Octoblock is more than a DeFi platform. It offers more opportunities for value generation, like free USDC airdrops, by holding OCTO tokens. Octoblock is revolutionizing the concept of passive income in the crypto arena, capturing the interest of Solana users.
Solana price, like other major cryptos, was hard hit by the geopolitical news, seeing it drop by 21%. The Solana news was also negative, as Solana outages and congestion affected its platform, leading to liquidations. The network congestion was attributed to the rising Solana meme coins on its network. Thousands of meme coins had found a home on the Solana network, gaining an edge over Ethereum’s once-popular platform. Despite its Coinbase integration, Solana price was struggling to hold onto its $130 position after its dip from $172. The Solana platform was also affected by falling NFT sales. Cumulatively, the SOL ecosystem is hard hit, prompting users to rotate their profits in fast-rising ICOs like Octoblock, which has continued to return high APY rates.
Octoblock introduces to the DeFi space a new approach to profitability through its focus on investor welfare and charity. The Tentacle Trust is an initiative that promotes healthy marine life through carbon reduction and other oceanic welfare activities. It funds registered organizations identified by investors, thus ensuring that OCTO holders get involved in environmental conservancy.
Octoblock’s Crowd Funded yield farming (cFyF) is a collective effort pooling investors to partake in DeFi activities for maximum profitability. The initiative promotes knowledge sharing and support to attain inclusivity regardless of location. The Octoblock platform is to roll out Coral Cove DEX, a simple but secure cross-chain platform that will span all blockchains and offer support to hundreds of cryptocurrencies.
The exciting Octoblock ICO has provided 240 million OCTO tokens to be offered in 14 phases. The current phase four OCTO price of $0.038 is an increase from its initial $0.035. Octoblock incentivizes OCTO holders with a 12% bonus and rewards. The platform’s profit generation arm is run by the Nautilus Trove. The Trove records the ICO funds and applies them to generate profits through ICO staking and other farming activities. It is also in charge of distributing profits by apportioning them into various platform functions. Nautilus Trove allocates part of the funds to charity, management fees, and rewards, with the remainder being reinvested for more profitability and liquidity.
The profits allocated to investors are airdropped to wallet addresses in USDC to all ICO holders. The airdrops will happen weekly on Mondays, and the existing APY is recorded and displayed on the platform’s website. Each ICO holder gets an automatic entry into a Tesla Prize draw that will happen before launch.
Get more informed:
Buy OCTO: https://reef.octoblock.io/register
Website: https://octoblock.io/
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