According to official news, DEX Overlay Protocol announced that it will launch the OVL token presale on Fjord Foundry on January 13. 88,888,888 tokens will be created at TGE, and the specific distribution is shown in the figure.
According to its disclosed token economics, 52.36% of the tokens are allocated to the community, 39.77% of the tokens are allocated to Founders and Funders, 4.52% of the tokens are allocated to the Overlay Foundation, and 3.36% of the tokens are used for services. The allocated tokens obtained by any insider in the protocol will not be unlocked until 12 months after the project is launched.
In addition, the protocol roadmap will be divided into four main phases, and the team will focus on the first three phases because the fourth phase is still far away:
Phase 1 occurs between TGE and six months after TGE;
Phase 2 occurs between 6 and 12 months after TGE;
Phase 3 occurs between 12 and 24 months after TGE.