Over the last 24 hours, Olympus (OHM) cryptocurrency impressively surging from $423.35 to $475.95 by achieving over 12%. The current ranking is #119, with a live market cap of $803,561,253. At the moment, the trading volume equaled $17,479,079. Olympus is a decentralized reserve currency protocol powered by the OHM token. Each OHM token is backed by a basket of assets (e.g., DAI, FRAX) in the Olympus treasury, giving it an intrinsic value below which it cannot fall.
Olympus is also introducing unique economic and game-theoretic dynamics to the market through betting and linking. Olympus aims to create a policy-controlled monetary system in which the behavior of the OHM token is controlled at a high DAO level. In the long term, she believes that the system can optimize for stability and consistency so that OHM can function as a global unit of account and a currency exchange facility. In the short term, he aims to optimize the system for growth and wealth creation.
Business and Tech Reporter