Octopus Network OCT
1. Summary
Limited data
- 67% of the Octopus Network code repositories are forked (originally copied) from another project.
- Price
-
$0.12 -3.1%
- Market Cap
- $11.89M (#1456)
- Supply
- 78.71M / 100.00M
- Description
-
What Is Octopus Network (OCT)?
What Is Octopus Network (OCT)?
Octopus Network is a cryptonetwork designed for launching and running Web3.0 application-specific blockchains, known as appchains. The network aims to decrease the capital expenditure required to bootstrap an appchain by 100 times, reducing it from several million dollars to less than one hundred thousand dollars. This reduction in cost is intended to drive innovation in Web3.0.
Features of Octopus Network (OCT)
-
Security: The network provides a flexible, cost-effective security leasing market through Octopus Relay, which allows appchains to determine their desired level of security and the associated costs. This ensures the security of appchains through economic means.
-
Interoperability: It offers seamless interoperability with other appchains, heterogeneous blockchains such as Ethereum, and any IBC-enabled blockchains. This facilitates interaction between different blockchain networks.
-
Infrastructure: The network includes infrastructures like testnets, RPC gateways, indexers, block explorers, and wallet integrations, providing necessary tools for appchain development.
-
Community: The Octopus community supports appchains in multiple aspects, including fundraising, recruiting, knowledge sharing, token economics design, and token listing.
Token Distribution
The OCT token distribution includes the following:
-
Angel Round: 6% of the tokens, which will be unlocked linearly over a period of three years after the token generation event (TGE).
-
Strategic Round: 5% of the tokens, which will be unlocked linearly over three years after TGE.
-
Seed Round: 15% of the tokens, which will be fully unlocked at TGE.
-
A Round: 12.5% of the tokens, which will be fully unlocked at TGE.
-
IDO: 2.5% of the tokens, which will be fully unlocked at TGE.
-
Team: 24% of the tokens, which will be unlocked linearly over three years after TGE.
-
Appchain Rewards: 15% of the tokens, which will be used for appchain rewards.
-
Foundation: 10% of the tokens, which will be unlocked linearly over three years after TGE.
-
Airdrop: 5% of the tokens, which will be unlocked linearly over three years after TGE.
-
Initial Security: 5% of the tokens, which will be unlocked at TGE and used for appchain stacking.
OCT is an NEP141 token on the NEAR protocol, which is the equivalent of the ERC-20 standard. Its primary functions include collateral for appchain security, a staking mechanism for validators, and a means of penalizing malicious behavior.
-
| Price | |
| 52W High price | $0.60 |
| 52W High date | 15th Mar 2024 (8 months ago) |
| All Time High (ATH) Date | 16th Jan 2022 (2 years ago) |
| ATH Price | $7.02 |
| % From ATH | -97.54% |
| All Time Low (ATL) Date | 19th Oct 2023 (1 year ago) |
| ATL Price | $0.09 |
| % From ATL | 91.69% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $109,165.00 |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Circulating Supply | 78.71M |
OCT
How does Octopus Network's (OCT) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
19.0%
OCT
-4.7%
Similar Market Cap
60 Day Return
-25.3%
OCT
-19.4%
Similar Market Cap
1 Year Return
13.9%
OCT
9,961.9%
Similar Market Cap
We're monitoring 147 Octopus Network GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Octopus Network Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 136 commits vs. an average of 113
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 73 |
| Past year | 510 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 426 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 49 |
| Past year | 358 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 51 |
| Past year | 333 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 315 |
| Past week | 30 |
|---|---|
| Past 12 weeks | 126 |
| Past year | 241 |
Top Developers 2024
In total, 898 developers have contributed to Octopus Network over the past year. Who are the most active Octopus Network developers, by commits, over the past year?
Related Projects
Developers working on Octopus Network also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 4,852 |
| Active Discord Users | 171 |
| Telegram Users | 3,132 |
| Twitter followers | 672 |
-
medium.com/myriad-social/myriad-social-to-be-the-second-appchain-to-launch-in-the-octopus-...
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://oct.network/ |
|---|---|
| Explorer | https://etherscan.io/token/0xf5cfbc74057c610c8ef15... |
| @oct_network |
What is the correct contract address for Octopus Network?
| Ethereum | 0xf5cfbc74057c610c8ef151a439252680ac68c6dc |
|---|---|
| Near-protocol | f5cfbc74057c610c8ef151a439252680ac68c6dc.factory.bridge.near |
Has Octopus Network been audited for security?
No security audits found for this project.
Are you the owner of Octopus Network? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.