Octopus Protocol

Binance Smart Chain has bought many new opportunities for blockchain-based projects. No doubt that there are already several startups that have utilized these new opportunities. Today, we are writing about one that is definitely among those top projects.

Octopus is an open protocol to create, exchange, settle, and manage synthetic assets. The protocol enables the issuance of synthetic tokens and their exchange through decentralized derivatives. Through a trustless architecture, Octopus seeks to offer unparalleled access and exposure to real-world assets.

This is a solution that we think is able to drive mainstream adoption, which is a future goal of blockchain technology and for all of us that has deep enthusiasm towards decentralized technologies. Also, financially, several researches showed that blockchain projects that are applicable in traditional finance as well are more likely to become popular, and as a result, help us get more profit.

But let’s take a closer look at Octopus Protocol and its benefits.

The project aims at providing unparalleled access to real-world assets along with empowering users to an open infrastructure for issuance and settlement of derivatives to enable fair and equal access to the financial ecosystem. No need to explain why this has value. The industry has several challenges that Octopus attempts to solve:

• Lack of technological innovation
• Trust-based system: Financial derivative contracts require intermediaries.
• Permissioned: The current market has restrictive and permissioned architecture for engaging in derivatives. The system lacks transparency between the parties involved in transactions of synthetic assets.

Octopus offers a clear solution to the above mentioned problem.

• Affordable: The protocol facilitates affordable solutions for the creation of synthetics by reducing the collateral amount. The inherent mechanism lowers costs with minimal usage of oracles.
• Community-driven: Built and governed by the community of OPS token holders to enable a fairly distributed and decentralized infrastructure.
• Trustless: A DeFi protocol powered by smart contracts, its inherent infrastructure eliminates trust barriers for trade and settlement of derivatives.
• Limitless: Build tokens that track the price of any asset in real time. Create customizable financial contracts comprising multiple assets.

But Octopus offers more. The team offers a whole ecosystem with factors that have huge competitive advantages to the competitors. The main elements of it:

1. Trade Derivatives: Gain unlimited exposure to several instruments from multiple derivative assets such as stocks, bonds, equities, digital assets, futures — raised as tokenized assets. Trade derivatives with tight spreads, low margin requirements, and innovative hedge instruments with no liquidation risks.
2. Manage assets: Manage all your assets and positions from Octopus’ non-custodial wallet so that the control of your funds remains in your hands. Track your trading history and overall portfolio balance from your wallet.
3. Exchange: Exchange synthetic assets leveraging the seamless features of a traditional exchange platform in a peer-to-peer, transparent, and trustless architecture
4. Minimal trading fees: Trade decentralized derivative assets with low fees and industry-grade standards along with deep liquidity.
5. Staking: Earn OPS tokens for providing liquidity to the Octopus ecosystem. On our leading decentralized exchange (DEX), you can earn an APY as high as 220%* by participating in the Octopus network. For instance, stake global companies stocks like Tesla and receive annual returns of up to 220%

IDO on Bounce Finance is sold out — less than an hour!

Based on the above, it is no question that Octopus has real value. The another good news is that Octopus IDO was sold out in less than an hour. It is your best chance to get tokens on the DEX listing tomorrow. Check out the tokenomics here: