Over is based on two main protocols, Ethereum/Polygon and IPFS. While Ethereum/Polygon is the base layer granting the ownership of OVRLand and the circulation of the hard-capped OVR Token, IPFS will allow for decentralized storage of the Over Experiences.
In order to grant AR assets availability, bandwidth, and low latency to the final user, Over designed an incentive system for the Over Nodes – IPFS maintainers – and its stakers. Staking will grant a vested interest of the nodes and of the voters on the performance of the network.
In order to operate an Over IPFS Node, the minimum direct staking requirement is 500.000 OVR. OVR Token owners that do not directly operate an Over IPFS Node will be able to vote for their preferred node by staking their tokens to the chosen Node.
Nodes will be scored by two metrics with 50% weight each:
The number of tokens directly and indirectly staked to the node
The resources deployed by the node in terms bandwidth and latency
During the first 3 years since the launch of the platform Over will grant rewards to the Nodes and to the stakers by using a fund that has been reserved from the Hard Cap total emission*, no inflation will be created in order to subsidize the Nodes and Voters staking.
Subsidy from Over will be gradually replaced by hosting fees distributed to the nodes and to the voters/stakers while the platform is growing.
Rewards granted to Over Nodes for the first 3 years will be 6% APR of their staking plus a bonus depending on their ranking position. Rewards granted to Over Voters/Stakers for the first 3 years will be a 5,5% APR.
Please refer to Public Sale chapter for more details on the reserved tokens to subsidize nodes and stakers