Buy OctoFi (OCTO)
What is OctoFi?
OctoFi is an open-source decentralized finance (DeFi) platform designed to enable users to invest in DeFi products through a user-owned platform. It aggregates numerous opportunities using 'decentralized finance tentacles' and aims to provide a transparent and anonymous solution for investment management, non-fungible tokens (NFTs), and various DeFi products.
How does OctoFi work?
OctoFi operates on the Ethereum blockchain, leveraging the blockchain technology to ensure transparency, security, and efficiency in financial management. Key components include:
- Blockchain Technology: Built on Ethereum, utilising ERC-20 tokens.
- Consensus Mechanism: Follows Ethereum's Proof of Stake (PoS) mechanism post-Ethereum Merge.
- Smart Contracts: Utilised for governance and verified by third-party firms for security.
- Tentacles Project: A central part of the ecosystem, focusing on participation and incentivisation through OCTO tokens.
- Cashback Mechanism: Provides cash back for transactions made on trusted DeFi and NFT platforms.
What are the potential use cases for OctoFi?
- DeFi Portfolio Management: Offers a dashboard for tracking and investing in DeFi opportunities across multiple blockchains.
- Cashback Mechanism: Provides incentives for transacting on DeFi and NFT platforms.
- Perpetual Futures Trading: Facilitates trading with advanced risk management.
- Cross-Blockchain Transactions: Supports multiple blockchains for seamless transactions.
What is the history of OctoFi?
OctoFi was founded in 2020 with a commitment to decentralisation and anonymity by its founders, known as 'Dr. Octavius' and 'Mr. OG'. Key milestones include a pre-seed funding round completed in June 2020 and the official launch of the OCTO token in November 2020. The platform has consistently updated its features and integrated additional blockchain technologies, focusing on DeFi and NFT markets.
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Frequently Asked Questions (FAQs)
What is the current price of OctoFi (OCTO)?
The OctoFi price is $0.52052668 AUD, representing a -7.1% from the day prior.
Where is the best place to buy OctoFi (OCTO) in Australia?
The best place to buy OctoFi (OCTO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell OctoFi (OCTO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of OctoFi (OCTO)?
The trading volume of OctoFi (OCTO) is $7.9K AUD in the last 24hrs, representing a -7.1% from the day prior.
How can I buy OctoFi (OCTO)?
OctoFi (OCTO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of OctoFi (OCTO)?
The current market cap of OctoFi (OCTO) is $179.2K AUD.
Can I convert OctoFi (OCTO) to cash?
Yes - With Coinstash you can convert your OctoFi (OCTO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many OctoFi (OCTO) are there?
The current circulating supply of OctoFi (OCTO) is 352.9K.
Is Coinstash a safe place to buy OctoFi (OCTO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling OctoFi (OCTO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.