Octopodes, yesterday marked the very successful launch of the Octopus Protocol IDO on Bounce Finance. Through the IDO, we raised $100,000 in under an hour on the Bounce Finance platform. Having received tens of thousands of whitelist applications, we anticipated that there was substantial interest in the token sale. However, we were amazed by the support and participation we received from our Octopodes. It has truly been a phenomenal journey and on the behalf of the entire Octopus Protocol team, we thank our community and everyone who participated.
Initially, we planned to open the bounce pool of our native token, Octopus with the ticker symbol $OPS. However, after our IDO announcement on Bounce Finance, several pools claiming to be selling OPS tokens went live on the platform. In order to protect our Octopodes community from attackers, we decided to open a unique pool with wOPS ticker.
All whitelisted winners who successfully completed their KYC were granted access to participate in the IDO. Winners were able to swap their BNB tokens with the wOPS tokens.
Important: The wOPS tokens can be swapped for OPS tokens on the Token Generation Event (TGE). The price ratio for OPS and wOPS tokens is 1:1. In other words, winners will receive the same amount of OPS tokens as wOPS on TGE.
Please note that only whitelisted addresses will be able to swap their wOPS tokens with OPS tokens on TGE. Additionally, since there is a vesting schedule applied for OPS, it will also be implemented for wOPS.
Vesting schedule: 40% TGE, 20% weekly linear release
TGE Information: The details for TGE event will be provided post the IDO on Trustpad and PAID which are held on 11th June 2021.
Thank you Octopodes once again for your trust, support, and participation. We are ready to rock the upcoming week!
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 -