Announcing the conclusion of the new round of WE-Launch: OVL(Overlay Protocol).
The result is as follows:
Total Prize Pool: 29,630 OVL
Total Value of Commit: 488,528,239 WXT
Total Valid Committed Quantity: 621,820,513 WXT
Number of participants: 25,892
Number of qualified participants: 23,674
*To guarantee transparency and fairness, all original records are stored for possible third-party auditing.
📅 Event Period: 2025-08-12 10:00 (UTC+0)~2025-08-15 10:00 (UTC+0)
【OVL(Overlay Protocol) Introduction】
Overlay is building the first decentralized data derivatives protocol. This allows real-world metrics—from ETH burns to Twitch data, CS2 skins, air temperature, and even adult content trends—to be traded on-chain, without a counterparty.
Overlay utilizes a dynamic minting/burning model based on the $OVL token, enabling counterparty-free transactions and breaking the bilateral liquidity constraints previously required for similar product categories. This model addresses the liquidity issues that plague long-tail assets and heterogeneous markets.
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Related information:
WEEX WE-Launch - OVL (Overlay Protocol) Listed & 29,630 OVL Airdrops!