Over Protocol: The token plan will be announced before the public testnet in the second quarter of this year

2024-01-15 18:51:56

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ChainCatcher news, Layer1 blockchain lightweight node protocol Over Protocol announced that the token plan will be revealed before the public testnet in the second quarter of this year. Officially released screenshots indicate a tentative total token supply of 1 billion, with the community access plan (OCAP) accounting for 15% of the total token supply, which will be used for airdrops to early participants and contributors, and the airdrop formula for OverWallet and OverNode will be released before the mainnet launch. Additionally, staking rewards will account for 40%, to be gradually distributed over the next 10 years.

Previously, in July 2023, Over Protocol developer Superblock completed a total fundraising of 8 million dollars through two financing transactions, with investments from SK, Netmarble, DSC, E&Investment, Schmidt, Spring Camp, and NaverZ.

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