YOUR CRYPTO ON PEAK
POS/MASTERNODE BASED CRYPTOCURRENCY
The idea of Olympic coin was born on the aim of bringing cryptocurrency awareness and experience to athletes. Athletes from different countries, diverse cultures, various languages and talents will have a coin dedicated to them. Olympic coin is a gateway of payment system in sports industry.
Olympic coin is created by a perfectionist team, who are highly interested in minimizing of disappointing user experience of OLMP community members. Olympic coin can be identified, purchased or sold on exchanges under currency symbol OLMP.
Olympic coin is a blockchain based decentralized cryptocurrency that rewards network participation via static proof of stake (POS). Olympic coin shareholders have the option of running a masternode and staking their coins in a stake able wallet. This provides dual benefits of securing the blockchain network as well as creating an opportunity for users to get incentives or dividends on their holdings.
Masternode system plays a very important role and is, indeed, a backbone of the network, blockchain protocol and the primary method of creating scarcity within the market, by offering active income to shareholders.
Until now, masternode systems only had one level, so coin shareholders would need to set up multiple cloud hosting accounts in case of choosing to have more than one masternode. We have reduced those expenses by creating a tiered masternode system. While standard cryptocurrencies are using fixed collateral for setting up masternodes, OLMP offers 8 different collaterals, granting 8 different staking rewards!
We have an audacious mission that requires taking bold risks. When we hear an out-of-the-box idea, we don’t say no; we ask ourselves how we can make it work.
Olympic coin (OLMP) is a digital peer-to-peer medium of exchange with no central authority or a bank managing its transactions, unlike fiat money that derives its value from government regulation or law, Olympic coin is powered by its users. The idea of Olympic coin was born on the aim of bringing cryptocurrency awareness and experience to athletes. Athletes from different countries, diverse cultures, various languages and talents will have a coin dedicated to them. Olympic coin is the Athletes’ coin. Our main goal is to use OLMP to buy sportswear and sport accessories. OLMP coin will become a payment method for athletes and for all crypto enthusiasts.
Olympic coin is one of the first coins that offer the innovative masternode tier system. Tier masternodes are level based. OLMP presents 4 levels. Each level requires different collaterals, granting 5 different staking rewards.
Yes, you will receive stake income if your wallet is online and unlocked for staking 24/7. In the wallet there should be any amount of coins above the masternode collateral. You can start staking with as little as 0.01 coin, but the more coins you have the more staking rewards you will earn. Mature time 24 hours.
5500 / 12000 / 30000 / 70000 OLMP coins. A vps or a server to host the wallets 24 hours, a dedicated IP, and a storage space to keep a copy of the blockchain.
Here is a detailed guide how to set up your masternode. https://www.youtube.com/watch?v=gWheSz8RMoA
If you have set up your masternode correctly, and it has status 1 or 9, just have patience and wait. Usually you will receive rewards within first 24 hours.
Rewards are not distributed every single hour, or on a concrete time! Rewards are random and depend on luck, number of blocks in the network, masternodes quantity on different tier levels! Statistics are based and distributed between weeks, not between days or hours.
You have to send the required collateral and get new masternode outputs, after 15 confirmations, replace them with masternode conf file, reload the wallet and start the masternode.
Olympic coin shareholders have the option of running a masternode and staking coins in a stake able wallet. This provides dual benefits of securing the blockchain network as well as creates an opportunity for users to get incentives or dividends on their holdings.