Apr 8, 2021
An exciting new chapter begins
Hi everyone, I’m Carlos Grenoir, the founder of Olyseum. I’m writing to you as the CEO to provide an update on some recent developments within our ecosystem, and to officially announce a landmark appointment to our Advisory Board that gives expression to our far-reaching NFT ambitions.
Tokens from pre-sale already issued!
We have now passed an important milestone — issuing all the tokens from the pre-sale!
On March 30th we distributed a significant volume of OLY tokens to pre-sale buyers, a plan that was outlined clearly in our tokenomics, official communications and official Telegram group. This represented a big increase in our circulating supply, but it was a required step to chart an organic growth trajectory for our platform. We also had an obligation to make available all the tokens to pre-sale buyers, as we already did — in accordance with the terms of our agreement with them. It’s important to note that recent market movement has been the result of sales from pre-sale buyers. Olyseum has not sold one token in Uniswap, and has no intention to do so, as we didn’t participate after creating the pool on March 30th to date.
As per CoinMarketCap, at the time of writing, we have a circulating supply of about 1,138,663,113 OLY and a current market cap of $53M.
IEO and key learnings
I’m pleased to report that we have also finalised the ProBit refund this week, following consultation between both Olyseum and ProBit teams.
As the timing of the ProBit IEO ultimately aligned too closely with the scheduled distribution of tokens to pre-sale buyers, we took the decision to cancel the IEO before it concluded. To those members of our community who took part in the IEO, you have now been refunded in full. No tokens or funds had been transferred, so we feel cancelling the IEO before the sales transactions were finalized was the most appropriate and sensible option.
Myself and my team have taken some very important learnings from the past few weeks, not least the importance of community to a project like ours. The Olyseum community is the life blood of our platform, they are the believers, the ones that drive us forward every day. Looking ahead, I am incredibly excited to commence this new chapter with our community at the heart of everything we do!
First CEX listing: 9th of April (and liquidity mining)
Additionally, as of tomorrow, Friday 9th April, OLY will be listed on the ProBit exchange — kicking off a phase of upcoming CEX listings geared towards extending the reach of OLY and broadening our global community!
We want OLY to be accessible across a range of different markets and geographies. With this vision in mind, we aim to start listing OLY in a host of key exchanges around the world.
Alongside this, we are also rolling out our Liquidity Mining Program — stay tuned for additional details on the benefits associated with it, and how to get the most out of your OLY tokens by increasing the liquidity.
Founder of Kenetic Capital joins Olyseum
To open this new chapter, I’m delighted to announce the addition of my mentor — and I’m proud to call him my friend — Jehan Chu, Managing Partner of Kenetic Capital, to Olyseum’s Advisory Board.
Jehan will provide key strategic guidance on global crypto markets, with a particular focus on Olyseum’s NFT initiatives and ongoing Asian market expansion.
As one of the world’s preeminent Blockchain and Crypto investors and thought leaders, Jehan’s unrivalled experience within the industry and strategic acumen will be invaluable as we assertively take a market leading position with regards to the NFT revolution. Jehan firmly believes in our overarching mission and the methodology we are executing as part of our long term roadmap, and represents a signature addition to our Advisory Board.
You can see today’s press release in The Block.
Jehan joins our already star-studded Advisory Board which includes Javier de Rocafort (former Senior Advisor to Rothschild Bank); Gerald Heydenreich (co-founder of BuyVIP, which he sold to Amazon in 2010); Edu Ribó (formerly Yellow); and Albert Castellana (formerly NEM).
Fully focused on next deliverables
The Olyseum team remains fully committed to:
- Accelerating product releases (with a strong focus on NFTs).
- Executing a comprehensive marketing strategy (to be launched soon).
- Continuing our roadmap by announcing more stars and partnerships (we’re constantly working to expand our roster of stars and sign exclusive partnership deals).
- Securing listings on centralized exchanges (currently closing a number of interesting deals).
All of which are now our top priorities. These initiatives, combined with your support, will help build a strong community. We are here to stay, and we are only getting started.
Sincerely,
Carlos Grenoir.
