With the Octoblock Initial Coin Offering (ICO) progressing swiftly, crypto watchers suggest that airdropping of stablecoins could be the key driver for its success.
What are stablecoins?
Stablecoins are a type of cryptocurrency whose value is pegged to another asset class, mostly on a 1:1 ratio. The most popular kind of stablecoins are fiat-backed, meaning they are tied to currencies such as the U.S. dollar. Unlike other cryptocurrencies, which often experience significant price volatility, stablecoins provide a more reliable store of value and medium of exchange within the crypto ecosystem. They achieve stability through various mechanisms, such as collateralization, algorithmic adjustments, or a combination of both. Stablecoins therefore play a crucial role, helping to bridge the gap between the traditional financial system and the blockchain space.
What is Octoblock?
Octoblock is a new DeFi (decentralized finance) project that seeks to build an ecosystem encompassing a range of products and services that cater to the vast financial needs and preferences of users.
Octoblock will offer innovative sweepstakes that not only provide entertainment but also tangible rewards. For example, the Saltwater sweepstake will randomly distribute 5% of the profits made by Octoblock’s revenue-generation system, Nautilus Trove, to selected addresses within the community. Octoblock will also allow users to contribute to licensed charity organizations through integrated trust accounts. Its Tentacle Trust will help organizations involved in the conservation of oceans and marine life thereby helping to preserve our world for future generations.
Additionally, Octoblock’s Crowd Funded Yield Farming (cFyF) technology will help DeFi users maximize their returns by facilitating collective participation in higher-yield farming activities. Moreover, Octoblock will facilitate seamless asset swapping and bridging across blockchains through the launch of its cross-chain platform, Coral Cove.
What’s most intriguing is that OCTO token holders will be entitled to 45% of the profits made by the Nautilus Trove. Octoblock will distribute these rewards through monthly airdrops in USD Coin (USDC), a stablecoin pegged to the U.S Dollar.
Unveiling Octoblock’s ICO
The Octoblock Initial Coin Offering (ICO) started on April 1st and has quickly progressed, reaching phase 5 after just 24 days. OCTO is currently selling at $0.039 with a 11% bonus. However, aside from being able to get in on the ground floor at discounted prices and with substantial bonuses, the Octoblock ICO has enticed investors with its unique offerings.
One such offering is the immediate inclusion of every token purchased during the ICO into a staking mechanism that provides investors with weekly rewards through airdrops, adding a dynamic incentive. The Annual Percentage Yields (APYs) for the ICO airdrops are intricately calculated to align with the OCTO price in each phase and will be prominently showcased on the Octoblock website to provide transparency and clarity to investors.
The premier Octoblock ICO airdrop on April 9 offered an impressive APY of 185.5%. The second airdrop on April 15 provided a 165% APY and included USDC alongside OCTO tokens, the third airdrop on April 22 provided a
Moreover, each token purchased during the ICO grants an entry into Octoblock’s exclusive giveaway, where one participant will secure a new, fully-option 2024 Tesla Model 3. This initiative not only enhances engagement but also showcases Octoblock’s dedication to environmental sustainability.
For more information on Octoblock:
Website: https://octoblock.io/
Buy OCTO: https://reef.octoblock.io/register
