The Announcement of Overlay Protocol Listing – A Significant Milestone for cryptocurrency!

The Overlay Protocol token has officially debuted on the MEXC Exchange, enabling seamless trading opportunities for users!

Understanding Overlay Protocol

Imagine Overlay Protocol as an innovative platform for decentralized betting in the blockchain sphere.

• It operates on the Ethereum and Arbitrum networks, serving as the backbone for transactions.

• Participants utilize a distinct token called OVL.

• Users can place bets on various outcomes, including NFT valuations, gas prices, or sports results.

• Winners earn additional OVL coins based on their correct predictions.

• Incorrect guesses result in the permanent loss of your Crypto Assets.

• Transactions and decisions are governed by an autonomous smart contract rather than human oversight.

The Impact on the Crypto Ecosystem

• Elimination of intermediaries – Trading occurs without the necessity of a third party, enhancing efficiency.

• Diverse market options – Users can speculate on a variety of subjects ranging from digital currencies to everyday events.

• Transparent and unbiased – Results are driven by live data from multiple sources, ensuring fairness.

• Empowerment through community – OVL holders can influence platform developments and governance.

Unique Features of Overlay Protocol

• Accurate data integration – It employs oracles to ensure real-time information feeds.

• Dynamic minting and burning – Winning increases your OVL supply, whereas losses lead to the destruction of tokens.

• No direct competition – Users engage directly with the protocol, not against one another.

• Versatile betting options – Engage in predictions about anything from NFT trends to scores in major sporting events!

• Community-driven initiatives – Those who own OVL coins shape future functionalities.

Overlay Protocol’s Development Path (Roadmap)

1. Initial testing phase – Conducted trials with a limited supply of OVL coins.

2. Public IDO event – In mid-2025, tokens were available for purchase at approximately $0.30 each.

3. Token specifications – A capped supply of 800 million OVL, accumulating around $2.8 million through various fundraising efforts.

4. Collaborative partnerships – Joined forces with Pyth Network, rewarding participants with incentives such as airdrops in 2024.

5. Listing on exchanges – As of December 16, 2024, OVL began trading against USDT on the MEXC platform.

The Creator of Overlay Protocol

While individual team members are not publicly disclosed, it is known that:

• Prominent investors backing the project include Parafi Capital, 1kx, and Polychain.

• The platform operates via a community governance model, allowing OVL holders to vote on critical decisions.