How to participate in the Overlay Protocol IDO

IDO LIVE ON FEBRUARY 29th

Polkastarter
Polkastarter

Get ready for the Overlay Protocol IDO!

We announced Overlay Protocol IDO at the end of 2023 and ever since community hype and support has been off the charts.

We’re grateful to everyone who has applied and can’t wait to bring many more of you on board as Overlay’s early supporters! The allowlist is now closed, and pre-selected users were contacted via email - keep an eye on your inbox 👀. All the pre-selected users are required to complete the KYC. Without it, their entries will be disqualified, and their admission to the IDO will be revoked.

There are 2 ways to complete the KYC process:

1️⃣ Keep an eye on your inbox for an email from the Overlay team that will hold the KYC link. Be careful: Always double-check the email's authenticity - [email protected].

2️⃣ When your application status changes to 'KYC open,’ users can do the KYC straight from the Dashboard. Just click on the 'KYC open' status.

Worried about how to check your application status? We’ve got you, here’s an article with all the details.

Now, let's talk about Overlay Protocol sale details.

All the information you need about the sale:

Public Sale for Overlay Protocol

Allowlist close date

January 21st

Lottery date

January 22nd

IDO Date

February 29th

Public Sale token price (IDO price)

$0.0200

Extended Seed token price

$0.0313

Token Ticker

$OV

What do you need to buy the token

ETH on Arbitrum

Total IDO raise

$500,000

Allocated Supply for Polkastarter

3.125%

Allocation based on POLS Power

$100 to $800

Fully Diluted Valuation

$16,000,000

Initial Market Cap (at TGE)

$1,082,862

Initial Market Cap (Excluding MM)

$582,862

Token Release schedule

25% at TGE, then 25% monthly over 3 months

>Important<

This sale has an (experimental) updated Tier and Allocation system. First snapshot has been taken, second one happens at the time of sales. Your tier is fixed at the first snapshot at the time of the lottery.

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Learn more about the vesting schedules and allocations in the Overlay Protocol Tokenomics Announcement.

If you're scratching your head about how to dive into an Arbitrum sale during a Polkastarter IDO (including bridging instructions), head over to our dedicated blog post. And if you're new to the Arbitrum Network, we've got a guide on how to add it to your MetaMask

About Polkastarter
Polkastarter is the leading early-stage fundraising protocol enabling web3’s most innovative projects to kick-start their journey and grow their communities. Polkastarter allows its users to make research-based decisions to participate in high-potential public sales.

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IDO