Over, a Proprietary Trading Platform, Plans to Raise $250,000 through MetaDAO

The proprietary trading platform Over plans to raise funds through MetaDAO, with a minimum fundraising amount of $250,000. Token holders can participate in treasury management, and the unlocking of team tokens is linked to performance. Over claims to be the first proprietary trading platform on Solana owned by traders, with ownership arrangements covering intellectual property and protections for token holders in the event of acquisition. Users can choose the scale and maximum loss of simulated cryptocurrency or stock perpetual accounts, paying fees daily in USDC, and can apply to withdraw 80% of qualified simulated profits after meeting conditions. The longer the account is active, the higher the withdrawal limit. Initial market data comes from Hyperliquid and Phoenix, with daily fees adjusted according to the coverage ratio of compensation reserves and demand, and surpluses counted towards reserves. Over also plans to allow third parties to run proprietary tasks on the same chain with evaluation and risk control systems. The team consists of founders with operational backgrounds, managing assets close to $1 billion, and having over 10 years of experience in traditional financial infrastructure, on-chain data, products, and markets. The fundraising period is set for Thursday, October 29.

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