Tokenomics

$OLIVE is the official utility and governance token of Olive Network. It will be airdropped & distributed to the Olive community in a manner which promotes network growth and decentralization.

$OLIVE will be utilized:

1. Gas Token (Paymasters)

2. Dual Staking token for validators

3. Revenue sharing for $OLIVE stakers

4. Governance

The team will periodically evaluate the robustness of the Olive community and will gradually handover the governance of the chain to its community.

$OLIVE tokens TGE hasn't happened yet. If anyone offers you or claim to have $OLIVE tokens, its fake.

Allocation & Vesting Schedule

A total of 10 Bn $OLIVE tokens will ever be in circulation. Allocation schedule is:

Allocation	%	Vesting
Founding Team	10%	6months cliff, followed by 2 yrs linear vesting thereafter
Private round investors	20%	6months cliff, followed by 2 yrs linear vesting thereafter
Listing	2%	Fully Vested
KOLs	3%	10% unlock at TGE, 4 months linear vesting thereafter
Team Performance Incentives	5%	6months cliff, followed by 2 yrs linear vesting thereafter
Foundation Grant	10%	6months cliff, followed by 2 yrs linear vesting thereafter
Public Sale	2%	50% TGE, 1 month cliff, 3 months linear vesting
Airdrop Phase 1 - TVL Growth	15%	TBD
Airdrop Phase 2 - Dev Ecosystem	15%	TBD
Ecosystem Growth	18%	TBD

Below is the graphical representation of token allocation and vesting schedule.