The only acronym I can find for Oaly is - Organization of African Liberal Youth
Lot of search results about an e-sports guy
It's a nice LLLL - pronounceable and brandable - just depends on your budget for creating a site around it.....
I personally prefer keyword domains for development, easy for an end user to know what your site is about if you are on a lower budget and don't have seed, start up funding to get the message out there......
At the end of the day your site could be cvbfgtre.site and with the right content, backlink and Social Media strategy you could generate a decent amount of monthly visitors to the site......depends on how much you value building a brand alongside the traffic.....