Website
https://oct.network

Explorers
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Investment and technology themes
blockchain
blockchain interoperability
Substrate
KANDO id: 6838322
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Token information

Also known as
OCT

Blockchains

Ethereum
Smart contract
0xf5cfbc74057c610c8ef151a439252680ac68c6dc
NEAR Protocol
Smart contract
f5cfbc74057c610c8ef151a439252680ac68c6dc.factory.bridge.near

Digital asset type
Multi-chain network that provides leased security and interoperability to Substrate appchains.
Consensus
Leasing Proof of Stake (LPoS)

Overview

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 Octopus Network decreases the cost to launch an appchain from several million dollars to less than one hundred thousand dollars. Octopus Network works as a free market where appchains can lease the level of security they need at market price any time by using $OCT tokens. 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. Octopus appchains sit on the demand side of the market. They pay rent in their native tokens to lease security from $OCT holders. $OCT holders that delegate their $OCT by staking on appchains have the advantage of diversifying their investment profiles with a wide variety of protocols. The Octopus Relay enables appchains’ interoperability with NEAR protocol and Ethereum via the Rainbow Bridge. Additionally, appchains can utilize an out-of-box IBC pallet to connect with any IBC enabled blockchains directly. Any asset issued on Ethereum, NEAR, or any IBC enabled blockchain can be transferred into and utilized by Octopus appchains trustlessly. Conversely, assets issued on appchains can be transferred trustlessly out to Ethereum, NEAR, and any IBC enabled blockchain.

41% of $OCT are to be distributed to investors — 6% to angel investors, 5% to a strategic investor (NEAR foundation), 27.5% to institutional investors who participate in seed and Series A private sales, and 2.5% to IDO investors.
The remainder of $OCT belongs to the Octopus Foundation. Of that, 30% of the total supply will be used to incentivize upcoming Octopus community contributors. 24% $OCT is to reward the core team over 5 years starting from April 2019. Finally, 5% of $OCT over 5 years after the mainnet’s live is allocated for social media users who help share the value proposition of Octopus Network.
All $OCT will be minted before the Octopus mainnet goes live. 30% supply will go into circulation right after that, including tokens belonging to IDO, Seed, and Series A investors. 5% $OCT belonging to the foundation will be used to provide initial security for appchains. 65% of the total supply, including tokens distributed to angel investors, the strategic investor, core team, and foundation, will be released linearly over 3 years after the token generation event.

Allocation details
Segment % Vesting Notes
Founding team and employees 24.00 % 3.00 years Team
Airdrops and rewards 15.00 % 3.00 years Appchain rewards
Private sale 15.00 % Seed
Private sale 12.50 % Series A
Long-term foundation budget 10.00 % 3.00 years Foundation
Private sale 6.00 % 3.00 years Angels
Protection 5.00 % Initial security
Airdrops and rewards 5.00 % 3.00 years Airdrop
Private sale 5.00 % 3.00 years Strategic investor
Public sale 2.50 % IDO

Current team

Investors

List of the current and past investors into Octopus Network with their respective financial instruments.

Profile Country Phone Round
Ascensive Assets Private investment firm focusing solely on the digital asset industry. South Korea N/A
Autonomy Capital N/A
Bixin Ventures N/A
Continue Capital Continue Capital focuses on investing in global blockchain technology, early-stage technology startup and providing Quant-Trading service. United States N/A
D1 Ventures N/A
Digital Currency Group Inc (DCG) Investment company focused on bitcoin and blockchain tech businesses. United States +1 (212) 668-1427 N/A
Electric Capital Early stage venture firm focused on cryptocurrencies, blockchain, fintech, and marketplaces. United States N/A
GFS Ventures (Golden Finance Solution Ventures) Venture capital in Vietnam, collection of investment funds, and the largest private corporations with influences in the Blockchain industry. Vietnam N/A
Meridian Capital Venture capital group investing in blockchain technology and digital currencies. N/A
NGC Ventures Venture capital firm focused on investing in blockchain industry. Singapore N/A
OKEx Blockdream Ventures The corporate venturing arm of the OKEx cryptocurrency exchange. N/A
Origin Capital N/A
PNYX Ventures Early stage venture capital fund focused on the Web3 future. United Kingdom N/A
Puzzle Ventures Venture capital firm dedicated to helping early-stage blockchain startups grow and reshaping the future of crypto. China N/A
SevenX Ventures Venture capital firm. Singapore N/A
Spark Digital Capital Research focused crypto fund that invests in the future of blockchain and tech. United States N/A
Vestigium Crypto-native venture capital firm that invests in cryptocurrencies, digital assets and blockchain companies. N/A
Youbi Capital Digital asset VC and Accelerator focused on investing in projects that abstracts the functionalities of infrastructure applications. N/A
ZMT Capital Silicon Valley based VC firm investing in disruptive technology and business models. United States N/A