Protocol Mechanics

Our initial goal is not to find a stable price. Initially there will be volatility as there is price discovery on the open market, as more users on Dogechain are exposed to the protocol, and more capital bridges to Dogechain. The main tradeoff is volatility and profitability versus stability and consistency. With volatility and profit comes growth; this is what we want early on.

Long term with tight policy and scale, Olympus Doge should function well as a stable asset. Upward and downward pressures should stabilize at some non-intrinsic value. Olympus Doge has the potential to act as a wealth creation machine. The market premium of the token measures the positive sum of the game; all extrinsic value is new wealth created.

OHMD distribution

Every time someone purchases a bond, the proceed will go to the Olympus Doge treasury. A corresponding amount of $OHMD will be minted and distributed to three parties:

• Bonder

  The bond purchaser will receive the quoted amount of $OHMD linearly over the vesting term.

• Treasury

  The Treasury receives the same amount of $OHMD as the bonder. This represents the treasury profit.

• Stakers

  sOHMD holders will receive an equal amount of $OHMD as the bonder.

Liquidity Management Bot

One of the key features of the protocol is our unique trading bot. Our trading bot utilizes the treasury to help to reduce the volatility of the token price by buying $OHMD tokens off the market if the price ever dropped below the backing price, and selling $OHMD tokens when the price to healthy to help reduce the extreme short-term price increases that would incentivize swing traders to dump their positions and harm our long term investors. Our trading bots goal is to protect our investors capital long term and keep the $OHMD token healthy.

Sales Tax

Each sell of the $OHMD token incurs an 8% sales tax.

4% goes to stakers

2% goes to liquidity

2% goes to the treasury

The sales tax is an additional layer of security for long-term holders.