Over’s token distribution plan will be unveiled before OBT Season 2.
Today, we will first disclose the Total Supply and Community parts (OCAP & Staking Rewards) that the community is most curious about.
Further details will be released sequentially, so please stay tuned for the next notice.
Total Supply
The total supply of Over is 10 billion (10,000,000,000).
Community (40%)
OCAP (15%)
OCAP facilitates the distribution of OVER in various ways, such as airdrops for early community members and contributors, as well as through liquidity provision. The goal is to make participation in OverProtocol accessible to those who share our vision. The allocation within OCAP could be adjusted based on future launching plans within OverProtocol. Further updates will be provided in due course.
The airdrop formula for Quest 1 (OverWallet) and Quest 2 (OverNode) will be announced prior to the mainnet launch.
Staking Rewards (40%)
A significant portion, 40% or 400 million OVER tokens, will be distributed over 10 years. The issuance plan for this decade is based on mathematical modeling, taking into account ideal demographics, including the time series participation of validators. Validators are especially important for the security and stability of the network.
Core Contributors (TBA)
Investors (TBA)
Over Foundation (TBA)
Development Company (TBA)
Over’s Token Distribution Plan Ver 0.1: My Perspective as one of the contributors
Over’s recently disclosed token distribution plan has generated considerable interest within the community, particularly among early contributor like myself. As someone who has been actively participating in the OverProtocol ecosystem, I am excited about the opportunities that this plan presents.
The allocation of 40% of the total supply to the community, with a significant portion dedicated to staking rewards, demonstrates the Over team’s commitment to rewarding those who contribute to the network’s security and stability. This is a positive step towards ensuring the long-term sustainability and growth of the OverProtocol ecosystem.
The staking rewards program, in particular, has captured my attention. The distribution of 400 million OVER tokens over 10 years, based on a mathematical model that considers the time series participation of validators, is a well-thought-out approach to incentivizing node operation. This program will undoubtedly attract individuals and organizations to run nodes, thereby enhancing the network’s security and stability.
As a phone miner, I am particularly interested in the potential income-generating opportunities presented by the staking rewards program. The sustainable source of income provided by this program will help to cover the costs associated with running a node, such as hardware, electricity, and maintenance. This is a significant incentive for individuals like myself who are dedicated to contributing to the OverProtocol ecosystem.
Overall, I believe that the Over token distribution plan is fair, equitable, and designed to encourage participation in the network. I am confident that this plan will contribute to the long-term success of OverProtocol and position it as a major player in the blockchain industry.
I am grateful for the opportunity to be a part of the Over community and to contribute to the growth and development of the OverProtocol ecosystem. I look forward to witnessing the transformative impact that OverProtocol will have on the way we interact with the internet.
Interested in joining Over Protocol? Simply click the link below to start mining it for free.