Generalize
Information
Octopus Protocol provides access to real-world assets by enabling a platform to create, exchange, settle, and manage synthetic assets. It allows users to create synthetic assets that impart exposure to any real-world asset such as commodities, stocks, bonds, gold, and even cryptocurrencies. The Octopus Protocol combines a multitude of products under its ecosystem to facilitate complete engagement with synthetic assets under one platform. Its broader ecosystem allows users to capture the wider value from the creation of synthetic assets, exchanging decentralized derivatives to the management of a traders portfolio under one network.
Who are the founders of Octopus Protocol? Obaid Bin Touq, the co-founder of Octopus Protocol, is a Dubai UAE businessman who has led 13 successful entities. He has been heading Bin Touq Fire and Safety, a leading fire protection engineering company in Dubai UAE for 11 years.
Monk is the CEO and co-founder of Octopus Protocol. One of the early believers in the crypto space and a software developer by profession, he has been heavily involved in several activities in blockchain projects. Monk has been bootstrapping to build a DeFi project before the term DeFi became predominant.
What makes Octopus Protocol unique? Octopus Protocol uses Binance Smart Chain (BSC) blockchain network. It is one of the first projects that leverages BSC solution to build a synthetic assets protocol. Due to this unique advantage, it has attracted several leading investors including Master Ventures, Titans Ventures, DCI Capital, along with different technological partners.
Octopus Protocol offers a competitive advantage of enabling an affordable solution facilitating decentralized derivatives trading. The inherent architecture of Octopus offers an affordable solution to mint tailored synthetic assets by reducing the requirement for high collateral (in terms of value).
Information
Answers
Coin ranking
Popular Q&A
- What are the key opsec responsibilities that individuals and companies need to consider in order to protect their digital assets in the cryptocurrency industry?2021-11-27
- What is the role of opsec policy in ensuring the security of cryptocurrency transactions?2021-11-27
- How does opsec contribute to protecting cryptocurrency investments from potential threats?2021-11-27
- What are the potential applications and benefits of opsin in the cryptocurrency market? How can opsin technology impact the future of digital currency?2021-11-27
- Can you provide a detailed explanation on how to use opskins for buying and selling cryptocurrencies?2021-11-27
- Are there any events or promotions in Black Ops 3 that provide double cryptokey rewards? I'm looking for ways to earn more cryptokeys in the game and I'm wondering if there are any special events or promotions that offer double rewards. Can anyone provide information on this?2021-11-27