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About
What Is OliveX (DOSE)?
OliveX (DOSE) is a gamified fitness ecosystem working to enhance real-world workout experience through use of game design techniques and play-to-earn mechanics. OliveX allows players to both improve their physical shape and earn real-life revenue through gaming activity.
OliveX is set out to define a new era of fitness and provide an entertaining way to stay motivated through daily physical exercise. 27.97% of the company is owned by Animoca Brands — a leader in blockchain gaming.
DOSE, the ecosystem’s native currency, is earned by completing workout-based gameplay inside of OliveX's applications. DOSE is used to unlock in-game items and game modes, purchase NFTs and take part in the ecosystem’s special events. DOSE can currently be earned in Dustland Runner — an audio adventure running game, Dustland Rider — a cycling fitness game and 22 Pushups — a pushup challenge platform.
The token was launched in November 2021. The Dustland Runner mobile application alpha release took place in the first quarter of 2022 with the open beta version coming in Q2 2022. As a long-term goal the company is planning to introduce a PVP mode and create a metagame in Dustland Runner.
Who Are the Founders of OliveX?
OliveX’s Chief Executive Officer (CEO) is Keith Rumjahn — an experienced entrepreneur and fitness enthusiast. He previously founded Coachbase — the number one paid sports application on both iOS and Android. He has also authored a book on baseball coaching called “Coaching from the base up” and worked as a mentor at Hong Kong Founder Institute.
Andy Hall is the Head of Group Operations at OliveX. He is responsible for developing the company’s commercial strategy and managing its marketing and sales initiatives. Andy Hall has a master’s degree in Business from Quantic School Of Business And Technology.
What Makes OliveX (DOSE) Unique?
According to the project’s official whitepaper, Dustland Runner is the world's first proof of workout audio game, where real-life running exercise allows players to progress the narrative and gain NFTs and monetary incentives. Dustland Runner is not only free-to-play but also does not require gamers to own any in-game items (NFTs) to join. The game is set in a post-apocalyptic world, where players complete running missions to get resources and uncover the storyline.
One of OliveX's earlier applications, 22 pushups, is built as a daily challenge platform. It engages the smartphone’s light sensor to automatically calculate the number of user’s pushups and employs a variety of game design techniques to help fitness enthusiasts maintain a consistent routine. 22 pushups was featured as the “App of the day” by the Apple Store.
Dustland Rider leverages the game engine of SOL Cycling — a fitness game acquired by OliveX originally developed by Redline Studios. By integrating with a physical bike trainer equipped with bluetooth sensors Dustland Rider keeps track of the player’s cycling activity and allows for further progression down the game’s narrative.
Although the ecosystem primarily focuses on making workout experience entertaining, OliveX’s projects also do not miss out on all the essential features of a regular fitness app. As stated in the official whitepaper most of the ecosystem’s applications support metric tracking, goal setting and are able to connect to external fitness devices.
How Many DOSE Coins Are There in Circulation?
The total supply of DOSE is 5 billion tokens and the current circulating supply is set at 51,903,165.01 DOSE. As reported on the official website the allocation of tokens is as follows:
- 5.31% is in the company reserve
- 10% is given to the team and advisors
- 20% is set aside for the gameplay rewards distributed by the ecosystem
- 10% is allocated for user rewards in 22 PUSHUPS
- 10% is set aside for user rewards in Dustland Rider
- 15% is dedicated for user rewards in Dustland Runner
- 2.68% is spread through IEO (initial exchange offering) and IDO (Initial DEX offering)
- 10% is in the liquidity pool
- 2.68% is set aside to fund strategic partnership
- 0.33% is distributed through public pre-sale
- 14% went towards the private sale
How Is the OliveX (DOSE) Network Secured?
DOSE (OliveX) is an ERC-20 standard token on the Ethereum blockchain with a layer 2 solution on the Polygon/Matic network. As opposed to Ethereum, Polygon/Matic offers cheaper transaction fees and increased scalability.
When Will DOSE Trading Begin?
DOSE first went live in November 2021.
Can DOSE Hit $1?
As a move-to-earn metaverse OliveX (DOSE) has a potential to change the way society approaches physical exercise. Between the impressive collaborations with blockchain gaming leaders (Animoca Brands, The Sandbox) and the company’s plans to develop and acquire more move-to-earn projects, OliveX has a fair chance of further growing the value of its naitive token especially with the upcoming public releases of Dustland Runner and Dustland Rider.
Where Can You Buy DOSE?
DOSE (DOSE) is currently available for purchase on the following exchanges and DEXes: Gate.io, Uniswap (V2), OKX, PancakeSwap (V2), SushiSwap, and many others.
New to cryptocurrency? You can read more about how to enter the market and how to buy DOSE or any other token on CoinMarketCap’s education portal — Alexandria.
AI Analysis
What is the DOSE (DOSE) cryptocurrency good for? What are its main use cases?
DOSE (DOSE) is a cryptocurrency primarily associated with the gaming and esports sector. It is designed to serve various purposes within its ecosystem, particularly focusing on enhancing user engagement and interaction. Here are some of the main use cases:
In-Game Currency: DOSE can be used as a medium of exchange within gaming platforms, allowing players to purchase virtual goods, skins, and other in-game assets.
Rewards and Incentives: Players can earn DOSE tokens as rewards for completing tasks, participating in tournaments, or engaging with the community. This incentivizes active participation and loyalty.
Staking and Governance: Token holders may have the opportunity to stake their DOSE tokens, which often allows them to earn additional rewards or participate in governance decisions related to the development and management of the platform.
Trading and Marketplaces: DOSE can be used in decentralized marketplaces where gamers can trade in-game items and assets, enhancing liquidity and value for both players and developers.
Cross-Platform Interactions: The use of DOSE can facilitate interactions between different games and platforms, allowing for a broader ecosystem where users can utilize their tokens across multiple gaming experiences.
Community Building: The cryptocurrency can help in creating and nurturing communities around specific games or gaming genres, fostering a more engaged and active user base.
Overall, DOSE aims to integrate the cryptocurrency seamlessly into the gaming experience, making it a valuable asset for gamers and developers alike. However, it's important for individuals interested in DOSE to conduct their own research to get the most updated and detailed information about its specific use cases and ecosystem applications.
What blockchain does DOSE use? Is it its own blockchain or built on top of another?
DOSE is a cryptocurrency associated with the Decentraland project, which primarily operates on the Ethereum blockchain. Therefore, DOSE is built on top of the Ethereum blockchain rather than having its own independent blockchain. This means that it benefits from the security and infrastructure provided by Ethereum.
Is DOSE programmable? Does it support smart contracts or decentralized applications?
As of my last update in October 2023, DOSE is a cryptocurrency associated with the Dose ecosystem, which typically focuses on decentralized finance (DeFi) and health data management. However, the details regarding its programmability and support for smart contracts or decentralized applications (dApps) might vary based on the platform's specific development.
To determine whether DOSE supports smart contracts or dApps, you would need to check their official documentation, website, or community updates. Keep in mind that the capabilities of cryptocurrencies can evolve, so it's important to get the latest information from reliable sources.
How fast are DOSE transactions? What is the typical confirmation time and throughput (transactions per second)?
DOSE is a blockchain protocol that aims to provide fast and efficient transactions. Typically, the confirmation time for DOSE transactions is designed to be low, often in the range of a few seconds to a minute, depending on network congestion and the specifics of the transaction.
As for throughput, the number of transactions per second (TPS) can vary significantly depending on the network's current load and its underlying architecture. Many blockchain networks, including those like DOSE, strive for high TPS rates, often targeting hundreds or even thousands of TPS under ideal conditions.
For the most accurate and up-to-date figures regarding DOSE transactions, including confirmation times and throughput, it is advisable to check official documentation or community updates, as these metrics can evolve with network development and upgrades.
How much data can I store on the DOSE blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, DOSE (Decentralized Open Storage Ecosystem) primarily focuses on providing decentralized storage solutions, enabling users to store and manage their data on the blockchain. The exact amount of data you can store on the DOSE blockchain can vary based on the specific implementations and protocols employed.
On-Chain Data Storage:
DOSE may support on-chain data storage, but the capacity for this storage is typically limited compared to off-chain solutions due to the constraints of blockchain technology, such as transaction fees, storage costs, and scalability issues. Often, blockchains are less suited for large data files, and instead, they are used for storing pointers or hashes of the data, while the actual data is kept off-chain.
To get precise details regarding maximum data storage limits and capabilities for on-chain data on the DOSE blockchain, you should refer to their official documentation or community resources, as specifications can change and may have been updated after my last training data.
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