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Octopus Network (OCT)


Price Quotes, Volume & Historical Data

What is Octopus Network (OCT)?

OCT, the native token of the Octopus Network, is a fungible, non-inflationary token with three primary utilities. OCT is used to provide collateral to guarantee appchain security, select appchain candidates by upvoting and downvoting mechanisms, and governance. $OCT is an NEP141 token on NEAR protocolThe Octopus Network is a multichain cryptonetwork for launching and running Web3.0 application-specific blockchains — appchains. Appchains in the Octopus Network benefit from flexible and cost-effective leased security (LPoS), out-of-the-box multichain interoperability, complete infrastructure, and a ready-to-be-engaged community. The core of the Octopus Network is the Octopus Relay — a set of smart contracts running on the NEAR blockchain, aka mainchain, that implements the security leasing market.NEAR Protocol is a sharded proof-of-stake (PoS) blockchain that emphasizes scalability and usability. NEAR is often referred to as a ready-made scalability solution for existing Ethereum dApps, but it is equally capable of handling a suite of other types of decentralized solutions — such as appchains. The Octopus Network chose to build on NEAR because it offers a more cost-effective, scalable, user-friendly, and interoperable L1 solution for building appchains.Telegram | Discord | Medium

Where To Buy Octopus Network?

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What is the price of OCT?

The current price of Octopus Network (OCT) is $0.00

Other Cryptos like OCT

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More Details

Official Website https://oct.network/
Whitepaper https://www.cryptocompare.com/media/39500802/octopus-network-white-paper.pdf
Launch Date August 08, 2021
Total Coins Mined 100,000,000.0000
Smart Contract Address 0xf5cfbc74057c610c8ef151a439252680ac68c6dc
Built On ETH
Decimal Points 18
Max Supply Unlimited
Algorithm N/A
Proof Type N/A