BingX Launchpool Is Launching OverProtocol (OVER): Stake USDT & BTC to Grab 400,000 OVER Tokens for Free

BingX Launchpool is about to list OverProtocol (OVER). OverProtocol is a new Layer 1 mainnet designed to make blockchain accessible to everyone. It streamlines the entire blockchain stack, covering credential transactions, wallets, nodes, and validators, allowing anyone to use it with ease. OverProtocol empowers everyone to explore new P2P financial models without needing any specialized knowledge. Bring blockchain innovation into your daily life with OverProtocol.

OVER Launchpool Schedule:

Staking Time: 2024-08-31 07:00 to 2024-09-03 07:00 (UTC)

Listing Date: Please refer to the upcoming listing announcement for exact time (expected by the end of September)

OVER Launchpool Details:

Token Name: OVER

Project Type: Layer 1

Website: https://over.network/

X: https://x.com/overprotocol

Event Rules:

There are four core stages in BingX Launchpool: token staking, reward calculation, reward issuance and Spot listing.

1. Token Staking

   1. First, log in to your BingX account and ensure you've completed advanced KYC verification. Users in restricted regions won’t be able to join Launchpool.

   2. During the staking stage, stake the corresponding token between 2024-08-31 at 07:00 and 2024-09-03 at 07:00 (UTC) to join the Launchpool.

   3. Your staked tokens can be retrieved from the Launchpool project at any time.

2. Reward Calculation

   1. Three snapshots of each participating user's staked tokens will be taken every hour to determine the amount staked during that hour and allocate rewards accordingly. Here's the calculation formula:

      • Hourly Reward = (User's average hourly staked token amount ÷ platform's average hourly staked token amount) x (daily reward limit ÷ 24)

      • Hourly earnings are affected by the "tick size" of the crypto. If your staked asset is too small in relative to the total staked assets on the platform, the reward amount may fall below the "minimum issuance threshold" for that crypto. Consider increasing your staking amount to ensure you qualify for the reward.

3. Reward Issuance

   1. Launchpool rewards are issued to participating users hourly. The system calculates the "hourly reward limit for users" based on their "daily reward limit". This ensures fair earnings for all participating users.

      • Since there are "daily reward limit" and "hourly reward limit for users", no matter how much you stake, you won't be able to earn more token rewards beyond the set limit.

   2. If User A stakes at time T, the system will issue the reward at T+1. (For instance: User A stakes at 10:00, and the system has taken three snapshots of the User A's staked amount during that hour. User A will receive the staking rewards at 11:00.)

4. Spot Listing

   1. Please refer to the upcoming OVER/USDT listing announcement for the exact time (expected by the end of September).

   2. After the OVER Launchpool, your staked tokens will be automatically returned to your Fund Account.

Join Launchpool

See Also:

BingX Launchpool Introduction & User FAQ

Terms & Conditions:

1. Participants are required to complete advanced KYC verification to eligible for the event.

2. All non-individual accounts, such as market makers and brokers, cannot participate in the Launchpool.

3. Any users involved in illegal or malicious activities, such as fraud, participating with multiple accounts, reward farming, will be disqualified and have their rewards revoked.

4. BingX reserves the right to the final interpretations of this event, including any modifications, updates to terms, or cancellations.

5. BingX will assist users in handling issues related to Launchpool. For any questions, please reach out to our online support for assistance.

6. The project information, launch plan, and more are provided by the project team. BingX will notify any changes made during the event in a separate announcement.

Risk Warning:

Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.