The much-awaited airdrop of the Over Protocol is scheduled to begin on December 16, 2024. The airdrop event allows you to increase your engagement with the Over Protocol and gain token rewards and recognitions for the same. The schedule for the airdrop and the related events for Over Protocol are given below.
- 13 Dec, 05:00 AM: Nethers on Arbitrum Trading Ends
- 14 Dec, 05:00 AM: OverScape Launch
- 16 Dec, 00:00 AM: Nethers Bridging Starts
- 16 Dec, 01:00 AM: Airdrop Claim Opens
In this article, you will read more about the Over Protocol and ways to boost your token earnings at the upcoming Over Protocol airdrop.
What is Over Protocol?
Over Protocol is a blockchain network that leverages participation to facilitate growth and growth to increase participation in the protocol. Consistent participation in the protocol is enabled through various procedures to do away with the technical and economic barriers. Over Protocol provides a simple and easily accessible platform that offers many advantages to its users.
- Over Protocol’s lightweight nodes and the Ethanos-based data hierarchy ensure that the protocol is accessible to all participants.
- The Proof-of-Stake (PoS) consensus mechanism used by Over Protocol ensures the inclusion of all participants.
- Over Protocol follows decentralized governance where all participants can vote through a transparent DAO Treasury.
- Over protocol also supports ERC-20 and ERC-721 standards that support EVM compatibility and easy migration of Ethereum-based apps to Over Protocol.
More About the OVER Token
OVER tokens, being the native currency of the OVER protocol, facilitate sustainability, inclusivity, and growth of the participants and investors. The token distribution of OVER tokens ensures security, decentralization, and accessibility to all participants.
The tokenomics of OVER tokens is designed in such a way that timely disbursal of economic rewards and incentives is ensured. Its role in staking and transaction fees supports the long-term sustainability of the network. The token staking mechanism ensures that the validators act according to the interests of the platform.
OVER tokens facilitate the key functions of the Over Protocol.
- Network Security: Validators ensure the security of the network by staking their OVER tokens and participating in the protocol’s Proof of Stake (PoS) consensus mechanism.
- Transaction Fees: OVER tokens are used to pay the transaction fees. These fees are partially allocated to the Over Protocol’s DAO treasury.
- Incentives and Rewards: The participants and validators are rewarded OVER tokens for their contributions to the protocol. Such rewards and incentives help ensure consistent participation of the users and validators.
The OVER tokens are distributed in the following manner to account for the various use cases.
- Staking Rewards: 30%
- DAO Treasury: 10%
- OCAP: 15%
- Over Technologies: 10%
- Over Foundations: 10%
- Investors: 10%
- Core Contributors: 15%
How to Become Eligible for Over Protocol Airdrop?
Many methods such as home staking, palm staking, and pool staking help boost the points you earn to gain eligibility for the Over Protocol airdrop. In-home staking, you can run your node and staking rewards and bonus rewards. You can stake a minimum of 256 OVER tokens on your PC and get performance-based rewards.
In palm staking, you start earning points from the first day by claiming and staking the OVER tokens consistently. There is no minimum or maximum requirement for the amount of OVER tokens to be staked. You are also made eligible for consistent rewards.
In pool staking, you earn a reward every time a swap happens. The swap happens between OVER and USDT tokens. You can add your earnings to the pool or withdraw your earnings whenever you want.
The Bottom Line
Over Protocol and its native OVER tokens have been a seminal presence in the blockchain and crypto industry. The growth of the protocol is driven by constant participation. As the participation increases, growth also increases. As the platform grows, more and more users and validators will participate in the activities of the platform.
Over Protocol’s airdrop is an exciting opportunity to get the rewards for your participation in the development of the protocol. Keep staking the OVER tokens and participate in the protocol’s development activities to get maximum rewards and benefits during this season of Over Platform airdrop.
