What Is Olas (OLAS) and How Does It Work?
Olas (OLAS) is a decentralized protocol designed to power autonomous
AI agents on blockchain networks. It provides the infrastructure for developers to build, deploy, and coordinate on-chain agents that can perform tasks, interact with smart contracts, and transact value without constant human intervention. Originally known as Autonolas, the project focuses on creating a shared economy where AI agents are owned, governed, and monetized collectively rather than controlled by centralized platforms.
Olas works by combining off-chain agent logic with on-chain coordination. Agents run their intelligence off-chain for efficiency, while key actions, such as payments, coordination, and governance, are settled on-chain using smart contracts. The protocol supports multi-chain deployment, allowing agents to operate across ecosystems like
Ethereum and
Layer-2 networks. This architecture enables agents to cooperate, form services, and reliably execute tasks such as DeFi operations, data coordination, and automated workflows.
The OLAS token sits at the core of the ecosystem. It is used to bootstrap and incentivize agent services, align developers and users, and power governance through staking and voting mechanisms. By staking OLAS, participants help secure and guide the network, while agents use the token for coordination and economic interactions. This design allows Olas to function as an open, permissionless “agent economy,” where AI services can scale transparently and sustainably on-chain.
When Did Olas Network Launch?
Olas began as Autonolas, a pioneering project at the intersection of blockchain and autonomous AI, founded in 2022 by David Minarsch and David Galindo, with a vision to enable true co-ownership and monetization of AI agents on-chain. The team released the Olas whitepaper in early 2023, outlining how decentralized autonomous agents could coordinate tasks and create economic value without centralized intermediaries. OLAS’s public token launch occurred via a Liquidity Bootstrapping Pool (LBP) on July 12, 2023, marking its first live trading on Ethereum and kick-starting agent economies across multiple networks.
Olas Network Roadmap Highlights
- 2022: Olas (then Autonolas) DAO established and whitepaper work begins.
- January 2023: Whitepaper released, formalizing the protocol architecture.
- July 12, 2023: OLAS token publicly launched via LBP on Ethereum.
- 2024: Layer-2 deployments and the launch of Proof-of-Active-Agent (PoAA)
staking models.
- 2025: Launch of Pearl AI Agent App Store and Mech Marketplace, unlocking broader agent monetization.
What Is the OLAS Token Used for?
The OLAS token is the core utility and governance asset of the Olas ecosystem. It is used to bootstrap and coordinate autonomous AI agents, incentivize developers and service operators, and align economic activity across agent-based services. OLAS also powers governance through staking and voting, allowing holders to influence protocol upgrades, funding decisions, and the evolution of the decentralized agent economy. In addition, OLAS is used in mechanisms such as bonding, rewards, and Proof-of-Active-Agent models that encourage real usage rather than passive speculation.
You can trade OLAS tokens on the
BingX Spot Market by selecting the
OLAS/USDT trading pair. Simply fund your BingX account with
USDT, search for OLAS in the Spot trading section, and place
market or limit orders using BingX’s real-time charts and order book to execute your trades efficiently.
What Is Olas Network Tokenomics?
The OLAS token powers the economic and governance layer of the Olas ecosystem. Its tokenomics are designed around vote-escrow governance, controlled emissions, and usage-based rewards, ensuring that new supply is closely tied to real network activity rather than passive holding.
OLAS Token Supply and Allocation
- Circulating Supply: 236,102,957 OLAS
- veOLAS (Vote-Escrowed): 108,922,720 OLAS - Locked OLAS used for governance voting and long-term alignment
- DAO Treasury: 74,751,929 OLAS - Funds ecosystem growth, grants, and protocol development via DAO governance
- Valory (Core Contributor): 52,924,008 OLAS - Allocated to the core development team building and maintaining the protocol