Greetings fellow Ohmies,
I’m Bob the Buidler, co-founder of Swix DAO and early supporter of Olympus.
I will briefly introduce you to Swix, a blockchain-based property rental platform, with a native token reward system. Our target is to create a sustainable, interest-bearing asset with a direct connection to the real-world property rental market.
Swix values the Olympus system and makes use of it to create value-backed token rewards in a sustainable manner through an innovative feature called “Bond-to-Pay”.
This function will be offered as one of several payment methods to begin with, and will subsequently become the primary payment method, hidden behind a simple “Pay Now” button which accepts any type of payment, converting it to whichever liquidity the bonding treasury is requesting at the time of purchase. This process will take place in the back-end, offering platform users the smoothest purchase experience possible.
The seamless “Bond-to-Pay” purchase will automatically split the funds to cover the real world costs and back the newly minted tokens.
Summary
Firstly, this is not a request for capital to fund the development of Swix DAO.
Swix is fully financed by its founding members, who are true believers in decentralization. We would like to add that there are no VC or private investor pre-allocations, and there never will be. Please find more information on our initial token allocation enclosed (https://swix-dao.gitbook.io/swix-dao/the-swix-token/token-distribution).
Olympus is the first community Swix is approaching given the nature of the product, and we are launching in December 2021.
Since our mission is to merge DeFi (3,3) with a real world business, we believe that receiving support from the community which successfully developed its underlying systems, is an integral part of the Swix journey.
Swix <> Olympus
Swix is pleased to offer the following:
- Invitation to participate in Swix protocol policy making, especially with regard to bond control variables.
- Access to our codebase creation process.
- Participation in the assessment of Risk-Free-Value of OHM held in the Swix DAO treasury.
- Swix will be conducting its IDO and LBP 1 accepting OHM.
Friendly Fork
The Swix DAO solution implements a modification of the Olympus system in order to back token rewards which Swix issues to stakers and platform users.
Benefits of this collaboration for the Ohmies:
- To utilize the Olympus infrastructure to disrupt traditional platforms and allow users to benefit from the Swix model.
- Cross promotion: we currently hold a client base of >1000 active customers (and growing) who regularly interact with us.
- Real world utility – our system will accept OHM as payment for property rental and experience purchases through our Booking Platform, cementing OHM’s status and value as a real world currency. Picture millions of people using Swix Rental and Experiences through OHM payments.
- 3.3% of the Swix initial token supply allocated to the Olympus DAO treasury. We think this will help bootstrap the decentralized community we want, as well as allowing the Olympus community to participate in the SWIX governance.
Olympus <> Swix
The Olympus support we are looking for is:
- OHM side of liquidity for our SWIX/OHM SLP pair, to ensure deep liquidity for our token since the very beginning. These funds will complement the liquidity raised from our Fair Launch Events.
- Promotion of Swix by Olympus DAO and its community. I genuinely think that OHM’s success is at least partially due to the incredible memes created by its community members. Just think about how many epic viral memes can represent the concept of earning from people’s travelling.
Very excited to hear the voice of the Ohmies.
Looking forward to seeing you all on the Swix DAO Discord.
Cheers,
Bob
