OLX - the modern form of decentralized digital cash, the main feature of which is the hedging function.
Accomplished Goals and Objectives of the project:
• Creating of the Asset (OLX), resistant to sharp price changes (anti-volatility function).
• The asset cannot drop in the price against the dollar standard. (anti-regressive function).
• The asset must gradually and steadily increase in value against the dollar standard (progressive function)
• The asset must have a certain functioning economic basis in its pricing (non exchange pricing function).
• The pricing function should have an actual dominance over crypto exchange pricing (primary pricing incentive)
• The asset, based on the above, must have an actual/real hedging function - this is the main goal of the OLBITX project
• Evolution of the OLBITX Fund, which has all necessary functions for the pricing (price bolster)
• Expansion of intensive Market Making within crypto exchange by OLBITX Foundation traders
The OLBITX blockchain uses a Proof of Stake (PoS) consensus algorithm, allowing all OLX holders to receive block rewards. The project was created and designed by professional traders in close collaboration with economists, sociologists and lawyers.
Current situation within cryptocurrency exchange market, i.e. extremely volatile price behavior of the vast majority of cryptocurrencies on the one side and cemented price state of stablecoins on the other, compelled our group of traders back in 2019 to think about creating a Blockchain that has the best characteristics of both groups. And, if possible, devoid of their shortcomings to achieve goals that are usually faced by most traders, investors or just users. In our case - ensuring maximum hedging function, or to put it simply, growing Value.
It is worth noting once again that OLX in its functions was designed by a group of traders as part of the OLBITX Foundation. Precisely with the aim of using hedging and staking functions for more successful capital insurance against the practise of basic accumulation.
More information on the project website https://olbitx.network/
Our team is ready to help you to understand the project, answer any questions and expand the world of cryptocurrency together!