This week has been buzzing with several activities at Octopus Protocol. From announcing new partnerships to onboarding industry leaders as advisors and the announcement of Octopus Protocol IDO on the Ignition platform — multiple developments have kickstarted.
In another important development, we are excited to share that we will be hosting our Octopus Protocol IDO on the Prostarter launchpad. We will be conducting our Initial DEX Offering (IDO) of our native token OPS on the Prostarter platform on Wednesday, 9th June 2021.
Prostarter is a community-centric and transparent DeFi cross-chain platform offering a medium for project fundraisings. Features like cross-chain IDOs, Live Whitelisting, and One Time KYC enable a transparent way to raise funding for crypto projects on Prostarter.
Prostarter Sale Information
- 6,66,667 $OPS tokens will be sold in our pre-sale held on Prostarter launchpad.
- Sale price will be $0.15 per $OPS.
- A total of $100,000 will be raised from the pre-sale IDO round held on Prostarter.
- Whitelist for Octopus Protocol token sale starts on Saturday, 5th June 2021.
- Live whitelisting on Prostarter will be on Wednesday, 9th June 2021.
More details on whitelisting will be shared soon.
The upcoming sale will give Octopodes the opportunity to join us for the deployment of a protocol enabling unfair access to real-world assets.
17% of tokens were sold in our seed and Private A sale rounds. Prices of tokens in the early rounds ranged from $0.05 to $0.075 per token with 10% and 15% unlocked on TGE respectively and linear release after month 1 through month 6.
8% of tokens will be sold in our ongoing private B sale round. The price of tokens in the Private B round is $0.1 per token with 15% unlocked on TGE and a linear release after month 1 through month 6.
For more information on the tokenomics of OPS token, please read this article.
The OPS Token
The OPS token is the core economic unit of the Octopus Protocol ecosystem. It is the native utility token of the Octopus Protocol.
Its value accrues from platform fees paid for engaging and accessing the products and services of the Octopus Protocol ecosystem — from the creation of synthetic assets to exchanging derivatives on trading platforms.
The $OPS token acts as fuel to incentivize honest actions in the functioning of the protocol. They will provide access to a multitude of products and services inside the ecosystem. $OPS tokens will also be used as a part of staking mechanisms for holders to receive rewards in exchange for committing deposits and providing liquidity to the protocol. $OPS token holders will govern the Octopus Protocol.
Prostarter is a community-centric and cross-chain IDO launchpad offering projects fundraising, token sales, and many other opportunities for the Crypto community. Cross-chain IDOs, Live Whitelisting, and One Time KYC are some of the core features that make Prostarter a transparent launchpad platform. Furthermore, NFT Marketplace and NFT launchpad are the upcoming developments Prostarter team is working on to bring ride of excitement and creativity for digital artists.
About Octopus Protocol
Octopus Protocol, a robust DeFi protocol built on the Binance Smart Chain (BSC), allows issuance, trade, and management of decentralized derivative assets. Leveraging the technological innovation of blockchain, Octopus Protocol facilitates a platform that offers unparalleled access and exposure to real-world assets, thereby enabling a fair way to engage with synthetic assets and giving equal opportunities to access derivatives.
In the upcoming days, we have many more updates and exciting news for you. So make sure to -