About Octans
Market Stats
Market Cap
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FDV
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Circulating Supply
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Max Supply
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Total Supply
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Performance
Popularity
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Dominance
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Volume (24H)
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Volume (7D)
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Volume (30D)
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All time high
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Overall Price Change (1Y)
Additional info about Octans
Recent trends
Market details
OCTA vs markets
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OCTA vs BTC
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OCTA vs ETH
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
Octans is a decentralized finance (DeFi) platform built on the Binance Smart Chain. Per its whitepaper, the platform was created to combat the concerns of cryptocurrency and the DeFi world like yield farming, liquidity mining, and staking. The token holders must lock their tokens for a specific time to earn profits through these mechanisms. However, as time goes by, the token’s value tends to decrease, and instead of making profits, the token holders end up losing their currency.
The Octans platform employs two main features in its protocol to overcome this problem:
OCTA is the native token of the Octans platform, and it is a deflationary token. Deflationary tokens decrease in total supply over time. Fifty percent of the total supply of OCTA was burned upon launch to make it scarce, resulting in a more stable price floor for the token. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.
On the Octans platform, the token holders get to earn more tokens simply by holding them. A total of 8 percent tax is deducted on every transaction. 4 percent is redistributed to all existing token holders as a reward. Another 4 percent is used to add liquidity to the platform, reducing the total number of OCTA in circulation and enhancing the token value.
The roadmap suggests that Octans also has plans to come up with an NFT marketplace in the near future.
Octans was launched in March 2021, and the whitepaper was released in July 2021. The maximum supply of OCTA is one quadrillion tokens.
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Social stats
Popularity in posts
#316
Contributors
246
Posts
839
% About Octans
0.11%
Hold times
0 days
X (Twitter)
28.54% bullish
Sentiment
4.3 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
246 unique individuals are talking about Octans and it is ranked #316 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Octans has an average sentiment score of 86 out of 5. Finally, Octans is becoming less newsworthy, with 0 news articles published about Octans.
On Twitter, people are mostly neutral about Octans. There were 30.35% of tweets with bullish sentiment compared to 6.34% of tweets with a bearish sentiment about Octans. 69.65% of tweets were neutral about Octans. These sentiments are based on 812 tweets.
On Reddit, Octans was mentioned in 1 Reddit posts and there were 0 comments about Octans. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.