OverProtocol Mainnet Activation

OverProtocol, a Layer 1 blockchain, has successfully activated its mainnet on September 4th. This launch marks a significant milestone in the project's journey to simplify access to decentralized finance.

The core development team, Superblock, has raised $8 million in funding to focus on node optimization techniques and build a comprehensive ecosystem. Their goal is to lower the entry barriers for everyday users.

HangOver Event at KBW 2024

To commemorate this achievement, OverProtocol, in partnership with leading crypto industry companies GSR and Jambo, will host an event named 'HangOver' on September 5th.

Hangover is anticipated to be one of the most exciting side events at KBW 2024, Korea's premier cryptocurrency event. This celebration marks the mainnet launch and aims to gather the crypto community to discuss future possibilities.

Pre-Launch Success

Before the mainnet launch, OverProtocol ran two testnets that attracted over 700,000 participants. These participants engaged in Palm Staking via the OverWallet app, allowing mobile crypto staking on the blockchain.

Additionally, more than 40,000 users operated OverNode, a lightweight node client, on their personal computers, acting as validators on the blockchain network through Home Staking.

"OverProtocol aims to create a user-friendly environment where anyone can easily participate in new P2P financial systems without requiring specialized expertise."

Upcoming Updates and Airdrop

Following the mainnet activation, OverFlex and OverScape, two critical ecosystem applications, will be updated at the end of September.

OverFlex is a super app that combines OverWallet with a marketplace for Real-World Assets (RWA). It is expected to be central to OverProtocol's vision. OverScape, the rebranded version of OverNode, symbolizes the start of a new P2P internet era integrated with finance, reminiscent of how the Netscape browser revolutionized personal internet access.

In addition, a large-scale airdrop will occur after the updates at the end of September. Ben (Jae-Yun) Kim, the founder of OverProtocol, mentioned that this airdrop will reward community members who have contributed to the ecosystem over the past year.

Following the airdrop, various community events will be organized to create a blockchain environment everyone can experience and enjoy daily.