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[Product Name Changes]
- OverWallet → OverFlex
- OverNode → OverScape
- OverSpace → OverFlex Market
[OverFlex Market: Launch Expected in October]
OverFlex Market is a platform where you can purchase and resell vouchers in real life. At launch, you will be able to buy and use vouchers from the K-Beauty market, and a point system will be introduced for commerce transactions.
[TGE/Airdrop]
We have been working together to develop OverProtocol and its ecosystem, and TGE and Airdrop are crucial as the first steps toward a successful launch. However, due to changing circumstances, we have decided that our strategy needs to be adjusted.
While we have been delaying the launch to secure successful partnerships, we will be taking a slightly different strategy going forward. To prepare for this new approach, we will postpone the TGE and Airdrop (OverWallet, OverNode, Cryptopedia, Tasks Square, Launch Pools, etc.) to the end of the year or early next year. In the meantime, we will focus on onboarding new users unfamiliar with Web3 to OverProtocol through the OverFlex Market.
We believe this decision will allow our community to build a sustainable network ecosystem and grow together.
[Strategic Adjustments]
Increasing on-chain users is essential for OverProtocol’s success. However, the current blockchain ecosystem faces a crisis where the growth of on-chain users has stagnated. To address this, we plan to launch OverFlex Market, a commerce platform where users can experience real utility, ahead of the protocol.
OverFlex Market is scheduled to launch next month, and with this, we will onboard several benefits to enable more people to experience new financial opportunities within the Over ecosystem. As a result, we have revised and enhanced our strategy to ensure that the OVER token has a clear use case and can increase the utility of the ecosystem when OverProtocol launches.
[Technical Enhancements]
We have been working to provide a “validator experience that anyone can participate in without barriers.” Throughout three testnets, we’ve implemented various improvements and worked on tasks such as push notifications, synchronization enhancements, and UX/UI improvements to ensure stable validator operations.
However, we have determined that a more significant change is needed to build a stable network and create a sustainable ecosystem with only individual validators (solo stakers). To address this, we will pre-implement Ethereum’s upcoming EIP-7251 (Validator Staking Limit Adjustment) and enhance the Geth and Prysm clients to offer a “validator experience that anyone can participate in without barriers.”
[Online Meet-up]
On October 8th, we will host an online meet-up on OverProtocol’s official Twitter Space. If you have any questions, please submit them through the pre-survey linked below!
Pre-Survey Form Link
We are dedicated to building a protocol ecosystem that allows everyone to participate in and contribute to the Web3 space while experiencing tangible utility. We regret any disappointment caused by the delays, but we value your understanding and support, as these decisions are made for our shared success. We will provide further updates based on our revised strategy.
Thank you!
Major Updates and Schedule Announcement was originally published in Over Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
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