Olecoin: Tokenizing the Future Earnings of Football Talent

What is Olecoin

Friends, imagine if there were a project that could combine football—the world’s most popular sport—with the blockchain technology we’re discussing now. What would that look like? Olecoin (project abbreviation: OLE) is just such an imaginative project. It acts as a bridge connecting the world of football and the world of blockchain, with a particular focus on the cultivation and commercialization of football talent in Brazil.

Simply put, Olecoin’s goal is to build a platform that allows talented young football players, especially those from Brazil, to gain more opportunities and funding through blockchain technology. It’s like providing these future football stars with a brand-new channel for “crowdfunding” and “value realization.”

Within this ecosystem, there is a football game called “OLEFOOT,” which is like a virtual football universe where players can act as coaches, manage their own players, participate in matches, and even own their own virtual stadiums. Olecoin (OLE) is one of the main digital currencies in this ecosystem, primarily used for football “market” and “business” related activities. There is also a token called OLEFY, which is the “circulating currency” within the game, used for in-game rewards and purchases, helping players accelerate their development in the game.

So, you can think of Olecoin as a blockchain-based football ecosystem that encompasses both real-world football talent development and commercialization, as well as virtual football gaming experiences.

Project Vision and Value Proposition

The vision of the Olecoin project is very ambitious. It hopes to reignite the passion for Brazilian football through blockchain technology, providing fair and equal opportunities for talented young players and helping them realize their dreams of becoming professional footballers. Imagine a poor but talented child being able to receive financial support through this platform, no longer having to give up their football dreams due to economic reasons—this is the core problem Olecoin aims to solve.

Its value proposition lies in combining football business, entertainment, and crypto investment to create a unique ecosystem. It is not just a token, but a platform connecting players, investors, and fans. Through tokenization (which simply means turning real-world assets or rights into digital certificates on the blockchain), Olecoin allows investors to participate in sharing the future earnings of football players—something that is very difficult to achieve in traditional sports.

Compared to similar projects, Olecoin’s uniqueness lies in its integration of football business, entertainment, and crypto investment within one ecosystem, with a special emphasis on the cultivation and support of Brazilian football talent. In 2019, it was also a finalist in the “Dubai Smart Global Blockchain Challenge,” indicating that its innovative concept has received some recognition within the industry.

Technical Features

Olecoin (OLE) itself is a BEP-20 token, which means it runs on the Binance Smart Chain (BNB Smart Chain). Binance Smart Chain is an efficient and relatively low-cost blockchain platform, chosen by many decentralized applications (DApps) and tokens.

Within this ecosystem, Olecoin leverages blockchain technology to achieve the following features:

• Asset Tokenization: The project can tokenize assets such as football players’ future earnings, virtual stadiums, and training centers. This is like splitting the value of these assets into many small parts, allowing more people to participate in investment and ownership.
• NFTs (Non-Fungible Tokens): The project mentions using NFTs to represent unique digital assets such as players and stadiums. NFTs are like “digital collectibles” on the blockchain, each one unique and irreplaceable.
• DeFi (Decentralized Finance): Investors can participate in the project through staking (locking their tokens in the blockchain network to support its operation and earn rewards) and farming (earning token rewards by providing liquidity, etc.). This gives token holders the opportunity to earn returns by participating in the ecosystem.

Although the whitepaper mentions that the OLEFOOT project has “its own blockchain,” Olecoin (OLE) currently exists as a BEP-20 token on the BNB Smart Chain. This may mean the project has more ambitious blockchain development plans for the future, or that “its own blockchain” refers to specific technical implementations within its ecosystem.

Tokenomics

Olecoin (OLE) is one of the core tokens in this football ecosystem.

Basic Token Information:

• Token Symbol: OLE
• Issuing Chain: BNB Smart Chain (BEP-20 standard)
• Maximum Supply: 10,000,000,000 OLE (10 billion)
• Current Circulating Supply: According to the project’s self-reported data, the current circulating supply is 0 OLE. This means the token has not yet officially entered market circulation.
• Inflation/Burn: The whitepaper does not specify detailed inflation or burn mechanisms.

Token Utility:

Olecoin (OLE) plays multiple roles within the ecosystem:

• Purchasing NFTs: Can be used to purchase NFTs representing players, stadiums, medical centers, training centers, parking lots, and academies.
• Staking and Farming: Investors can participate in the project and earn potential returns by staking and farming OLE tokens.
• Football Market and Business Activities: OLECOIN is mainly used for activities related to the football market and business.

In addition, there is another token in the ecosystem, OLEFY, which is the in-game token for OLEFOOT, used for game rewards and purchases, helping players accelerate their development in the game.

Token Distribution and Unlocking Information:

There is currently no detailed public information on token distribution and unlocking plans. Since the current circulating supply is 0 and the project is awaiting exchange listing, this information may not yet be published or may require consulting a more detailed version of the whitepaper.

Team, Governance, and Funds

There is limited public information regarding the core team members of the Olecoin project, team characteristics, specific governance mechanisms, and treasury and fund operations.

The whitepaper mentions that the Olecoin project was a finalist in the “Dubai Smart Global Blockchain Challenge” in 2019, indicating that its concept and team received some recognition in the early stages. The project also mentions having good cooperative relationships with the world’s largest clubs and using professional scouts to verify player information, suggesting resources and expertise within the football industry.

However, there is currently no detailed disclosure on how the project conducts decentralized governance (i.e., mechanisms where token holders jointly decide the project’s development direction through voting, etc.), as well as key information such as the project’s fund reserves and operating cycles.

Roadmap

Based on available information, we can outline some historical milestones and future plans for the Olecoin project:

Important Historical Milestones and Events:

• 2018: Olecoin (OLECOIN) token launched.
• 2019: OLEFOOT project became a finalist in the “Dubai Smart Global Blockchain Challenge.”
• 2021: CoinPaprika mentioned that OleCoin (OLE) was launched in 2021 as a community-driven cryptocurrency aimed at promoting decentralized finance and digital asset adoption. (This may differ from the 2018 launch information and could refer to the phased initiation of the project’s concept or implementation.)
• March 30, 2023: OLEFOOT whitepaper updated, detailing the roles of OLECOIN and OLEFY in the ecosystem, and mentioning that the game is available on PC and Android platforms.

Future Key Plans and Milestones:

The whitepaper and public information do not provide a specific future timeline. However, based on the current state of the project, the following are possible key milestones:

• Exchange Listing: Olecoin (OLE) is not yet listed on any exchange, and its price is unknown. The project is awaiting listing. Successful listing will be an important step in the project’s development.
• Ecosystem Expansion: As the game develops and the football talent tokenization model matures, the project may expand its partnerships and functionalities.
• Community Building and User Growth: As a football-themed project, attracting more fans, players, and investors to participate in the community will be key to its long-term development.

Common Risk Reminders

Investing in any blockchain project carries risks, and Olecoin is no exception. Before considering participation, please be sure to understand the following potential risks:

• Technical and Security Risks:

  As a BEP-20 token, Olecoin relies on the security of the Binance Smart Chain. Vulnerabilities in smart contracts (code running on the blockchain that automatically executes preset rules) could lead to asset loss. In addition, the project’s codebase (GitHub) activity needs to be continuously monitored to assess its development and maintenance status.

• Economic Risks:

  Market Liquidity Risk: Currently, Olecoin (OLE) is not listed on any exchange, and the circulating supply is 0, which means its market liquidity is extremely low or even nonexistent. Without an active trading market, the token may be difficult to buy or sell, and its price cannot be determined.

  Price Volatility Risk: Once listed, the inherent high volatility of the cryptocurrency market may cause the token price to fluctuate sharply, and investors may face the risk of capital loss.

  Project Development Uncertainty: Although the project’s vision is ambitious, there is uncertainty as to whether it can successfully attract enough football talent, investors, and players, and whether it can realize its business model.

• Compliance and Operational Risks:

  Regulatory Risk: Regulatory policies for cryptocurrencies and tokenized assets are still evolving and improving worldwide. Future policy changes may affect the project’s operations and the legality of the token.

  Operational Transparency: Insufficient transparency regarding team members, governance mechanisms, and fund usage may increase uncertainty for investors.

  Competition Risk: There is competition in the sports tokenization and blockchain gaming sectors, and Olecoin needs to continuously innovate and develop to stand out.

Please remember, the above information is for reference only and does not constitute any investment advice. Be sure to conduct thorough independent research and risk assessment before making any investment decisions.

Verification Checklist

To gain a deeper understanding of the Olecoin project, you can check the following key information:

• Block Explorer Contract Address: The contract address for Olecoin (OLE) is
  0xfb4b7ee058828b5fbf2e475da88f1903f453334e
  . You can view transaction records, number of holders, and other information for this contract on BNB Smart Chain block explorers such as BscScan.
• GitHub Activity: Visit the project’s GitHub repository (github.com/olecoin) to check code update frequency, number of contributors, and issue resolution status, which reflects the project’s development activity.
• Official Website: olecoin.io
• Social Media: Twitter (twitter.com/olesportslab) Follow their official social media for the latest announcements and community updates.
• Whitepaper: Try to find the latest complete whitepaper on the official website or platforms like CoinMarketCap for more detailed project information.

Project Summary

Olecoin (OLE) is an ambitious blockchain project that seeks to combine the world of football with decentralized technology, with a particular focus on the cultivation and commercialization of Brazilian football talent. By tokenizing the future earnings of football players and integrating a football management game called OLEFOOT, the project aims to provide new funding sources for players, unique participation opportunities for investors, and immersive entertainment experiences for fans.

Olecoin operates as a BEP-20 token on the BNB Smart Chain, and its ecosystem also includes the in-game token OLEFY, together building a football universe that blends reality and the virtual world. The project received industry recognition in 2019 and launched the OLECOIN token in 2018.

However, it should be noted that Olecoin (OLE) is not yet listed on any exchange, its circulating supply is zero, and market activity is low. This means the project is still at a very early stage, or its development faces challenges. Investors considering participation need to be fully aware of its potential liquidity risk, market volatility risk, and the uncertainty of project development.

In summary, Olecoin offers an interesting perspective on how blockchain technology can empower the traditional sports industry. However, given its current market status and information transparency, all interested parties are strongly advised to conduct in-depth research and carefully assess all potential risks. This is not investment advice; please approach rationally and make independent decisions.