Equity Overview
Price & Market Data
Price: $0.0313
Daily Change: +$0.0₃998 / 3.19%
Daily Range: $0.0302 - $0.0318
Market Cap: $0
Daily Volume: 12,330
Details
OCT, the native token of the Octopus Network, is a fungible, non-inflationary token with three primary utilities. OCT is used to provide collateral to guarantee appchain security, select appchain candidates by upvoting and downvoting mechanisms, and governance. $OCT is an NEP141 token on NEAR protocolThe Octopus Network is a multichain cryptonetwork for launching and running Web3.0 application-specific blockchains — appchains. Appchains in the Octopus Network benefit from flexible and cost-effective leased security (LPoS), out-of-the-box multichain interoperability, complete infrastructure, and a ready-to-be-engaged community. The core of the Octopus Network is the Octopus Relay — a set of smart contracts running on the NEAR blockchain, aka mainchain, that implements the security leasing market.NEAR Protocol is a sharded proof-of-stake (PoS) blockchain that emphasizes scalability and usability. NEAR is often referred to as a ready-made scalability solution for existing Ethereum dApps, but it is equally capable of handling a suite of other types of decentralized solutions — such as appchains. The Octopus Network chose to build on NEAR because it offers a more cost-effective, scalable, user-friendly, and interoperable L1 solution for building appchains.Telegram | Discord | Medium