Disclaimer
IMPORTANT: YOU MUST READ THE FOLLOWING DISCLAIMER AND THE SECTION ENTITLED “IMPORTANT INFORMATION” IN FULL BEFORE CONTINUING
The distribution (the “Token Distribution”) of the “Full Send Tokens” or “Full Send” (the “Tokens”), to be used by users (“Users”) on the Binance Smart Chain (“Platform”) and other participants of the Platform to be developed by Full Send Crypto LLC, a company incorporated in the United States and/or its affiliate(s) (collectively, the “Project Group”) as detailed in this whitepaper (“Whitepaper”) is only intended for, made to or directed at, persons who are not Excluded Persons (as defined herein), and may be acted upon only by such persons. Moreover, this Whitepaper is not intended to be and should not be construed to be, a prospectus or offer document of any sort and is not intended to be and should not be construed to constitute an offer of shares or securities of any form, units in a business trust, units in a collective investment scheme or any other form of investment or regulated product, or a solicitation for any form of investment or regulated product in any jurisdiction. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. This Whitepaper has not been registered with any regulatory authority in any jurisdiction.
The focus of this Whitepaper is on the Project (“Olympus”) and the Full Send Token. You may have received, been in possession of or perused this Whitepaper, which contains additional important (related) information about the Full Send Token’s project (or, the “Project”), including the Olympus Application, the Tokens, and their respective functions. This Whitepaper and such other documents as may be published by the Project team in relation to the Project, each as may be amended, modified, or supplemented from time to time (herein after collectively referred to as the “Project Documents”) are intended to be read in conjunction with one another for the purpose of any proposed purchase or use of Tokens. For the avoidance of doubt, all Project Documents are subject to all disclaimers, restrictions, notices, and legal provisions contained in this Whitepaper. By accessing and/or accepting possession of any information in this Whitepaper or such part thereof (as the case may be), you represent and warrant to the token vendor of the Token Distribution (the “Token Vendor”) that:
1. You are not an Excluded Person.
2. You have read the entirety of this Whitepaper and understand the risks entailed in your purchase of Tokens.
3. You agree to be bound by the limitations and restrictions described herein; and you acknowledge that this Whitepaper has been prepared for delivery to you so as to assist you in making a decision as to whether to purchase Tokens.
HISTORY
Satoshi Nakamoto in 2008 created the first decentralized modernized blockchain system with the development of Bitcoin. This radical development is the first case of a digital asset with no tangible asset backing its value. The arguably more important part of the project is to do with its revolutionizing blockchain technology. The new blockchain system made it possible to transfer wealth in an agreed upon node in anonymous algorithm that can keep track of who owns what. Along with this, solving the mechanism for who has influence by allowing free entry via decentralized protocol.
In April of 2019 after the community launch of Binance Chain it decentralized application (“dApp”) demonstrated its ability to exhibit low latency on large capacity trading volume. The high demand for adding smart contracts in conjunction to Binance chain added extendibility to their native DEX blockchain. The creation of the BEP-20 token on Binance Smart Chain is an extension of the Ethereum’s ERC-20. This system created a dual chain architecture with both Binance Chain and Binance Smart Chain going hand in hand. The goal for this project was to provide flexible format for developers to launch a range of their own token while giving decongestion to the original chain. This is where Full Send Token was born.
OVERVIEW
The largest wallet, holding 22%, is the the contract address – acting as a burned wallet. This is inaccessible.
Second largest is the dead address, which holds 11.08%. This is inaccessible.
Third largest is the PancakeSwap liquidity, at 6.5%. This is inaccessible.
Developer wallet holds 2.8%, which is used for;
– Funding exchanges
– Developing utility
– Marketing
– Providing liquidity to exchanges
SMART CONTRACT
The Full Send token is a frictionless yield & deflationary smart contract protocol that works by applying a 10% fee for each transaction and instantly splitting that fee by rewarding holders with 5% and burning 5%.
1) RETURN TO HOLDERS
– 5% of tokens from each transaction are distributed to every wallet that holds Full Send on a percentage basis. Our special tokenomics allows our holders to generate rewards, in Full Send Tokens, just by holding.
2) BURNS
– 5% of tokens from each transaction are burned. With fewer outstanding shares, the ratio of net income to shares becomes higher. This process helps to reinforce the value of those shares that remain in circulation and can also help to improve earnings per share; with fewer outstanding shares, the ratio of net income to shares becomes higher.
ANALYSIS
This analysis of the crypto-space aims to dive into the impact of Cryptocurrency usage around the world based on a variety of demography’s. In the growing $2.3 trillion market, there is still room for new traders – à la – our mission. This analysis breaks down the most attractive demography’s for Olympus.
AGE & WEALTH
The common perception around crypto is that it’s a young person’s market, and our data backs that up.
Buyers in the Gen Z and Millennials buckets make up nearly 94% of all crypto buyers — compared to just 6.14% across all other buyers over the age of 40. Looking a little closer, Gen Z buyers outnumber Gen X buyers by 3.5x and Boomer buyers by 14.3x. Millennial buyers outnumber Gen X buyers by 15.5x and Boomer buyers by 62.9x. So not only is crypto a young buyer’s game — it is by a very wide margin. The data shows that there’s a clear correlation between age and the likelihood to buy cryptocurrency — the older you are, the less likely you are to make a purchase
Now that we established who is buying crypto, we wanted to look at how much crypto buyers in our age buckets were spending.
Excluding the Boomer bucket — which only accounts for 1.2% of all crypto buyers — the data showed that each older age group consistently bought more and more cryptocurrency than those buyers in each previous, younger bucket.
LEGG TIL BILDE ANDREAS
Excluding the Boomer bucket — which only accounts for 1.2% of all crypto buyers — the data showed that each older age group consistently bought more and more cryptocurrency than those buyers in each previous, younger bucket.
Even though Gen X buyers only make up 4.9% of all crypto buyers, they bought an average of $9,611 in cryptocurrency over 12 months, or:
- 1.6x more than Gen Z buyers
- 1.1x more than Millennial buyers
Older people — who’ve had more time to advance in their careers and who have access to large lines of credit — have more spending power and disposable income.
As mentioned above, younger Gen Z and Millenial crypto buyers outnumber older buyers — by ~15x. So, it would be easy to chalk this all up to older investors’ uncertainty about an emerging and potentially volatile market and younger buyer’s willingness to take more risk.
But the data tells a different story.
It clearly shows that, not only are Gen X crypto buyers outspending younger buyers, but also that there’s also a correlation between increasing age and bigger spending on crypto. So, while younger crypto buyers far outnumber the Gen X buyers, Gen X buyers, on average, spending more on cryptocurrency.
GEOGRAPHY
United States has built its power in the crypto space like other spaces and many countries of the world look up to The US for guidance in the virtual currency space. But keep in mind that all transactions with cryptocurrencies will be subject to personal income tax or capital gains tax.
Nigeria is the number two leading country regarding top crypto-users. The high cost of sending money across borders the conventional way has caused many to turn to local cryptocurrency exchanges catering to overseas workers and their families. Nigerians also often use their phones to send money to each other or to pay in shops.
Recently, businesses in the country have been adding crypto plugins to their phone payment options, adding another way in which Nigerians can use cryptocurrency in their everyday lives. The third highest rates of cryptocurrency use in our survey were recorded in Vietnam, respectively. Again, remittance payments play a role in the widespread use of cryptocurrency.
The government itself is already meddling in cryptocurrency by setting up blockchain app bonds.ph with Unionbank to distribute government bonds. Unionbank has also installed a Bitcoin ATM in Makati (Metro Manila), showing how cryptocurrencies are slowly entering the mainstream in the country.
In addition to users in Africa and Southeast Asia, one more world region where many cryptocurrency users are located is Latin America. Peru leads adoption with 16 percent of respondents, while Brazil, Colombia, Argentina, Mexico and Chile all reached double digits. Switzerland was the country with the highest adoption rate in Europe together with Greece (11 percent each). In general, European and Anglo nations had very low levels of adoption.
The solution: Olympus
The primary goal with this application will be to teach new-to-crypto traders about the crypto space. Through the app they will be able to learn about how crypto works and various other things aspects like of a blockchain. Users will also learn fundamentals about what to look after when they are planning on investing or trading a coin / token, and all the different concepts of crypto.
Our mission is to attract potential crypto traders who have not yet traded before and tap into the untapped market of potential traders. Therefore, we will incorporate a educational section while also adding a trading bot system. Users will be able to see what the bots are trading in real-time, see the bots review and hit-rate (day/week/month/year). This allows for the users to find and follow the bots they like and most importantly, copy their trading activity with one simple “click.”
TECHNOLOGY
The stack of our application consists mainly of Javascript which will rely on React-Native as a frontend framework and nodeJs for backend purposes. The infrastructure will be held on AWS. Our current feature will require us to use a database infrastructure such as DynamoDB and serverless technology like Fargate and Lambda.
EDUCATION
Each one of us went to school before. We fully know how the centralized education system works. They put us all on the same level and teach us all the same way, but not all of us learn the same boring way. All of us experienced when we were young what it meant to go to a class, just be bored and not interested – but was it because the course was useless or because they were not teaching us the right way?
This application tries to solve that issue by giving different approaches to users for them to learn new blockchain material. We believe learning through interaction always seem to work better than normal studying and learning while having incentive to learn is a definitive boost to the motivation of the user which brings us to 3 different features we want to implement: Trivia, Board and Quiz. Users will be earning by learning.
TRADING BOTS
Crypto trading bots are programs designed to automate cryptocurrency asset trading on your behalf. In the typical scenario, you (the investor/trader) have to sit in front of the desk and pick which cryptocurrency to buy/sell and at what time. You should always pay attention to market statistics that play a crucial role in practicing trading. Crypto trading bots can easily automate the analysis and interpretation of market statistics. They can gather market data, interpret it, calculate the potential market risk, and execute buying/selling cryptocurrency assets.
This way, crypto trading bots can often save you a lot of time. It’s almost like hiring an expert to do crypto trading for you while you can sit back and watch the profit grow. However, making use of crypto trading bots is more cost-effective than hiring human experts and gurus.
We will provide a collaborative environment for developers, data scientists and cryptocurrency traders to build new tools or share knowledge with Olympus. From classic technical analysis through news trading and machine learning optimization, we’ve got you covered!
CORE CHARACTERISTICS
Efficient
Trading cryptocurrency assets using a bot is always more efficient. You don’t have to worry about delays or human errors. As long as the bot receives the correct data and has suitable algorithms, it can trade assets with a better chance of profit. Also, these bots can work 24/7.
Emotionless
A trading bot takes every single decision based on data. Unlike humans, it doesn’t have the greed of profit or fear of loss. Experienced traders may overpower their emotions and make rational decisions, but that may not always be the case with or beginners. On the other hand, a trading bot always keeps emotion out of the equation.
More Powerful
There is a limit to the amount of data a human trader can process at a time. Even if they process all the data, it is tough to reach insights based on that data. However, trading bots can easily handle bulks of data and come to plausible conclusions.
Crypto trading bots are not perfect when dealing with a highly unpredictable market.
Situations like the ongoing pandemic (Covid) can have an unexpected impact on the market, and you cannot always predict how these Force Majeure events impact the economy. You need a better, psychology-driven strategy to keep racking up the profit. That is one area where you need to trust your instincts since this capability that bots do not possess (as of now).
FOR EVERYONE
Beginners: Browse the marketplace and compare metrics to make an informed decision, then use a bot to do the trading for you.
Data scientist: Teams capable of designing great algorithms for trading, who have little time for mobile development or UX design, can easily monetize their skills through Olympus.
Data providers: Any person or institution with access to large data sets can connect their custom data stream to Olympus marketplace and easily turn it into a source of revenue.
Crypto traders: Traders can access proven strategies or can create their own by combining indicators. Repurpose knowledge from others to create more advanced strategies.
Developers: Code indicators or strategies using Olympus and monetize them in our marketplaces. Support for multiple data streams gives the flexibility to experiment without limits.
Investment funds: Olympus is not just for individuals but also for institutional investors.
SAFETY
Liquidity Locked: A liquidity locker provided by DxSale allowed the developer to store these LP tokens in a smart contract, revoking their permission to move the LP. The wallet 0x6f3c7f1c633e7856b82919c59522ce89c83b3470 is the locked presale liquidity authenticated via DxLock until 11/05/2025.
Locked Tokens: Along with a locked presale liquidity, the 4 major developers of the Full Send Token (Jacob, Joshua, Euan, and Adonis) locked at least 75-97% of their tokens for a period of six to twelve months in DxLock. This was an optional decision made by the team to instill confidence in the community and the long term success of the project. The wallet, contracted by DxSale, 0x2d045410f002a95efcee67759a92518fa3fce677 is locked until 1/11/2021 (Jacob and Adonis) and 18/05/2022 (Joshua and Euan).
Liquidity Burned: The developers implemented Proof of burn as one of the several consensus mechanism algorithm to avoid the possibility of any token double-spending. 22% of the tokens were burned after presale 18/04/2021.
Thank you for reading this, we hope that you take a part in the journey