Two kinds of tokens, one ecosystem

OVR Token Economics it’s based on the utilization of 2 different kinds of tokens, OVRToken and OVRLand. OVRToken is a fungible token (ERC-20) that will be distributed during the IBCO and will be the only mean of exchange of value inside the platform. The OVR Token is used to interact with the platform in the following ways:

  • Governance

  • Buy OVRLand

  • Stake for nodes and liquidity mining

  • OVRLands Mapping incentivisation

  • Buy products on Over marketplace to create your own OVR experience

  • Pay an OVRCreator to build an Over Experience for you

  • Get paid in OVR by users that want to interact with the experience

  • User may pay to make the experience start

  • User may pay to buy products from OVRExperiences

  • Get paid by advertisers

  • Virtual space rent

  • Pay per view/interaction

  • Pay for virtual goods

  • Use all services present on the Over platform and marketplace

OVRLand it’s a non-fungible token (ERC-721) that will represent the ownership of Virtual Lands. The first opportunity to use OVRTokens will be the OVRLands acquisition*.

Please refer to chapter OVRLands Token First Acquisition Mechanic for more details.

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