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Overlay Protocol (OVL)

Past
Total Raise: $2,910,000
Date: 17 Mar 2021 - 16 Jan 2025

Overlay Protocol is a decentralized platform that enables trading various assets without traditional liquidity providers or market makers. Overlay Market provides a dynamic mint/burn model built around the $OVL token to solve liquidity problems for low-volume assets. 

Overlay Protocol successfully raised $2.22M from Polychain Capital, ParaFi Capital, 1kx, The LAO, MetaCartel Ventures and others.

❗️ ❗️ ❗ IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Overlay Protocol Overview

Ticker: OVL
Country: N/A
Industry: DeFi
Founded: 2021
Whitelist: No
Blockchain Network: Arbitrum
KYC: No
Bounty: Yes
MVP: Yes
Type: IDO
Security Audit: Yes

Overlay Protocol Review

A decentralized platform on Ethereum called Overlay Protocol enables users to create positions on many markets or data streams independently of conventional counterparties. It doesn't need market makers or liquidity providers since it provides markets based on pricing data feeds and non-manipulable and non-predictable data feeds. Users can concurrently set up positions against the protocol or all other OVL holders.

Overlay Protocol provides trading for several types of assets:
 

  • Non-traditional markets, including those for nature and science, e-sports and sports, sneaker pricing, and scalar social-political markets;
  • Non-traditional cryptocurrency markets, such as those that let users place bets on yield rates, social tokens, NFT floors, hash rate, gas, BTC difficulty, etc.
  • And the list continues.

🤑 $OVL is the native token of the Overlay Protocol that enables users to lock $OLV, as collateral, to trade other assets on the platform and vote on governance proposals of the Overlay Protocol DAO. 

 

The CoinLaunch team analyzed the Overlay Protocol and identified some pros and cons to consider before participating in the project testnet or purchasing $OVL tokens: 

✅ Overlay Protocol pros: 

  • Low FDV (25M);
  • Low Inflation Rate (about 13% per year);
  • Confirmed Airdrop;
  • Has several public Security Audits from Top Tier firms; 
  • Outstanding Growth Marketing;
  • Good PR performance and SMM; 
  • High Twitter Score with multiple Influential People as Followers; 
  • Has reputable Tier 1 backers (Polychain Capital) and Tier 1 Partners (Arbitrum).

📛 Overlay Protocol cons: 

  • The last investment round happened 4 years ago; 
  • Bad Influencer Marketing Performance and SEO;
  • Weak Marketing Infrastructure; 
  • No Roadmap;
  • The core team is anonymous.

Overlay Protocol Token Economy

Total Raise: $2,910,000
Total Supply: 88,888,888
Private/Pre-sale: 27,671,110 (31.13%)
Public Sale: 2,453,333 (2.76%)
Fully Diluted Valuation (FDV): $25,000,000
Initial Circulation Supply: $5,100,000 (20.4% of FDV)

Overlay Protocol Token Sale (ICO & IDO) Rounds

Seed: Mar 2021 Past

Price: N/A
Tokens for sale: N/A
Raise: $2,220,000
Lock-Up: N/A
IDO: Jan 2025 Past

Price: $0.281
Tokens for sale: 2,456,940
Raise: $690,420
Lock-Up: 100% TGE
Launchpad: Fjord Foundry logo Fjord Foundry

Overlay Protocol Token Release Schedule

Overlay protocol Vesting

Overlay Protocol Funds and Backers
(3/5)

Submit
Polychain Capital logo
Polychain Capital
Score: Very High
31 numbers of
investment
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1kx logo
1kx
Score: High
11 numbers of
investment
Read More
10 numbers of
investment
Read More
View All

Overlay Protocol Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  14 Jan 2025 Upgrade

Overlay Protocol News

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