What is Octopus Network? Complete set of Octopus Network and OCT . token

Octopus Network Overview

What is Octopus Network?

Octopus Network is a sidechain that works in tandem with the NEAR Protocol blockchain . It allows project developers to launch decentralized finance, Web 3.0 applications on Octopus Network via Appchain more easily and quickly. To create/rent Appchains, project developers need to staking OCT tokens and using this token to pay development fees on Octopus Network. In addition, Octopus Network ensures safety in terms of security as well as providing off-chain interoperability and complete infrastructure for project developers.

Some highlights of Octopus Network

Octopus Network has a similar structure to Polkadot's Parachain but is not limited in the number of sub-chains (aka Appchains). That is, Parachain on Polkadot is limited to 100 slots and Appchain on Octopus Network has no specific quantity limit. In addition, the cost of creating/renting Appchains of Octopus Network is relatively low.

The core technology of the Octopus Network is Octopus Relay – a collection of smart contracts that run on top of the NEAR Protocol. Octopus Relay allows Appchains to interact with NEAR Protocol or Ethereum via Rainbow Bridge. Alternatively, Appchain can use an IBC pallet to connect directly to any blockchain that supports IBC. Accordingly, any crypto-assets issued on Ethereum, NEAR Protocol or any blockchain that supports IBC can be transferred to the Octopus Network to use Appchains and vice versa.

What is Octopus Network?  Complete set of Octopus Network and OCT . token

Some highlights of Octopus Network

Octopus Network Developers, Investors and Partners

Octopus Network Development Team

The Octopus Network development team consists of Louis Liu, Julian Sun, Mike Tang, Burt Chen, Flex Chen and several others who have many years of experience in the industry of developing cryptocurrency projects.

What is Octopus Network?  Complete set of Octopus Network and OCT . token

Octopus Network Development Team

Investors of Octopus Network

Octopus Network has attracted many large investment funds such as NGC Ventures, Bixin Ventures, D1 Ventures, Pnyx Ventures, Electric Capital...

What is Octopus Network?  Complete set of Octopus Network and OCT . token

Investors of Octopus Network

Partner of Octopus Network

Octopus Network's partners include NEAR Protocol, Solana, Cosmos, Flow, Chainlink , Astar Network ...

What is Octopus Network?  Complete set of Octopus Network and OCT . token

Partner of Octopus Network

Octopus Network Development Roadmap

  • January 2021: Octopus Network will raise capital
  • February 2021: The project will call for seed round
  • March 2021: Octopus Network will conduct Testnet phase 1
  • May 2021: Octopus Network will conduct a Phase 2 Testnet with assets generated from other blockchains
  • July 2021: Octopus Network will conduct Testnet phase 3 and continue to raise capital
  • August 2021: The project will conduct an Audit and issue OCT token tokens
  • September 2021: Octopus Network will launch Mainnet and open registration for Appchain
  • October 2021: The first Appchain goes live.

What is Octopus Network?  Complete set of Octopus Network and OCT . token

Octopus Network Development Roadmap

OCT . token overview

What is OCT?

OCT is the foundation token of Octopus Network, it will be used for the following purposes:

Payment of fees : Project developers will use OCT tokens to pay transaction fees on Appchains.

Staking rewards : Investors, validators (Validator) and delegators (Delegator) will receive OCT tokens when staking on this platform.

Information about OCT

  • Token Name : Octopus Network
  • Ticker : OCT
  • Blockchain : NEAR Protocol
  • Contract Address : Updating
  • Token Standard : Updating
  • Total Supply : 100,000,000 OCT
  • Circulating Supply : Updating

OCT Coin Allocation

  • Initial Security : 5%
  • IDO:  2.5%
  • Series A : 12.5%
  • Seeds : 15%
  • Appchain Rewards : 15%
  • Angels : 6%
  • Team : 24%
  • Airdrop:  5%
  • Foundation : 10%
  • Strategic Investor : 5%

What is Octopus Network?  Complete set of Octopus Network and OCT . token

OCT Coin Allocation

How to own and store OCT . tokens

Currently, OCT tokens are being traded on many major cryptocurrency exchanges such as Gate.io, Uniswap, MEXC Global...

To store OCT tokens, users can use Near Wallet or exchange wallets.

What is Octopus Network?  Complete set of Octopus Network and OCT . token

How to own and store OCT . tokens

summary

Above is the basic information about the Octopus Network project and the OCT token. Octopus Network is a layer 2 project that makes it easier and faster for developers to launch decentralized finance, Web 3.0 applications without much cost. With the above information, hopefully you have been able to judge the potential of the project in the future to make the right investment decision for yourself.



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