Dear HashKey Global Clients,
HashKey Global is excited to announce the 20th project on HashKey Launchpool - OverProtocol (OVER)!
Users will be able to earn OVER tokens for 3 days based on their net positions in futures or OVER tokens locked. Users with futures positions can start registering for Futures Mining Pool and locking their OVER in OVER Mining pool starting from Jan 13th, 2025, 02:00 (UTC). Yield will be generated starting from Jan 14th, 2025, 10:00 (UTC).
OVER Launchpool Details:
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Token Name: OverProtocol (OVER)
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OVER Token Supply: 1,000,000,000 OVER
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Launchpool Token Rewards: 1,160,000 OVER
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Smart Contract Details: OverProtocol (OVER)
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Participation Terms: KYC required
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Launchpool Period (3 days): Jan 14th, 2025, 10:00 (UTC) - Jan 17th, 2025, 10:00 (UTC)
Supported Pools:
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Futures Pool
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Total Rewards: 580,000 OVER in rewards
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Minimum Holding Value of Net Futures Positions: No requirement
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Maximum Holding Value of Net Futures Positions: 300,000 USDT
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OVER Pool
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Total Rewards: 580,000 OVER in rewards
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Minimum Locking Amount: 170 OVER
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Maximum Locking Amount: 170,000 OVER
Your Hourly Yield For Futures Pool = [(The Value of your Net Futures Positions) / (Total Value of Net Futures Positions of All Participants)] × (Hourly OVER Prize Pool)
Net Futures Positions = | Σ(Values of long positions) - Σ(Values of short positions) |
APR = Estimated Mining Rewards / Margin balance in the user's futures account.
Your Hourly Yield For OVER Pool = [(The Amount of OVER you locked) / (Total Number OVER locked by All Participants)] × (Hourly OVER Prize Pool)
Note:
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Users need to have net futures positions to be eligible for yield calculation. Users must click the "Sign Up" button on the Launchpool page to participate. After signing up, all net futures positions will be used for Launchpool mining.
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HashKey takes hourly snapshots of user net futures / locked position and the total user net futures / locked position in the mining pool to calculate users' mining rewards. Once sighed up / locked, your hourly yield will be automatically calculated.
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The yield you earned will be deposited into your Custody Account every 24 hours after the Launchpool starts. Your yield will be refreshed hourly. Locked assets can be unlocked anytime. No yield will be generated on the hour you withdraw your locked tokens.
Invitation Prize
Invite friends to grab an extra 25,000 OVER prize pool!
Inviters will get 125 OVER per invitee for successfully joining the launchpool. First come first served.
About OverProtocol (OVER)
Introduction:
OverProtocol is a blockchain network committed to fostering a truly decentralized ecosystem, allowing anyone to serve as a validator.
Asset Name: OverProtocol
Ticker: OVER
Learn more about OVER here:
Terms and conditions
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The yield earned will be deposited into clients' Custody Account every 24 hours after the Launchpool starts. Clients' yield will be refreshed hourly.
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Locked assets can be unlocked anytime. No yield will be generated on the hour when clients withdraw their locked tokens.
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Clients participating in the campaign should abide by all rules and guidelines. Any behavior that may be inconsistent with the rules or affect the experience of other clients (as determined by HashKey Global in its sole discretion) will result in disqualification from participating in the campaign and the cancellation of rewards obtained during the campaign. Violations include opening multiple accounts and other activities suspected of being illegal, fraudulent, or harmful.
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HashKey Global reserves all rights to interpret the campaign terms. Please stay tuned for further announcements from HashKey Global.
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By opting to participate in any campaign, you confirm that you have read, understood, and agreed to abide by the campaign rules and terms, along with any applicable disclaimers and risk warnings, including without limitation our Terms and Conditions for Promotional Campaigns and our Standard Disclaimers.
HashKey Global
HashKey Global is a digital asset trading platform operated by HashKey Bermuda Limited under a Type F license granted by the Bermuda Monetary Authority. This information does not constitute an offer, solicitation, or recommendation for any investment product. Investing and trading virtual assets involve risks. HashKey Global does not service users from Hong Kong, United States, Mainland China and certain other jurisdictions in compliance with laws and regulations. Certain services, features, and campaigns may not be available in your jurisdiction.
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