Octopus Network (OCT)

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Revision as of 06:25, 3 January 2022 by wiki_crypto>Zeb.dyor (Created page with "<br /> ==Basics== *Based in: *Started in / Announced on: *Testnet release: *Mainnet release: *From the [https://oct.network/ website] (3-1-2022): ''"The Octopus Netw...")
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Basics

"The Octopus Network is a multichain interoperable cryptonetwork for launching and running Web3.0 Substrate-based application-specific blockchains, aka appchains."

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token Allocation

Utility

  • From Ansem's Q1 report (1-1-2022):

"If the Octo Network is able to effectively bootstrap many appchains, the $OCT token will benefit greatly from all of these chains needing the shared security of the Octo validator set."

Other Details

  • Has an ERC20 and a NEAR NEP141 token version of its OCT (3-1-2022).

Stablecoin

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].

Implementations

  • Built on: NEAR
  • Programming language used:

Transaction Details

How it works

  • From Ansem's Q1 report (1-1-2022):

"The Octopus Network is a multi-chain network designed to create an interoperable ecosystem of specialized appchains, which utilize the Octopus Network for security. Octo does not have its’ own blockchain, rather it is a set of smart contracts that live within the Octopus Relay on the NEAR blockchain, combined with a set of validator nodes that appchains will pay for security of their application. The plan for each of these appchains is for them to be built with the Substrate framework and a specialized front-end for their application. These appchains will also be IBC-compatible once the implementation of the Substrate-IBC Pallet is complete, as well as being able to communicate with other NEAR tokens as the Octo bridge will deploy a NEP141 wrapper contract for each appchain token."

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

  • From Ansem's Q1 report (1-1-2022):

"Its’ structure is similar to that of Polkadot, but it is much less expensive for appchains to bootstrap their networks on Octo than it is for parachains on Polkadot."

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

(:

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