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Octopus protocol offers interesting features to investors 

Octopus is an open protocol built to exchange, create, settle, and manage synthetic assets. The protocol enables the issuance of synthetic tokens, as well as their exchange through decentralized derivatives. Octopus Protocol leverages innovative technological solutions such as smart contracts and blockchain to facilitate a platform for engagement with decentralized derivatives. The company aims to offer unparalleled access and exposure to real-world assets through a trustless architecture.

Market participants often try to develop DeFi protocols facilitating architecture for tailor-made synthetic tokens due to the benefits of issuing derivatives on the blockchain. But market protocols usually demand greater requirements of collateral in exchange for minting such tokens on their platform. However, Octopus Protocol plans to provide an affordable solution and accessible infrastructure. It may achieve that by reducing the gap between creating tokens and collateral, thus facilitating an optimal solution for DAO and developers to issue synthetic assets.

Octopus’s trustless architecture enables developers, decentralized autonomous organizations (dao), and individuals to create and deploy synthetic assets on the BSC network. These synthetic assets are built on the blockchain. However, they can also represent an underlying asset in the physical world.

Furthermore, synthetic tokens track the real-time price of an underlying asset and even give exposure without owning the real-world asset. Users can trade tokenized synthetic assets directly on a peer-to-peer network.

Automated smart contracts govern the entire operation of minting and trading synthetic tokens in the Octopus ecosystem. As a result, there is no need to rely on a third-party intermediary.

What about the OPS token?

The platform’s native utility token OPS is ERC20. The price is 0.15 USD per token during the ICO. Octopus is releasing a total of 150,000,000 tokens, but only 33% are available for sale.

OPS offers various advantages to its holders, such as unparalleled access to real-world assets, minimal usage of oracles, limitless design possibilities, customized derivative contracts, and governance.

 

 

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