Octopus Protocol Token Release Update

Octopodes, we cannot believe it has been nearly three months since we presented Octopus Protocol as our DeFi project that enables unparalleled access to real-world assets. Following our strong community growth post-IDO, we present to you an update on token release.

The Octopus Protocol IDO was held on four platforms — Bounce Finance, Prostarter, Trustpad, and Ignition by Paid Network. The token sale of Octopus Protocol was completely sold out on all the platforms.

Note that the following instructions are only for whitelisted participants from IDO and community rounds who successfully passed their KYC and participated in the Octopus Protocol token sale.

All whitelisted winners who successfully passed the KYC were able to claim tokens from the OPS pool on the Token Generation Event (TGE). Please note that since the pre-sale (IDO) had a vesting schedule for 40% release on TGE and 20% weekly linear release, whitelisted winners have been able to claim 40% of their OPS tokens.

We are happy to announce that the weekly linear release for OPS tokens post IDO is now open.

Claimable Linear Distribution of OPS

The OPS tokens will be available to claim at 8:45 AM UTC everyday from Wednesday, June 23 onwards.

To claim your OPS tokens, click on this official link for the Octopus token claiming station: https://claim.octopus.exchange and Connect your wallet.

Since the 20% linear weekly distribution is now open, whitelisted winners can claim their OPS tokens from the ‘Accumulation Zone’ on the dashboard.

Please note that whitelisted winners can claim ~2.85% OPS tokens per day (20% weekly linear release ÷ 7 days) from the first release schedule on Wednesday, 23rd June.

If you do not collect the OPS tokens from the claiming station daily, the tokens will keep on accumulating in the ‘Accumulation Zone’. The whitelisted winners are free to decide the schedule to collect and claim their OPS tokens. To avoid gas fees, you can also consider collecting your OPS tokens on a weekly/ fortnightly/ monthly basis (as per your preference).

For example:

• Bob received 1000 OPS tokens in the accumulation zone on TGE. As the pre-sale (IDO) has a vesting of 40% on TGE and 20% weekly release Bob was first able to claim 40% i.e. 400 OPS tokens on TGE.
• On June 23, the linear distribution started.
• Bob will receive ~2.85% OPS tokens daily which he can either claim on a daily basis or as per his preference.
• These tokens are released over 3 weeks on a daily basis. Hence, Bob can also choose to collect all 600 tokens after the 3 weeks of linear distribution.

For any questions, please reach out to us on our official Telegram channel.

Octopodes, it has been a truly amazing journey so far. We are very proud to have had such amazing participation in the token launch and we look forward to welcoming many of you in the Octopodes community and the Octopus Protocol ecosystem.

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 -

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