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With the Bitcoin halving expected in April, investors are searching the cryptocurrency market for potential opportunities to ride the wave. Among the plethora of options, Octoblock (OCTO) stands out as the only ICO airdropping USDC returns to its holders.
What is a crypto airdrop?
A crypto airdrop refers to distributing free cryptocurrency tokens or coins to users’ wallets. Airdrops are often used as a promotional strategy by blockchain projects to increase awareness. They reward loyal users and stimulate the adoption of their digital assets. Participants in airdrops may need to meet certain criteria, such as holding a specific amount of a particular cryptocurrency or participating in community activities. Overall, crypto airdrops allow users to add diversity to their crypto portfolios.
Understanding Octoblock
Octoblock is a new decentralized finance (DeFi) project on the Binance Smart Chain. It aims to build an innovative ecosystem that serves the interests of community members and creates tangible social impact.
Holding OCTO tokens will grant investors a 45% share of the earnings generated by Octoblock’s revenue system, the Nautilus Trove. The earnings will be distributed in USDC stablecoins through monthly airdrops proportional to each holder’s stake. The timing and valuation of these airdrops will remain undisclosed. The platform will reveal it when a snapshot of holdings is taken to ensure fair distribution and deter manipulation. OCTO holders will also gain access to Saltwater. It’s an engaging Octoblock sweepstake that will allocate 5% of profits to randomly selected addresses.
A portion of Octoblock’s revenue will be allocated to the Tentacle Trust. That’s an integrated charitable fund supporting organizations focused on conserving our oceans and marine life. OCTO holders will vote monthly to determine the beneficiaries of the trust’s donations. Thus, investors will indirectly yet effectively contribute to the fight against the adverse effects of human activities on marine environments.
Octoblock will also democratize the yield farming process through its Crowd Funded Yield Farming (cFyF) technology. cFyF will allow participants to combine their resources in communal pools. The merged capital will grant the communal yield pools access to yield farming opportunities with higher rates, providing increased returns for all participants. Additionally, cFyF participants are granted governance rights, enabling them to influence the policies and direction of yield farming platforms.
The Octoblock ICO
Unlike traditional ICOs, where tokens are distributed post-sale, Octoblock’s ICO tokens are immediately included in a staking process upon acquisition. Every week, investors receive OCTO tokens credited directly to their account balances through airdrops. The airdrop APYs (Annual Percentage Yields) will be calculated based on OCTO pricing at each offering stage. It will be displayed on Octoblock’s website, giving investors real-time information about their potential returns.
The first successful Octoblock OCTO airdrop was on April 9. The $100 worth of OCTO was valued at $124, indicating an exceptional APY of 185.5%. Concurrently, the Octoblock team announced that the Nautilus Trove had received its first USDC stablecoin installment, comprising 3.95% of the Total Value Locked (TVL). The team added that this meant the Trove would begin airdropping USDC stablecoins alongside their favorite octopus tokens. The inclusion of the stablecoins enhances stability and flexibility in investors’ investment strategies, enabling the ICO to cater to a broader range of preferences and risk profiles. The ICO is currently in Phase 3 of 14, with the next airdrop expected on April 15.
For more information on Octoblock:
Website: https://octoblock.io/
Buy OCTO: https://reef.octoblock.io/register
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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