Olympus Labs Launches Pre-ICO Bringing A New Financial Ecosystem to the Blockchain World

Olympus Labs Launches Pre-ICO Bringing A New Financial Ecosystem to the Blockchain World
29.11.2017 06:23 am

Olympus Labs Launches Pre-ICO Bringing A New Financial Ecosystem to the Blockchain World

Blockchain , Cryptocurrencies

As blockchain and cryptocurrency companies continue to raise millions of dollars in funding, there's an urgent need in the market for companies and investors to be able to better manage its cryptocurrency assets with hedging products and tools. Olympus Labs believes that by offering financial tools and protocol, crypto- based companies and investors will be able to have more control by protecting their downside risk in an otherwise extremely volatile market.

"Olympus Labs is an integrator of cryptocurrency-based financial products (e.g., indices, ETFs, options, futures, etc.). Olympus, third-party financial product developers, and Fintech applications build the products which include but are not limited to exchanges, market analytics tools, payment services, etc. (e.g., Kyber, Shapeshift, Sentiment)," explains Kai Chen, CEO of Olympus Labs.

On November 27, 2017 due to the high demand from outside investors Olympus Labs opened its doors for its Pre-ICO token sale.

The Olympus product is viable and has huge long-term potential. As for competition, it fills an evidently empty space in the cryptocurrency market, practically guaranteeing that Olympus' offerings will be used-and that this usage will generate profits. Olympus's mission is to "define the protocol for crypto-based derivatives," and it seems clear that these products will help mature the market beyond the current spot market.

The first of Olympus's products will allow one to borrow and lend bitcoin. Cryptocurrency index funds will be the second Olympus product to hit the market. These index funds will allow investors to buy into multiple cryptocurrencies at once, with profits moving with the market as a whole instead of with individual spot cryptocurrencies. Through customizable fintech-focused smart contracts, exchanges will be able to quickly and easily make their own indices which track the overall trend of cryptocurrencies traded on that exchange.

To Participate in the Pre-ICO

The Olympus Labs Token Sale started at 8 pm (GMT+8/UTC 12pm), 27 November 2017, and ends at 8pm (GMT+8/UTC 12 pm), 3 December 2017.Olympus Presale terms: Investors contributing more than 100 ETH, will get 10% bonus (1 ETH = 677 Olympus tokens). This will take place after ICO, and those who passed the KYC process, will be issued MOT, the rest who failed in KYC, will be refunded with ETH. For additional information and terms of the sale please visit the Olympus Labs website.

 

Related News

Louis Dreyfus Company, ING, Societe Generale and ABN Amro complete the first agricultural commodity trade through blockchain

The enhanced Easy Trading Connect (ETC) blockchain prototype reduces time spent on processing documents and data from hours to minutes, and allows for a larger trading... Read more »

Mitek Mobile Verify® Improves Blockchain Payment Pioneer Nocks’ Customer On-Boarding Time By 98%

 Mitek (NASDAQ: MITK), a global leader in mobile capture and identity verification software solutions, today reported... Read more »

How ZED Network Blockchain Payments Platform will Help Smaller Money Transfer Operators

ZipZap founder and CEO Alan Safahi, is set to transform the $600 billion remittance industry with the launch of ZED network, an integrated global payments platform based on the... Read more »

Colored coin functionality will be added to EON testnet during the next update

Testnet is the early version of EON, flexible new generation blockchain created by Exscudo. On January, 25 EON testnet will be updated, and new features will be introduced,... Read more »

SWIFT and CSD Community Advance Blockchain for Post-trade

SWIFT and seven central securities depositories (CSDs) have signed a Memorandum of Understanding (MOU) to work together to demonstrate how distributed ledger technology could... Read more »

Ripple and MoneyGram Partner to Modernize Payments

Ripple, provider of the leading enterprise blockchain solution for payments, has partnered with ... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53, +44 (0) 173 261 71 47 Download Our Mobile App