Octopus Protocol Raises $2.7 Million in Seed and Private Sale Rounds
In building a DeFi derivatives protocol that facilitates unparalleled access and exposure to real-world assets, Octopus Protocol is excited to announce its raise of $2.7 million from several institutional investors as well as VC firms.
The amount was raised in three sale rounds: Seed, Private A, and Private B. Our amazing community of investors and supporters includes Dutch Crypto Investors (DCI), Titans Ventures, Master Ventures, Follow[the]seed, Insignius Capital, and SL2 Capital, and others. We welcome them to the family of Octopodes family.
Octopus is an open protocol to create, exchange, settle, and manage synthetic assets. All the drive and determination to build a synthetic assets protocol is now supported by several institutional players. None of this would have been possible without the strong support of the Octopodes community, which believes in the project’s vision.
This news follows Octopus Protocol’s recent success of its IDO for its native token $OPS held on 4 different platforms. Apart from the Bounce IDO, the OPS token sale was held on three other launchpad platforms. We are thrilled to announce that the OPS token sale saw remarkable success on all the platforms, with 100% tokens sold out in the sale. We successfully raised a total of $450,000 from the different pre-sale rounds.
Octopus Protocol allows users to create tokenized derivatives or synthetic assets that facilitate unparalleled access and exposure to real-world underlying assets. Built on Binance Smart Chain (BSC) network, the protocol allows developers to trade and settle derivatives without relying on third-party intermediaries.
The Octopus Protocol combines a multitude of products under its ecosystem to facilitate complete engagement with synthetic assets under one platform. Its broader ecosystem allows users to capture the wider value from the creation of synthetic assets, exchanging decentralized derivatives to the management of a trader’s portfolio under one network. The issuance, exchange, and management of synthetic assets on Octopus allow users to unlock value and limitless design possibilities, which yet remain significant issues in the market of traditional derivatives.
“The entire Octopus Protocol family, the Octopodes, are really excited to bring industry experts and leaders. The strategic DeFi funds, an impressive army of investors, and key stakeholders will help build the Octopus Protocol ecosystem.”
Co-Founder, Octopus Protocol
In the upcoming days, we have many more updates and exciting news for you. So make sure to -