Octoblock (OCTO) has initiated ICO staking, enabling participants to potentially earn USDC before its official launch.
What is Octoblock?: Exploring the top new project
Octoblock is a revolutionary decentralized finance (DeFi) protocol operating on the Binance Smart Chain, distinguished by a multifaceted approach that merges DeFi with Game-Fi mechanics. The protocol’s core objectives revolve around profitability, expansion, and philanthropy, creating a dynamic ecosystem that benefits its users and the wider community.
The Nautilus Trove will be central to Octoblock’s operations, receiving assets and allocating them to DeFi strategies and yield-bearing investments to ensure a balanced mix of stability and growth potential. The asset inflows to the Nautilus Trove will include an initial capital investment by contributions, tokenomics tax revenue, and gains from DeFi strategies. Seventy-five percent of the funds will go to DeFi strategies and 25% to the yield-bearing assets.
Notably, 45% of the profit from the Nautilus Trove will be shared among the OCTO holders based on their token holdings, fostering a sense of ownership and incentivizing long-term participation. OCTO holders will also share 5% of the revenue through a sweepstake known as Saltwater. The sweepstake will randomly choose addresses, with higher OCTO holdings increasing the odds of being selected. Additionally, 5% of the revenue will be channeled to charitable organizations dedicated to the conservation of marine life through Octoblok’s Tentacle Trust, 10% to early growth DeFi managers as a performance fee, and the remainder reinvested into the portfolio to facilitate continued growth.
Octoblock will also introduce Crowd Funded Yield Farming (cFyF), enabling users to collectively participate in yield farming activities by contributing funds to a communal yield pool. The pooled funds will grant access to higher-yield farming options, resulting in increased profits for the participants involved. In addition, Octoblock will streamline asset swapping and bridging across blockchains with its cross-chain platform, Coral Cove. The platform will ensure low transaction costs, high security, and optimized transaction routes through strategic use of liquidity aggregation, enhancing user experience and accessibility.
The Octoblock (OCTO) ICO
Any OCTO tokens bought during the Octoblock Initial Coin Offering (ICO) phase and prior to the official launch are immediately recorded and included in the ICO staking process. Each week, OCTO tokens will be credited to investors’ account balances, with the Annual Percentage Yield (APY) calculated based on the price of OCTO at that particular stage of the offering. Octoblock will also start allocating USDC to the wallet addresses provided in investor’s accounts alongside OCTO, with the distribution also factored into the APY calculations.
The ICO is currently in phase 2 of 14, with OCTO selling at $0.036. Investors at this level get a 14% token bonus and a chance to win the Tesla giveaway, where every OCTO token purchased provides one entry.
To get more information on Octoblock:
Website: https://octoblock.io/
Buy OCTO: https://reef.octoblock.io/register
