On July 16th at 3 PM Singapore time, the OliveX Exchange, a platform for trading ecosystem solutions, officially launched its governance token, OVE. This event allows users to engage in staking mining to gain rewards.
The Innovative Fusion-Ex Trading Model
OliveX’s primary focus lies within the cryptosphere, where it seeks to address users’ trading predicaments. The “Fusion-Ex” trading model provides a solution to the enduring “CEX or DEX” conundrum faced by users when selecting trading products. This inventive model combines the merits of both centralized exchanges (CEX) and decentralized exchanges (DEX), thereby presenting an optimized trading environment.
By fusing the high-speed, easy-to-use nature of CEX with the transparent, secure, and user-asset control of DEX, OliveX achieves a delicate balance. It ensures the high efficiency of centralization and the robust security of decentralization, sparing users the tough choice between the two. OliveX tailors its services to cater to all types of users, from beginners to professional traders.
In particular, OliveX’s innovative solution breaks down entry barriers for Web2 users venturing into the crypto sphere. It simplifies digital asset trading and attracts substantial traditional funds into the crypto market, thereby fostering cryptocurrency mass adoption.
AI-Integrated Trading Experience
OliveX takes a leap into the future with the integration of AI technology. Its embedded AI trading suite offers users a unique trading experience, curating an automated revenue model that enhances trading profits. Furthermore, OliveX’s AI suite synchronizes with DeFi Lego, making it feasible to connect with diverse on-chain applications, thereby extending its services to a larger user base.
The Role of OVE in the OliveX Ecosystem
OVE acts as the cornerstone token for value circulation within the OliveX ecosystem and finds extensive applications throughout. Rights such as proposing and voting on ecosystem modifications, profit dividend receptions, priority whitelist access, and airdrops are among the privileges of OVE token holders.
OVE conducted its Initial Exchange Offering (IEO) on July 6th, consisting of five rounds, each witnessing oversubscriptions. Official figures reveal that the total capital raised during the five rounds surpassed $40 million, with oversubscription rates exceeding 3000%. Moreover, the number of users who took part surpassed 20,000, underscoring the high market recognition and support for the OVE token.
