With Octoblock (OCTO) offering staking during ICO, investors buying with Ethereum (ETH) could be on the brink of a potentially lucrative opportunity.
Ethereum (ETH) price
The Ethereum (ETH) price faced rejection from the $4,000 level in March and has since struggled to recover. Attempts to reclaim the $3,500 level have also been unsuccessful, leading to further downward movement. Currently, ETH is nearing the $3,000 support level, accompanied by a drop in the Relative Strength Index (RSI) below 30%, which indicates oversold conditions. This suggests a potential opportunity for a price rebound, possibly from the $3,000 support zone. Analysts maintain optimism regarding ETH’s future trajectory, pointing to potential catalysts such as the approval of Ethereum ETFs and the upcoming Bitcoin halving.
What is Octoblock (OCTO)?
Octoblock is a new protocol that combines decentralized finance (DeFi) fundamentals with Game-Fi mechanics to create a secure, profitable, and socially impactful ecosystem.
Nautilus Trove, Octoblock’s revenue-generating system, will receive an initial capital injection from contributors, which will serve as the foundational seed funding. The Trove will then receive asset inflows from the tax incorporated within the tokencomics and revenue from cumulative gains throughDeFi strategies. The system will allocate 75% of the funds to DeFi strategies and 25% to diversified investments, such as stocks, ensuring a balance of stability and growth for the ecosystem.
Half of the revenue generated by the Nautilus Trove will go to OCTO holders, with 45% based on the number of tokens they hold, and 5% distributed randomly to addresses through Octoblock’s Saltwater Sweepstake. An address’s likelihood of winning increases with the quantity of tokens it possesses, ensuring an equitable chance for participants.
Sustainable Crypto Meets Marine Conservation with Trove and Coral Cove
Revenue from the Trove will also fund the Tentacle Trust, a charitable account that will support organizations dedicated to conserving and combating the effects of humans on marine ecosystems. OCTO holders will conduct monthly votes to determine the beneficiary of the trust’s donations, contributing indirectly but effectively in the fight against environmental degradation.
Octoblock will also enable seamless asset swapping and bridging across blockchain networks with its cross-chain platform, Coral Cove. The platform will require low transaction fees, have high security measures, and strategically utilize liquidity aggregation to provide the most optimal transaction routes, thereby eliminating the need for multiple services or platforms.
The Octoblock ICO
The Octoblock Initial Coin Offering (ICO) entered its second phase on April 5, offering OCTO tokens at $0.036. Aside from discounted token prices, ICO participants will also receive token bonuses, with the current phase offering 14%. Additionally, Octoblock is holding a special Tesla giveaway, with every OCTO token purchased in the ICO providing the buyer one entry into the giveaway.
Moreover, participants have the advantage of inclusion in the ICO staking process immediately upon acquiring OCTO tokens. Weekly distributions of OCTO tokens will be credited to investors’ accounts, with the Annual Percentage Yield (APY) calculated based on the token’s price at each stage. This strategic APY staking mechanism not only serves as a means to express gratitude to early investors but also ensures active capital utilization throughout the ICO phase, setting Octoblock’s ICO apart.
To get more information on Octoblock:
Website: https://octoblock.io/
Buy OCTO: https://reef.octoblock.io/register
