OliveX Holdings Limited (OLX.NSX) Launch of new ‘DOSE’ Token and ‘Dustland Runner’ Game
Sydney, Australia, Sep 29, 2021 – (ABN Newswire) – OliveX Holdings Limited (NSX:OLX), through its wholly owned subsidiary OliveX BVI, is pleased to announce that it intends to launch an Initial Exchange Offering (IEO) for its new DOSE token. In conjunction with the DOSE token, OliveX also intends to release a new Zombies, Run!TM inspired fitness game, Dustland Runner, which will utilise the new DOSE token as its in-game currency.
‘DOSE’ TOKEN
DOSE is an ERC-20-compatabile fungible token of purchase, utility and action and will form the central in-game currency of OliveX’s gamified fitness metaverse. DOSE will have a fixed supply of 5 billion tokens.
Prior to the IEO, OliveX is targeting up to US$2,000,000 at US$0.015 per DOSE token via a private round to attract strategic holders (Strategic Round). The Strategic Round has received commitments for a total of US$1,700,000 so far, including from its major shareholder, Animoca Brands, as well as Yield Guild, The Sandbox, The Spartan Group, Primo and Skyvision Capital.
Under the IEO, OliveX is targeting up to US$500,000 at US$0.03 per DOSE token, which will launch on or about 19 October 2021.
OliveX’s portfolio of applications, including 22 Push Ups and KARA Smart, will utilise the DOSE token to reward users for their fitness activity.
Keith Rumjahn, CEO, commented: “We’re continuing to innovate by connecting our products, games and services with the new DOSE token to grow and motivate our community of health and fitness fans who love the ‘play-to-reward’ concept.
“We all know that we feel better once we’ve exercised or played a game, so DOSE is an acronym for the chemicals we release when we exert ourselves and that make us feel good:
Dopamine, Oxytocin, Serotonin and Endorphin.
“It’s our mission to help people embrace health and fitness and feel good about measuring their progress.”
Please note, however,…
