Octopus Protocol to Launch IDO on Ignition!

We’re very excited to announce that Octopus Protocol is the next revolutionary DeFi protocol to be launching an IDO on Ignition. Octopus Protocol facilitates an open-financial infrastructure by allowing users to create, settle, and exchange synthetic assets. Octopus Protocol offers a unique way for DeFi users to get exposed to real-world assets. An exciting Here are some dates you should watch out for if you want to participate:

📋 Whitelist Start: June 02, 2021; 2PM UTC
⏰ Whitelist Close: June 05, 2021; 4AM UTC
🚀 IDO on Ignition: June 11, 2021; 11AM UTC

🔗 CHAIN: Binance Smart Chain
🔒➡️🔓 Vesting Period: 40% released on Ignition Redeem, then every week 20%

Join the whitelist lottery for Octopus Protocol on Ignition HERE!

What is Octopus Protocol?

Octopus Protocol offers investors the advantages of engaging with assets — including commodities, stocks, digital assets, and more without the regulatory requirements and hassle associated with real-world assets. Octopus Protocol derivatives are not backed by the corresponding real world asset. Instead, synthetic tokens track the price of the underlying asset and give exposure to the price through the use of oracles.

Octopus Protocol facilitates the trading of any assets. Synthetic tokens that correspond to cryptocurrencies, futures, bonds, indices, stock, commodities, and more can all be created on the protocol. With the recent increase in volatility on the crypto market, Octopus Protocol offers investors the means to invest in much more stable assets like bonds and indices without taking their capital off-chain.

How It Works

Asset managers have limitless possibilities to create their own tokens or baskets of tokens and connect directly to investors in a peer-to-peer, decentralized infrastructure. Octopus Protocol will feature minimal use of oracles reducing any security concerns or worries about market manipulation.

Oracle is the first protocol on BSC that provides a token minting facility with minimum to no collateral required.

Behind The Team

Firms associated with Octopus Protocol’ advisors include SEBI, Citibank, McAfee, First Abu Dhabi Bank and many more.

Tokenomics

On top of that, $OPS can be used by participants to govern the Octopus Protocol, ensuring consensus about decisions and a decentralized network. $OPS can also be staked for rewards or used to incentivize actions across the Octopus Protocol EcoSystem.

  • Total Supply: 150,000,000

Join Octopus Protocol’s DeFi revolution: enter the whitelist lottery HERE.

*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which vary per project on a case to case basis. For a list of Octopus Protocol specific restricted KYC countries, check HERE.

**Tokens in circulation may be lower than the total market supply as the supply depends on the number of tokens purchased.

***Octopus Protocol is a BEP-20 project being launched on the Binance Smart Chain. If you are participating in the whitelist please see our instructions article about connecting your Metamask wallet to the Binance Smart Chain in order to be able to redeem BEP-20 tokens.

About Octopus Protocol

About Ignition

Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform; it FUELs projects and takes fundraising to the next level.

Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.

About PAID

PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly.

For any questions for the PAID network, please feel free to reach out to us on: