WHITE PAPER DEMOCRATIZING GAMING AND TRAVEL INDUSTRY - OLX Coin
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WHITE PAPER DEMOCRATIZING GAMING AND TRAVEL INDUSTRY © 2018 OLXCOIN • ALL RIGHTS RESERVED • VERSION 25 FEB 2018
CONTENT
CONTENT
1. THE CHALLENGES
2. INTRODUCTION
3. BLOCKCHAIN TECHNOLOGY- ESSENCE OF THE OLX
4. AN INSIGHT ABOUT OLX’S GAMING PLATFORM
5. CONCISE VIEW OF OLX TRAVEL & TOURISM PLATFORM
6. WHY WE RELY ON OPENSOURCE BLOCKCHAIN TECHNOLOGY?
7. SMART CONTRACTS - PILLAR OF HOPE
8. OUR VISION
9. TOKEN STRUCTURE – INCOME PLAN
10. GLOBAL ACCESS ICO REFERRAL STRUCTURE
11. ROADMAP OF OLX
12. CONCLUSION
13. DISCLAIMER
2 www.olex.io
THE CHALLENGES
1 THE CHALLENGES
GAMING INDUSTRY:
Since the beginning in early 60’s, gaming industry has come a long way. It has
successfully engaged gargantuan number of users and adopted state-of-the-art
technologies to craft a separate niche especially in recreational activities arena.
Good thing is that going ahead of recreational activities gaming industry is now
heading to create a more interactive environment for better mental development
of users. But to achieve this goal gaming industry off course needs a more
efficient and forward looking platform.
TRAVEL & TOURISM INDUSTRY:
In the past decade travel and tourism industry has developed swiftly both as a
global industry and as a social phenomenon. But this global approach has made
travel industry vulnerable to economic, political and social issues. Although few
of the factors are beyond industry’s control yet many still can be addressed with
a proactive approach and strategy.
In short, technological backwardness is acting as a big challenge for both
gaming and travel industry to gain maximum advantage of the rising tide in their
respective arenas. In fact, taking the advantage of this challenging situation few
top players are enjoying the monopoly.
DEMOCRATIZING GAMING AND TRAVEL INDUSTRY
INTRODUCTION
2 INTRODUCTION
Despite of meteoritic rise of gaming and travel industry still there are many
milestones which are yet to be achieved.
Taking this into consideration UK based OLX has come up with a community
driven decentralized blockchain based platform exclusively for gaming and travel
industry. In fact, we are over the moon to announce that OLX is the pioneer in
introducing blockchain technology in both these sectors.
OLX is a strong believer in the future of blockchain technology as prime driver for
bringing democratization in gaming and travel industry. To put it in another way
democratization for making these two sectors open and transparent for even a
man in street. Besides this, by making gaming and travel industry blockchain
powered OLX is also aiming to bring utmost security and efficiency.
The feature that sets us apart from others is that our unique decentralized
platform operates using most advanced feature of smart contracts. This not only
gives OLX more power to successfully make investors experience more valuable,
but also assists us to bring frauds under control.
www.olex.io take
Above all, professionals having hand-on blockchain technology experience
care of our network. This simply means good revenues for investors are not just
BLOCKCHAIN TECHNOLOGY
3 BLOCKCHAIN TECHNOLOGY
(ESSENCE OF OLX)
Blockchain technology is unique database technology that is not operated or
controlled by any single individual or organization. The autonomous and
decentralized nature of this new technology makes all sort of crypto trading or
exchange absolutely secure and immutable. With unique time stamp it also
supports to track the transactions thereby giving an upper hand to its reliability.
Another cornerstone of our platform is that we also offer exclusive OLX coins. Any
investor can gain OLX coins simply by joining our platform. Further, investors are
always free to trade i.e. buy or sell these coins in exchange of other altcoins.
Details of OLX coins are shared later on in this whitepaper.
Applying this next generation technology we are creating opportunity to unlock
new markets. In short, making gaming and travel accessible for all OLX is
democratizing the world of gaming and travel industry.
DEMOCRATIZING GAMING AND TRAVEL INDUSTRY
GAMING PLATFORM
4 AN INSIGHT ABOUT OLX’S
GAMING PLATFORM
Gaming has swiftly turned into a multi billion industry and over the next few years
it is expected to even soar higher. To make this run even smoother OLX has
come up with exclusive blockchain based gaming platform that addresses
perspective of both players and developers. Democratizing the gaming industry
OLX is offering a decentralized platform for gaming enthusiasts where even small
developers having minimum capital can give wings to their dreams. In other
words using OLX platform gaming enthusiasts can develop, distribute and even
play games.
Furthermore, using our platform gamers can raise capital, find new technologies,
and can even distribute online games. Besides this, participants get extra
advantage of speed, security and anonymity all at much lower costs that no other
traditional technology can even think of. Additionally, using OLX’s platform
freelance gaming developers can get their payments in virtual currency. Further,
OLX also discourages piracy issues by marking each gamer with a unique ID
generated by blockchain technology.
All in all, OLX is providing a unique forward looking platform to build a better
worldwide gaming community. Another cornerstone of our platform is that we also
offer exclusive OLX coins. Any investor can gain OLX coins simply by joining our
platform. Further, investors are always free to trade i.e. buy or sell these coins in
exchange of other altcoins. Details of OLX coins are shared later on in this
whitepaper.
Applying this next generation technology we are creating opportunity to unlock
new markets. In short, making gaming and travel accessible for all OLX is
democratizing the world of gaming and travel industry.
www.olex.io
TRAVEL & TOURISM PLATFORM
5 OLX TRAVEL & TOURISM
PLATFORM
To bring complete automation in travel and tourism industry OLX has come up
with this unique platform. OLX platform aims to improve the travel services
accessibility and reduce the operational costs. Additionally, it has minimized the
human intervention in the travel industry thereby making it more transparent. And
all this simply means a travel booking experience that is completely free from
annoying invoices, delayed payments and cash flow worries.
By and large currently operating traditional travel and tourism booking portals are
inundated with different third party service providers and operators. Frequent
money transactions takes place among such operators thereby making the whole
system pretty puzzling for all from end user to investors. However, smart contract
feature of OLX platform not only efficiently addresses this issue, but by
introducing automation it also makes it fast and reliable.
Going further, immutable blockchain technology of OLX gives new dimension to
traveler identification and baggage tracking services.
KEY BENEFITS:
Peer-to-peer communication
Minimal transaction fee per booking
Encrypted booking system
Transparent and quick bookings
DEMOCRATIZING GAMING AND TRAVEL INDUSTRY
Free from third party interventions and
BLOCKCHAIN TECHNOLOGY
6 WHY WE RELY ON OPEN
SOURCE BLOCKCHAIN
TECHNOLOGY ?
Triggering the next revolution OLX's blockchain technology is assisting in creating
new opportunities for the gamers. Using this technology gaming platforms can
disseminate gaming rewards in form of crypto currencies. More importantly
decentralized nature of this platform allows gamers to perform a transaction in a
secure, verifiable and transparent environment.
Coming to travel and tourism industry, team OLX believes in reducing the
bottlenecks of entry into this market thereby making it more accessible for
everyone. This certainly is not achievable without transparency. And that's exactly
what OLX offers by fostering transparency in travel bookings. This simply means
from a service provider to user and investors all have absolute autonomy to track
anything from anywhere. This further motivates service providers and investors to
contribute as well as integrate the platform with other applications.
www.olex.io
SMART CONTRACTS
7 SMART CONTRACTS
(PILLAR OF HOPE)
In the past decade or so hacking industry has also grown substantially. The
worrying consequence of this is that hackers are always around the corner to
crack in others finances.
Considering these facts OLX has introduced an exclusive feature of ‘Smart
Contracts’ on its platform. This distinctive feature of ‘smart contracts’ has
everything which is vital to perform safe financial transactions or any other sort of
business operations. Close analysis of this feature reveals that a smart contract is
just a pre written programming codes that executes own it own.
In reality, a smart contract acts as an intangible obstacle or protocol thereby
endowing security to our platform which is simply far above the ground. Big
picture here is that by utterly diminishing the role of middle man or intermediates it
substantially trims down any likelihood of hacking.
DEMOCRATIZING GAMING AND TRAVEL INDUSTRY
POWERFUL BENEFITS THAT “SMART CONTRACTS” OFFER TO ITS USERS:
1. Enables investors or users to perform transactions with foreign clients across the globe.
2. Enables to connect online operations with smart contracts to beef up systems security.
3. Enables to give a slip to time killing and expensive legal procedures.
4. Enables to use these as enforcement agents.
www.olex.ioOLX VISION
8 OUR VISION
We envision changing the outdated gaming and travel industry methods in order
to assist common public to participate more widely in these communities. Fixing
the major problem of profitability we also aim to reduce operational cost to make it
profitable for all.
In short, unlocking the crypto world for all we are actually aiming to make the
gaming and travel industry decentralized in its true essence.
DEMOCRATIZING GAMING AND TRAVEL INDUSTRYINITIAL COIN OFFERINGS
9 TOKEN STRUCTURE
Token name: OLX COIN
Token standard: ERC 20
Blockchain Platform: Ethereum
OLX Available for Crowd sale: 100,000,000
Token Price: the price of one token is : $0.10 - $0.50
9.1 INCOME PLAN
www.olex.io10 GLOBAL ACCESS ICO
PHASES
DEMOCRATIZING GAMING AND TRAVEL INDUSTRYROADMAP
11 ROADMAP OF OLX
www.olex.ioCONCLUSION
12 CONCLUSION
In the last decade or so both gaming and travel industry sectors developed at a
great pace. But, now technical complexities and resource intensive processes of
traditional methods are making these two domains trackless for investors as well
as for users.
That’s exactly what OLX addresses with its next generation platform. Good thing
is that OLX is continuously evolving to reduce entry barrier, give users trading
satisfaction and gainful experience. This simply means OLX is providing a fair
opportunity to generate more benefits. Best part is that, maintaining a steady flow
of income OLX is transparent and open for all i.e. from small to big investor and
users.
Further, by trimming the services of third parties OLX is supporting gaming and
travel industry in saving millions of dollars otherwise going waste. Bottom-line is
that leading the future of digital investments we are giving accessibility, reliability,
maintainability and security all under the single roof of OLX.
DEMOCRATIZING GAMING AND TRAVEL INDUSTRYDISCLAIMER
13 DISCLAIMER
Based on the understanding of the technology and financial landscape the
information contained in this White Paper is intended purely to share the
comprehension about OLX. This White Paper is meant for informational purpose
only; therefore the representation herein should not be relied on. All the
information shared in this whitepaper is general in nature and should not be
constructed as professional advice. OLX makes no representations or warranties.
Do not consider it as a legal advice. OLX does not accept any accountability for
even slight loss arising from reliance on this White Paper. As investments are
prone to markets risks therefore OLX does not accept any direct / indirect /
incidental / consequential liability for minor to major profit or capital loss arising
from reliance on information contained in this White Paper. Please read all the
documents carefully. Readers are especially advised to use their discretion before
making investments or taking any sort of decision.
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