Olyseum Price (OLY)

What is Olyseum?

Olyseum is an ecosystem designed by stars to create a closer and more meaningful relationship with their fans.

In Olyseum, stars will monetize their social influence and reward their fan’s loyalty. Olyseum will allow stars to monetize audiences, and fans to monetize fan engagement.

How does Olyseum work?

Olyseum is proposing a collaborative platform that empowers fans to earn rewards for their activity around stars in Olyseum and on other social networks. These rewards can then be redeemed through an exclusive experience exchange created by Olyseum and the stars, as a means of bringing fans closer to the stars.

For stars, Olyseum enables them to create a global community through which they can be closer to their fans and reward their support. Stars will also earn a direct percentage of the overall advertising income of the network, allowing them to monetize their engagement with fans and activity.

Additionally, they are entitled to receive further value by facilitating exclusive experiences for their fans and sharing them in their current social networks, in exchange for tokens and other benefits.

Besides the traditional company business model and activites, Olyseum created its own ERC20 utility token, called OLY token or OLY.

It is designed to reward users from different parts of the world in a safe way using the Ethereum blockchain and its underlying cryptography, with quick, low-cost transactions encouraging early adopters to balance their value, efficiently facing the network effect, and allowing users to be in full control of their achievements’ value.

For all of this, Olyseum uses a mix of an off- chain and on-chain reward system to boost the platform, incentivize stars and influencers, create a gamification layer and provide access to stars’ exclusivity.

In this accelerated era of digitization and commercialization, the OLY token is intended to bridge the engagement gap between fans and stars.

Launched by computer scientist and neuroscientist Carlos Grenoir and renowned hacker Kevin Mitnick, as well as equity shareholders and former FC Barcelona players Carles Puyol, Andrés Iniesta and Iván de la Peña, Olyseum aims to bring fans and starts closer.