Double Enjoyment of Olympics and Crypto Projects: 2024 Paris Olympics Crypto Guide

KEYTAKEAWAYS

TABLE OF CONTENTS

• KEY TAKEAWAYS
• CHILIZ (CHZ)
• $MGMES (THE MEME GAMES)
• NBA TOP SHOTS
• POLYMARKET
• SOLYMPICS (SOLYMPICS)
• GOLD MEDAL TOKEN (OLYMPICGM)
• OLYMPIC GAMES TOKEN (OGT)
• OLYMPIC GAMES DOGE (OGD)
• CONCLUSION
• DISCLAIMER
• WRITER’S INTRO

CONTENT

Explore innovative crypto projects related to the 2024 Paris Olympics, including fan tokens, memecoins, and prediction markets. Discover how blockchain is revolutionizing sports engagement and investment opportunities.

As the 2024 Paris Olympics approach, blockchain technology is bringing innovative ways of participation and investment opportunities to this global sporting event. Let’s look at several crypto projects related to the Olympics.

• CHILIZ (CHZ)

Chiliz is a blockchain designed specifically for sports and entertainment, issuing fan tokens through its Socios platform. Fan tokens supported by Chiliz provide supporters with opportunities to participate in team decisions, receive incentives, and unlock content, allowing fans to interact directly with their sports teams through voting, surveys, and various interactive elements.

Main features:

• Enhance fan engagement
• Allow fans to participate in club decision-making votes
• Provide exclusive rewards and content

Since its establishment in 2018, Chiliz has rapidly integrated its technology into the fan interaction field. Global attention to the Olympics may provide more opportunities for Chiliz to showcase.

• $MGMES (THE MEME GAMES)

The Meme Game ($MGMES) has been officially designated as the meme coin for the 2024 Olympics. It’s an Olympic-themed cryptocurrency that combines several well-known meme coin projects including Dogecoin, Pepe, Floki, Turbo, and Dogwifhat.

Main features:

• Combines five meme coin projects including Dogecoin and Pepe
• Users will see five iconic meme coin characters – Dogecoin, Pepe, Floki, Turbo, and Dogwifhat participating in virtual races, adding fun.
• 25% bonus: If the investor’s chosen character wins, they can win a 25% bonus.
• Staking function: Offers up to 1,218% annual yield, attracting a large number of investors’ attention.

$MGMES presale raised $130,000 in the first 24 hours and will end on September 8, 2024.

Read More:

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• NBA TOP SHOTS

NBA Top Shots is a platform developed by Dapper Labs, known for facilitating the purchase, sale, and trading of NBA-authorized highlight clips (also known as “moments”). Although NBA Top Shots currently focuses on the NBA, it provides an example for potential future Olympic NFT projects.

Main features:

• Developed by Dapper Labs
• Based on Flow blockchain
• Provides NFTs of NBA-authorized highlight clips

• POLYMARKET

Polymarket is a decentralized prediction market platform that allows users to trade on the outcomes of world events.

Users can predict and bet on the number of medals and winning countries for the 2024 Paris Olympics. These predictions have attracted the attention of many sports fans.

In the “Olympics” category on Polymarket, users can make predictions on various Olympic-related events. For example, current predictions show that the United States has a 78% probability of winning the most gold medals at the Paris Olympics, while China has 21%. The amount for this type of prediction project has reached $1.54 million.

Read More:

Crypto Bettors Flock to Polymarket for Paris Olympics Wagers

• SOLYMPICS (SOLYMPICS)

Solympics (SOLYMPICS) is an Olympic-themed Solana meme coin that brings investors the excitement of being at the Olympics.

Main features:

• Sharp price increase: Surged 412.75% within 24 hours.
• High visibility: Trending noticeably on Dexscreener, despite controversies about token distribution, it still attracts attention.

Despite potential Rug Pull risks, the price increase shows that investors still have strong interest in Solympics, making it a high-yield investment during the games.

• GOLD MEDAL TOKEN (OLYMPICGM)

(Source: LIVE COIN WATCH)

The Gold Medal Token (OlympicGM) aims to make investors feel like champions in a blockchain-based Olympics. It combines the excitement of competition and the Olympics.

Main features:

• Predict and win rewards: Investors can predict Olympic champions and receive rewards.
• Exclusive club: Join an elite digital athlete community and diversify your portfolio through this unique token.
• Exciting airdrops: Attract users through regular airdrops and interactive activities.

OlympicGM was released on July 26, 2024. Its focus on prediction and rewards makes it an attractive choice during the Olympics.

• OLYMPIC GAMES TOKEN (OGT)

(Source: GeckoTerminal)

The Olympic Games Token (OGT) on the Solana chain is a currency issued to enhance fan engagement and support athletes.

Main features:

• Fan engagement: Token holders can participate in exclusive events and vote for athlete awards.
• Athlete support: Token sale proceeds support athletes.
• Sustainable development plan: Funds support environmental projects in line with Paris 2024’s sustainability commitments.

With its release on July 26, 2024, $OGT leverages the Olympic spirit to attract a global audience. Its unique focus on fan engagement and sustainable development makes it an attractive investment during the Olympics.

• OLYMPIC GAMES DOGE (OGD)

The Olympic Games Doge ($OGD) is a rapidly growing community token on the BNB chain, aimed at restoring market trust and providing various benefits to holders.

Main features:

• Community-driven: Focuses on building a strong and supportive community.
• Deflationary token economics: Uses techniques like automatic burning and buybacks to ensure continuous growth.
• Extensive roadmap: Includes new partnerships, exchange listings, staking platforms, NFTs, and large-scale marketing campaigns.

With a clear roadmap and strong community support, $OGD aims to become a beloved and successful project. Its unique deflationary token economics and emphasis on community participation make it a prominent choice for investors seeking long-term growth and stability.

Read More:

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CONCLUSION

The 2024 Paris Olympics provides a unique opportunity to combine sports and cryptocurrency, promoting sports consumption and participation in a decentralized way, increasing fan interaction. However, investors should act cautiously and fully understand the associated risks.

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