(OGP 26)- Restructure of Overlay Protocol Launch with New OVL Mechanics

Proposal includes;

1-Delaying full launch as much as possible for better readiness and stability. 2-Conducting a new -and final- private beta by inviting new users from DYDX, GMX and AEVO while having more feedback and bug identification. 3-OVL to become non-transferable, to enhance the private beta experience. 4-New OVL token contract with recalibrated token supply (800 million, 100:1). 5-Existing circulating OVL tokens to be locked in a smart contract until full launch for fairness in private beta. (Every participant will start with exactly same amount of OVL). 6-Bonus for existing OVL holders at full launch (111x more OVL instead of 100). 7-Deprecation of NIP staking and Power NFT cards discussion for later. 8-100 OVL per wallet claim for final private beta; for previous Overlay users, and for previous DYDX, GMX, and AEVO users. Limited to 20,000 wallet, FCFS. 9-Introducing a points system (similar to friend tech) to incentivize user engagement and good trading practices before full launch. 10-Points will get great rewards at full launch.

and more.

Note: The snapshot for the final private beta whitelist has already been taken. Overlay Foundation will proceed with the necessary actions if the proposal passes.

Discussion is linked below.