Announcements Initial Listing: Gate to List Overlay Protocol (OVL) Spot Trading and Launch HODLer Airdrop

Initial Listing: Gate to List Overlay Protocol (OVL) Spot Trading and Launch HODLer Airdrop

2025-08-12 09:12:31 UTC 75226 Read

OVL/USDT -0.18%

[//]:content-type-MARKDOWN-DONOT-DELETE
Gate will list Overlay Protocol (OVL) for spot trading and launch a limited-time HODLer Airdrop (#281). Users holding at least 1 GT can share 95,239 OVL tokens for free.

The HODLer Airdrop is exclusively for GT holders. After the Overlay Protocol (OVL) airdrop concludes, no funds will be deducted from participants.

**Airdrop Details**
**HODLer Airdrop Ending Time: August 14, 2025, 07:00 (UTC)**
Total Supply: 95,239 OVL
Unlocking Rule: Unlock 100%
**Trading Starts: August 14, 2025, at 09:00 (UTC)**
Trading Pair: OVL/USDT

**Participation Rules**
Complete identity verification and hold at least 1 GT to share the total reward pool based on your GT holdings’ snapshot proportion.
The maximum participation limit for each user in this event is 2000 GT.
How to Claim the Airdrop: Log in and complete <a href="https://www.gate.com/myaccount/kyc_home" target="_blank">identity verification</a> → Go to <a href="https://www.gate.com/launchpool" target="_blank">Launchpool</a>, select HODLer Airdrop → Hold at least 1 GT → Click [Join Now]
<a href="https://www.gate.com/help/launch/hodlerairdrop/44574/hodler-airdrop-faq" target="_blank">HODLer Airdrop FAQs</a>

**About Overlay Protocol (OVL)**
Overlay is building the first decentralized data derivatives protocol. This makes real-world metrics tradable — from ETH burn to Twitch stats, CS2 skins, temperature, and even adult content trends — all on-chain and counterparty-free.
Overlay utilizes a dynamic mint/burn model built around the $OVL token to enable counterparty-free trades, eliminating traditional limitations of two-sided liquidity required for similar product classes in the past. With this model, the liquidity problem besetting long-tail assets and exotic markets is solved.

Token Name: OVL
Token Symbol: OVL
Max Supply: 1,000,000,000
Token Type: BEP-20
Token ID: https://bscscan.com/token/0x1F34c87ded863Fe3A3Cd76FAc8adA9608137C8c3
Token Distribution Ratio and Unlocking Rules:
Pre-seed and Seed 28.10333%: 0% unlock at TGE, 12 Months cliff, linear vesting over 12 Months
KOL’S 3.60742%: 16% unlock at TGE, 3 Months cliff, linear vesting over 15 Months
Foundation 22.47647%: 3.91% unlock at TGE, 12 Months cliff, linear vesting over 12 Months
Users 4.19%: 7.7% unlock at TGE, no cliff, linear vesting over 12 Months
DAO 30.33333%: 22.99% unlock at TGE, 6 Months cliff, linear vesting over 48 Months
Public 4.62277%: 58.7% unlock at TGE, 6 Months cliff, linear vesting over 12 Months
T1 Cex’s 6.66667%: 15% unlock at TGE, 6 Months cliff, vesting 30%, 55% on hold
Official Website: https://overlay.market/#/
Whitepaper: https://redrct.overlay.market/whitepaper

**Gate Labs Investment Disclosure**
Gate Labs did not invest in Overlay Protocol (OVL).

**Notes**
1. GateToken (GT) is the unique exchange token of Gate exchange and the native token to the Gatechain public chain. Hold GT now: https://www.gate.com/trade/GT_USDT
2. Please complete <a href="https://www.gate.com/myaccount/kyc_home" target="_blank">identity verification</a> before participating in Startup to enhance the security of your account and assets.
3. Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.
4. Where any discrepancy arises between the translated and original English versions, the English version shall prevail.
5. Gate reserves all rights to the final explanation.
6. Users in the United Kingdom and other Restricted Locations cannot access the Services (including participating in this event, game, or competition). See the <a href="https://www.gate.com/legal/user-agreement" target="_blank">User Agreement</a> for further details on Restricted Locations.

**Risk Warning**
1. The HODLer Airdrop project is a blockchain startup and is still in its early stages. The project operation, underlying technology, and legal environment may pose significant risks.
2. The project team does not guarantee that the token price will not be lower than its sale price. Please invest with caution, and don’t invest beyond your financial capacity.
3. The HODLer Airdrop project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
4. Advanced technical and financial knowledge is required to understand, and evaluate the inherent risks of crypto-asset investment.
5. The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and market factors.

<sp>
Gate Team
August 12, 2025
<sp>
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Initial Listing: Gate to List Overlay Protocol (OVL) Spot Trading and Launch HODLer Airdrop

Initial Listing: Gate to List Overlay Protocol (OVL) Spot Trading and Launch HODLer Airdrop

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