Crypto investors are constantly looking for avenues that offer both stability and attractive returns. That said, Octoblock’s innovative approach to rewarding holders has garnered significant attention, prompting comparisons to traditional crypto investments like Bitcoin (BTC).
Bitcoin price
The Bitcoin price has been in a state of consolidation for the past four weeks, facing challenges in maintaining upward momentum beyond the $75,000 threshold. After this series of failed attempts to break above, a mass liquidation event has just taken place and pushed Bitcoin back down to the bottom of a multiweek range. It is hard to know what is going to happen here, but it certainly isn’t the most bullish crypto asset, with several altcoins looking like the best crypto to buy now.
Unveiling Octoblock (OCTO)
Octoblock is a pioneering Decentralized Finance (DeFi) protocol poised to redefine user experiences with a blend of engagement, profitability, and social consciousness. At its core lies a groundbreaking model where OCTO token holders are entitled to a 45% share of the profits generated by the Nautilus Trove.
The rewards will be distributed in the form of monthly USDC airdrops that will commence three weeks after the culmination of the Octoblock ICO. However, the timing and valuation of these airdrops will not be made public until a comprehensive snapshot of the holders is taken. This covert approach is a deliberate safeguard against potential manipulative practices, ensuring that the system’s integrity remains uncompromised.
The allocation of USDC to holders will mirror their respective share of OCTO holdings at snapshot time. For instance, an individual possessing 0.31% of the non-LP OCTO supply at the snapshot will receive an equivalent 0.31% share of the USDC earmarked for that month’s airdrop. This mechanism fosters equitability and fairness, where every participant’s contribution is recognized and rewarded.
OCTO holders also gain privileged access to the Octoblock Saltwater Sweepstake, a captivating monthly draw that will offer a share of the accumulated funds. Each OCTO token serves as a ticket into this sweepstake, with more tokens translating to higher odds of winning. The proportional system of entries ensures equitability while providing an extra incentive for holding OCTO tokens.
To ensure a steady flow of rewards for early OCTO holders, Octoblock initiated a unique initiative: ICO staking.
Octoblock ICO staking
Every OCTO token acquired during the Octoblock Initial Coin Offering (ICO) is immediately added into a staking mechanism. Each week, OCTO tokens are credited to investors’ account balances, creating a steady flow of assets. The Annual Percentage Yield (APY) is dynamically calculated, reflecting the price of OCTO during each specific stage of the offering. The APYs will be displayed on Octoblock’s official website, providing clear insights into the potential returns. Octoblock promises sustainable APY ranges by utilizing Beefy Finance to generate yield returns.
Octoblock had its first OCTO airdrop on April 9, marking a significant milestone in the project’s Initial Coin Offering. During the allocation, each $100 worth of OCTO increased value to $124, translating to an extraordinary APY of 185.5%. Adding to the excitement, the Octoblock team announced that the Nautilus Trove would start airdropping USDC stablecoins alongside OCTO tokens. According to their website, USDC constitutes 3.95% of the treasury value, showcasing the project’s holistic approach to rewarding early investors. With the Octoblock ICO currently in Phase 3 of 14, investors are rushing to join in early and potentially gain higher profits at lower costs.
Conclusion
While Bitcoin (BTC) remains a formidable player with the potential for massive gains, the need for significant initial investments and its inherent volatility make it a more complex investment compared to the easy USDC returns from Octoblock (OCTO).
For more information on Octoblock:
Website: https://octoblock.io/
Buy OCTO: https://reef.octoblock.io/register
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