What is OCTORAND(OCTO)?

Basic information about OCTO

Coin name:

Octorand

Coin symbol:

Coin introduction:

What Is Octorand (OCTO)? Octorand is an ecosystem made up of a collection of configurable NFTs known as Primes (1,000 Gen1 Primes and 8,000 Gen2 Primes) and the deflationary currency OCTO. Each Prime is an Algorand Standard Asset (ASA) that has 8 (Gen1) or 16 (Gen2) letter traits, stored on the Algorand Blockchain. In the initial application, these traits can be transformed to spell words and phrases to earn badges and score points in a gamified competition. The ecosystem features a growing number of dApps - the initial application “Octoword” will be joined by the second dApp “Octodraw” in Q4 2022 with more dApps to follow. OCTO is the native utility token that is used to pay for all transactions within the Octorand ecosystem Fees for changing the letter attributes of Primes Fees for changing the artwork of Primes Fees to upvote / downvote Primes Fees to use the on-chain messaging facility which allows wallets in Algorand to message Prime owners Fees to store pixel art frames in the upcoming Octodraw dApp Being a deflationary token, OCTO is also a store of value. How Many OCTO Coins Are There in Circulation? Octorand launched on the 27th of January 2022 with the creation of the 1,000 Gen1 Primes. Each Gen1 Prime contained a store of 1,000 OCTO which were emitted at a constant rate of 0.0001 OCTO per second (8.64 OCTO per 24 hours). This makes a Total Supply of 1,000,000 OCTO. No more OCTO can be created. All of the stored OCTO were emitted from the Gen1 primes on the 17th May 2022. All transactions paid in OCTO are burned - the smart contract sends the transaction fee to the creator wallet which has been rekeyed so as to be verifiably inaccessible. As of the 19th of August 2022, 218K OCTO tokens have been burned leaving a remaining circulating supply of 781K tokens. Who Are the Founders of Octorand? Octorand is the brainchild of Developer Declan Rocco, assisted by Rob Sanders who is responsible for the Marketing of the Project. Declan is a career software dev

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Current Price:

$0.003924More coin details

All-time high:

$0.75231

All-time low:

$0.003435

OCTO Supply Info and Tokenomics

Circulating supply:

Total supply:

777K

Max supply:

1000K

Market cap:

Fully diluted valuation:

$3,924.89

What is the outlook and future value of OCTO?

The current market cap of OCTO is $0, ranked 15691 in the market, showing that the market already recognizes the value of OCTO. When a bull market arrives, the market cap of OCTO may continue to grow.

Moreover, if OCTO can play a greater role in real-world applications—such as if the Monero developers can fully empower OCTO and establish partnerships with more business partners to expand its user base—then the long-term value of OCTO will be further enhanced.

What is the price of OCTO in 2027?

According to the historical price performance prediction model of OCTO, the price of OCTO is expected to reach $0.004121 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get OCTO?

Purchasing OCTO with cash is not the only way to obtain OCTO. If you have enough time, you can get OCTO for free.

Learn how to get Hot rewards for free with OCTO.

Earn free OCTO by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get OCTO airdrops for free.

All crypto airdrops and rewards can be exchanged for OCTO through LBank spot trading.

Buy OCTO starting from $1

What is OCTO used for and how to use it?

The use cases for OCTO may grow with the development of the crypto market and project progress. Currently, you can use OCTO to:

Arbitrage trading of OCTO

OCTO is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many OCTO trading pairs to suit your needs.

Earn yield with OCTO

You can also lend out OCTO or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your OCTO gains.

Send or pay with OCTO

If you want to pay someone with OCTO, you can easily and quickly send OCTO to them using their receiving address.

You can also visit the official website of Octorand to learn more use cases of OCTO, such as whether the Octorand project supports community/eco apps or buying physical or virtual goods with OCTO.