized protocol for a registry distributed throughout the globe.
But lately, many have been confused by the economic and environmental side of the Proof of Work protocol that Bitcoin uses. Yes, electricity is consumed really a lot - you either need to drastically reduce the cost of its production, or find another, more economical way to generate blocks in the network. We have no doubt that a more efficient way to generate electricity will be found in the near future, but for now we find the Proof of Stake consensus to be the best solution. Even with the enormous growth of the network and the number of transactions, the processor power and the size of the hard disk will not play any role, which is why we chose Proof of Stake for our blockchain, leaving the main part of the Bitcoin code unchanged.
OLX Coin is a modern form of decentralized digital money and coins based on Blockchain technology. It allows instant transfers to other people, the ability to pay for services or make purchases without any territorial restriction and everywhere. It is reliable, simple and safe.
Blockchain OLBITX used consensus algorithm Proof of Stake (PoS) that allows all owners of OLX to receive a reward per each block, not only ensuring the safety of the OLBTX network but also revolutionizing the ecosystem and the entire community.
The price of OLX is subject to only minor market fluctuations. Its gradual growth is ensured and stabilized by the private Stromberg Fund based on decentralized consensus solutions. The fund was created solely for the purpose of minimizing OLX price fluctuations, which occasionally occur during periods of excessive market volatility. This is achieved by investing in external assets, short-term trading and exchange arbitrage. The fund relies on its own capital and does not require external investments. Being private and independent, the fund nevertheless listens to the advice and recommendations of the OLBITX Foundation, as it serves the general idea of this project - the development of public values, achievements and the economy on a decentralized basis. Only such an approach will be able in the future to take into account the interests of truly everyone and everyone, where the right to vote is granted to everyone equally and where voting takes place in the current moment with specific contributions, and not in endless political debates of an unattainable level. This is the advantage of Blockchain technology and the Proof of Stake consensus in particular.
As a reminder, your desktop or cloud wallet must be online in order to actively stake.
Desktop wallets can be found below in the Download section.
The online wallet is in the final stages of development.
Mobile wallets are under development (iOS, Android).
Many modern Blockchains seek to counter rising inflation in many ways. This is usually achieved by increasing the emission period, which can stretch for decades. We deliberately limited the premine to give everyone the opportunity to participate in...
Many modern Blockchains seek to counter rising inflation in many ways. This is usually achieved by increasing the emission period, which can stretch for decades. We deliberately limited the premine to give everyone the opportunity to participate in this process for a long time. 18 million out of 21 million OLX will be issued in the future by all interested stakers. For users, this approach is also beneficial in that it is not at all necessary to immediately purchase as many coins as you would like - it is enough to buy only some part, the rest will appear as a result of active Staking. It is easy to see that such an economic model is quite attractive, so interest in this investment method will only grow. Over time, this will also affect the price of OLX.
2 million OLX was distributed among the community in several Airdrops. 1 million coins remained in DAO accounts for active staking in order to accumulate coins for all subsequent Airdrops. We are confident that only this approach is the most productive for popularizing our project.
Regular Airdrops will be held quarterly until 2025 (possibly longer). The next distribution is scheduled for May 15 this year. All wallets with a balance of more than 1400 OLX will receive from 40 to 130 coins automatically. In addition, active project participants with a smaller balance will receive 50 coins.
According to its economic configuration, the OLX coin is OverFlatCoin. This term is fairly new and few know its meaning.
In March 2023, analysts at the Coinbase exchange speculated about the need for a FlatCoin, which the exchange may create in the future. The point of FlatCoin is that it should not be pegged to the dollar like stablecoins, but to a voluminous basket of fiat currencies, metals, stocks, staple foods, and more. Then the averaging of all prices is reduced to a certain inflation coefficient - this is what FlatCoin will be tied to. This means FlatCoin will directly reflect the inflation rate.
In 2020, we also thought about this, but decided to go a little further, since simply reflecting the level of inflation is clearly not enough - it needs to be resisted somehow.
In the minimum option, OverFlatCoin should compensate for inflation by the same percentage that manifested itself over a given period of time - the Stromberg stabilizing fund is responsible for this.
At the maximum, during periods of favorable market conditions, OverFlatCoin may further increase in price, thereby reflecting the clear need for this from the Community itself. During periods of economic downturns, the previously increased price will, if possible, be stabilized again by the Stromberg fund, softening or completely preventing price falls. Thus, OverFlatCoin has less resistance when moving up than when moving down.
After lengthy discussions and detailed calculations, the OLBITX Foundation in June 2020 launched the OLBITX blockchain based on the Bitcoin protocol algorithm with Proof of Stake consensus. The coin of this blockchain has the ticker OLX.
Institutional investors occupy a special position in the stock, equity, mortgage and other markets, since it is they who provide all these markets with the necessary capital. Many young and progressive ones have recently discovered the cryptocurrency market as well - this trend began to take shape...
Institutional investors occupy a special position in the stock, equity, mortgage and other markets, since it is they who provide all these markets with the necessary capital. Many young and progressive ones have recently discovered the cryptocurrency market as well - this trend began to take shape back in 2017 and has huge potential.
Still, the development of the Blockchain market is not moving forward as rapidly as we would like, although many large companies are steadily trying to take a confident position in this sector. They believe that the cryptocurrency market has great potential in the near future, as this relatively small segment of the market today will inevitably grow to volumes corresponding to its fundamental globality. And there is no doubt that Blockchain technology is global.
The main feature of institutional investors in terms of accepting new areas is that they shy away from markets where there are no or few other institutional investors. It turns out a kind of vicious circle, which slows down the saturation of the Blockchain market with tangible capital. And yet, the cryptocurrency market has grown over the past 6 years from $25 billion to $1 trillion, that is, 40 times. And that means it will continue to grow.
If you, like us, believe in Blockchain technology, its economic prospects and expansion, then we invite you to take part in our project. It is especially attractive for energy-efficient Staking, which does not require expensive Asic miners, powerful graphics cards and high energy costs. The average return on OLX staking is around 15% per year. The decisive factors are only the number of coins in your wallet and its presence in the network. We will be glad to see you as a part of our community and Blockchain!