Overlay Protocol

A decentralized platform on Ethereum called Overlay Protocol enables users to create positions on many markets or data streams independently of conventional counterparties. It doesn't need market makers or liquidity providers since it provides markets based on pricing data feeds and non-manipulable and non-predictable data feeds. Users can concurrently set up positions against the protocol or all other OVL holders.

Overlay Protocol provides trading for several types of assets:
 

• Non-traditional markets, including those for nature and science, e-sports and sports, sneaker pricing, and scalar social-political markets;
• Non-traditional cryptocurrency markets, such as those that let users place bets on yield rates, social tokens, NFT floors, hash rate, gas, BTC difficulty, etc.
• And the list continues.

🤑 $OVL is the native token of the Overlay Protocol that enables users to lock $OLV, as collateral, to trade other assets on the platform and vote on governance proposals of the Overlay Protocol DAO. 

The CoinLaunch team analyzed the Overlay Protocol and identified some pros and cons to consider before participating in the project testnet or purchasing $OVL tokens: 

✅ Overlay Protocol pros: 

• Low FDV (25M);
• Low Inflation Rate (about 13% per year);
• Confirmed Airdrop;
• Has several public Security Audits from Top Tier firms; 
• Outstanding Growth Marketing;
• Good PR performance and SMM; 
• High Twitter Score with multiple Influential People as Followers; 
• Has reputable Tier 1 backers (Polychain Capital) and Tier 1 Partners (Arbitrum).

📛 Overlay Protocol cons: 

• The last investment round happened 4 years ago; 
• Bad Influencer Marketing Performance and SEO;
• Weak Marketing Infrastructure; 
• No Roadmap;
• The core team is anonymous.