Announcing the Olive Network Rewards Campaign on CoinList
The Olive Network is building a secure, developer and user-friendly Ethereum layer-3 chain designed to be fully EVM compatible and built with native ETH staking and restaking at its core.
Olive’s mission is to bring the benefits of Ethereum to the masses and make Ethereum’s EVM accessible to people from different economies by leveraging gasless transactions, fast finality, and the security of Ethereum.
Today, we’re excited to announce Olive Network’s “Staking Saga” rewards campaign. Olive is offering 1,500,000,000 OLIVE (15% of the token supply) to qualifying participants that stake, invite friends, and complete squad goals.
Rewards:
A total reward pool of 1,500,000,000 OLIVE tokens, representing 15% of the total token supply, has been allocated for the “Staking Saga” reward campaign participants. Olive has designed a dynamic rewards system that tracks participants’ staking activities, ensuring rewards are allocated to the most valuable community contributors based on their efforts. Rewards can be earned by staking assets, inviting friends via referral code, and completing squad goals.
Referrals grant users Olive spins which generate additional Olive points. Here’s a better way to understand the Olive points reward system:
For more information on the rewards and how to participate, see here.
Participation & Eligibility Criteria:
The Olive Network "Olive Staking Saga" campaign welcomes all DeFi enthusiasts interested in staking their digital assets. There's an open invitation to stakeholders of LSTs and LRTs ensuring broad accessibility. The campaign promises a straightforward entry into staking, with no lock-in periods for staked assets. Participants are poised to earn a plethora of rewards, spanning from Olive Points, LRT points, and EigenLayer Points, showcasing the network's commitment to enriching its community's DeFi experience.
Timeline:
The Staking Saga campaign is expected to run from April 11, 2024 until July 30, 2024. The timeline is subject to change at the sole discretion of Olive Network.
About Olive:
Olive Network is a secure, developer, and user-friendly Ethereum layer-3 chain designed to be fully EVM compatible and built with native ETH staking and restaking at its core. By leveraging Arbitrum's tech stack and integrating EigenDA for data availability, users can transact on Olive at no cost.
Join the Olive Community:
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