About Octans
$0.00
Market Stats
Market Cap
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FDV
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Performance
Popularity
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Volume (24H)
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Volume (7D)
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Volume (30D)
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Additional details
Market details
OCTA vs markets
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OCTA vs BTC
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OCTA vs ETH
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
Octans is a decentralized finance (DeFi) platform built on the Binance Smart Chain. Per its whitepaper, the platform was created to combat the concerns of cryptocurrency and the DeFi world like yield farming, liquidity mining, and staking. The token holders must lock their tokens for a specific time to earn profits through these mechanisms. However, as time goes by, the token’s value tends to decrease, and instead of making profits, the token holders end up losing their currency.
The Octans platform employs two main features in its protocol to overcome this problem:
OCTA is the native token of the Octans platform, and it is a deflationary token. Deflationary tokens decrease in total supply over time. Fifty percent of the total supply of OCTA was burned upon launch to make it scarce, resulting in a more stable price floor for the token. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.
On the Octans platform, the token holders get to earn more tokens simply by holding them. A total of 8 percent tax is deducted on every transaction. 4 percent is redistributed to all existing token holders as a reward. Another 4 percent is used to add liquidity to the platform, reducing the total number of OCTA in circulation and enhancing the token value.
The roadmap suggests that Octans also has plans to come up with an NFT marketplace in the near future.
Octans was launched in March 2021, and the whitepaper was released in July 2021. The maximum supply of OCTA is one quadrillion tokens.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#756
Contributors
138
Posts
138
% About Octans
0.037%
Articles
0
X (Twitter)
42.26% bullish
Sentiment
4.3 ★
Highlights
138 unique individuals are talking about Octans and it is ranked #756 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Octans has an average sentiment score of 4.3 out of 5. Finally, Octans is becoming less newsworthy, with 0 news articles published about Octans.
On Twitter, people are mostly neutral about Octans. There were 47.48% of tweets with bullish sentiment compared to 12.36% of tweets with a bearish sentiment about Octans. 52.52% of tweets were neutral about Octans. These sentiments are based on 691 tweets.
On Reddit, Octans was mentioned in 104 Reddit posts and there were 140 comments about Octans. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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