Octane Finance Upcoming Token Sale!
Octane Finance is super excited to announce Octane’s public token sale happening on Trustpad, MantraDao’s Zendit, and DuckDao’s DuckSTARTER.
Sale Summary
- Ticker: OCTANE
- Token type: BEP20
- Sale Price: 1 OCTANE = 0.33 BUSD
- Goal: 500,000 BUSD (1,515,151 OCTANE)
Platform Allocation
- Trustpad: 250,000 USD
- Zendit: 150,000 USD to zendit public sale + 25,000 USD strategic sale with MantraDao Team
- DuckSTARTER: 50,000 USD
- Strategic Sale: 25,000 USD
Sale Dates
Token Sale will happen from 17th Sep, 2021 to 21st Sep, 2021. Launchpad dates are as follows:
- Trustpad: 17th Sep @ 12:00 PM UTC
- Zendit: 21st Sep @ 12:00 PM UTC
- DuckSTARTER: 21st Sep @ 2:00 PM UTC
Steps to participate in IDO
- Trustpad: https://trustpad.medium.com/octane-is-launching-on-trustpad-56eb17af33dd
- Zendit: https://medium.com/mantra-dao/octane-finance-zendit-announcement-participation-pool-details-e2feffaa8024
- DuckSTARTER: https://duckstarter.io/whitelist-form/octanefinance
When Listing?
OCTANE token will be listed on PancakeSwap on 21st Sep, 16:00 UTC and all IDO tokens should be claimable by 16:30 UTC at respective IDO partner platforms.
What is Octane?
Octane is a decentralized rewarding limit order platform launching on BSC but will soon expand to Ethereum and other chains.
Octane follows the optimal capital path for any limit order by using the limit order funds to generate yield. Limit order execution is driven by an incentivized network of executors providing the best execution. You can read more about Octane here
OCTANE Token
OCTANE token has a fixed max supply of 100,000,000 OCTANE with deflationary mechanisms to be built into the protocol.
OCTANE is a utility and governance token. Token will be used in Octane protocol to pay fees while placing limit orders, incentivize executors for providing the best order execution, to govern the protocol, and more. Read more about OCTANE token here.
OCTANE Token Sale & Distribution
OCTANE Token allocation % is as follows:
The seed and private sale details are as follows:
We have raised a total of $1.7M in seed and private sale with each sale having vesting of 1 year. Public sale tokens have no vesting and all tokens will be available at listing.
At listing total circulating supply will be: 2.3% seed and private unlock + 1.5% public sale unlock + ~1% liquidity unlock from foundation reserve (liquidity will be used over time across chains) = ~4.8% or ~4,800,000 OCTANE Tokens.
You can read about token distribution and vesting here
Octane Testnet Beta Is Live
Octane dApp went live in July 2021. Since the launch, they saw more than 5k unique addresses testing their dApp on Rinkeby Test network.
You can read more about how to use the testnet dApp here.
Road Ahead for Octane
Mainnet Beta Launch
Octane is all set to launch their mainnet on BSC soon after the token sale with BNB/BUSD as the first trading pair with more pairs to follow.
Other Chains
Post BSC launch they’ll be launching the protocol on Ethereum with other chains to follow.
OCTANE Token Integration
Post mainnet launch they’ll be integrating OCTANE token into the protocol to collect fees and provide rewards as mentioned here.
OCTANE Token Staking
Community rewards will be given to anyone providing liquidity to OCTANE pools on PancakeSwap, Uniswap and others. Staking rewards for LP tokens will be also added post the mainnet launch.
Bug Bounty & Audits
After the initial mainnet beta, they’ll host various bug bounties and verify their contract through multiple audits.
About Octane Finance
Octane Protocol Token (OCTANE) is a means by which users may utilize and govern the protocol. OCTANE token should not be purchased for speculative investment purposes. OCTANE tokens may lose value or have no value and may have no market.
📰 INFO
https://octanefinance.medium.com/octane-token-sale-a9cb8bf87938
