Over Protocol(OVER) Startup Mining Initial Offering on Gate.io

OverProtocol(OVER) is now live on Gate.io Startup Mining! Stake supported assets to earn OVER token rewards every hour!

1.Introduction to OverProtocol(OVER)

OverProtocol is a Layer 1 blockchain that enables individuals to run full nodes on their personal computers. Through the OverScape app, anyone can participate as a validator without requiring specialized knowledge. By reducing reliance on institutional validators, OverProtocol creates new financial opportunities and aims to establish a stable, global P2P financial network. Users can validate transactions, propose blocks, and earn native OVER tokens as rewards.

2.OverProtocol(OVER) Mining Rules:

(1) Staking period: 10:00 AM on December 13th - 10:00 AM on December 16th(UTC), 2024

(2) Trading starts time: 10:00 AM December 16th, 2024(UTC)

(3) Startup Mining allocation: 615.000 OVER

(4) Unlocking Rule: 100% Unlock

3.Reward Calculation and Distribution

(1)The system will take multiple snapshots of personal staking amounts hourly, and take the average staking amount as the valid staking amount. Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool

(2)Token rewards will be distributed into the spot accounts of eligible users hourly.

(3)Users can join USDT and GT Staking Pool at the same time to earn rewards from USDT and GT pool separately.

4.Token Information:

(The information below is provided by the Over Protocol(OVER) team. Please follow the website for more information)

(1) Token name: OverProtocol

(2) Token symbol: OVER

(3) Max Supply: 1.000.000.000 OVER

(4) Token type: Mainnet

(5) Token Contract: https://scan.over.network/

(6) Token Distribution and Unlocked Rules:

Community Reserve (Staking Rewards): 300.000.000 , 30%, Staking rewards are released every block

DAO Treasury: 100.000.000. 10%, 10 years of linear vesting per block

Core Contributor: 150.000.000. 15%, 18 month linear vesting per block (75%) with 6 month cliff (25%)

Investors: 100.000.000. 10%, 18 month linear vesting per block (75%), with 6 month cliff (25%)

Over Technologies: 100.000.000. 10%, TGE (20%), 18 month linear vesting per block (60%), with 6 month cliff (20%)

Over Foundation: 100.000.000. 10%, TGE (20%) , 18 month linear vesting per block (60%) with 6 month cliff (20%)

Over Community Access Program (OCAP): 150.000.000. 15%, No vesting

(7) Website: https://over.network/

(8) Whitepaper: https://docsend.com/view/k9wp8p6srir98sm4

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