AMA (18 March 2021) The Octagon Ceremony

OctoFi

Quick recap summary

Did you miss our Octagon Ceremony AMA?

We began by introducing the Octagon council members
and answered community submitted questions. Then we went full ALPHA LEAKtopus:

🚀 Launchpad private sale platform exclusive to $OCTO holders launching by end of month
💰 Fee distribution for March set to be MUCH bigger than in February
👛 Browser extension on the way with cashbacks for users and OCTO holders
⛽️ Take OctoFi everywhere and it's like a gas rebate for high fee months gone by
⛓ Extension working by default on different chains and making it easier to use DeFi and NFTs

Original post below

AMA starts 18 March at 808pm GMT

Check your timezone here.

Broadcasting live to:

Some members will be present only on Telegram.

The Octagon Ceremony AMA

The eight council members have been elected and inducted, so let's celebrate by talking about what the future holds.

The Octagon:

Cameron from @Crypto_Daily
Octo Saylor himself @_RN03xx_
SPECTRE GRP's own @ToastOfCT
The infamous meme artist @MaOcto
Quora wordsmith and 420.ETH @TMod_Marco
Holy Father himself dev chad @darnboo
OG wordsmith IYKYK @OCTOAK88
Octo's first dev contributor @natejessen

The Agenda:

Get to know The Octagon members
Learn what we have planned ahead
Alpha leaktopus and prizes to be won

Submit your question below (ONE ONLY) and complete steps in this tweet, for your chance to win 8 $OCTO in prizes!

HarshitTiwari

OctoFi What kind of a role do you see OctoFi playing in the inevitable convergence of NFTs and DeFi, given that OctoFi is already working actively on both. How will OctoFi help bring the best of both worlds to us?

Crypt_titulaer

When VCs are interested, in what kind of decentralized construction would it be possible for them to join the frentacle without hurting the DeFi and 'No VCs' part?

Crypt_titulaer

Crypt_titulaer
Hw83ja94

Crypt_titulaer

What is the MVP of Octo.fi to start the marketing plan?

kasany

From an investor's perspective, the DeFi market is exploding to the point where it appears to be a red ocean, but why do you think the DeFi project is being carried out and what are the strengths OCTO can show compared to other DeFi?

kasany

kasany J93hs83j

thihuyen93

✅ Anonymous team Projects can't be trusted like public team. Can you tell us more about team background & Are their any chance to remain public in future?

nguyenthuthuy90

Why is the team behind OctoFi anonymous, don’t you think it can affect investors decisions ? Do you plan to disclose the identity of the team in the future ?

nguyennhu2908

Who is the most Important Person in the Octagon in your opinion?

den

With the gas fees that in the ethereum ecosystem will go lower in the next future, what benefits do you think you will have the most and how do you plan to take advantage from it?

Icebags

The biggest hurdle for ERC-20 tokens is gas fees. And probably is a big concern for new/smaler investors. I dont see the gas fees changing anytime soon. In my opinion it is a good idea to list Octo on a lower-tier CEX to take adventagee of new/smaller investors in the short/mid term. One CEX to onboard new investors and then educate them about OctoFi. This of course depends on the progress with swaptopus and how it will effect transaction costs..

So my question for the Octagon is: How do you feel about listing Octo on a lower-tier CEX to escape gas fees in the short term?

kabannnn

This is my first time entering a defi project, you are recommended by many from other communities, can you explain why you might be so popular in the future?

Freechc

Hello sirs, is the airdrop legit??

jaja JK. My real question is. Is there any advance on the plan for Chrome extension side project? How would you visualize the extension utility, and are there any talks about its incorporation on the roadmap?

Thanks for your job frentacles.

TMod_Marco

Freechc There is no airdrop (I'm choosing to reply to that part in advance, as I'd hate to see anyone get scammed). There is however 100% fee distribution from the platform to OCTO token holders, on a monthly basis.

Hauska

What do you think will be the evolution of the Defi space in the next year?

Hauska

Hauska K309su0s

NuriStar

Is there a plan to implement staking with just OCTO tokens? Because of gas fees it is undesirable now to stake with LP tokens for newcomers. ( trading, approving, making lp tokens, approving again, and finally staking ) It takes ~ 150$ to start farming.

Crypt_titulaer

NuriStar
Staking with octo is already there. Just hold in your wallet!

snowman888

Is there a priority list the Octagon has compiled for their first initiatives? This could be from marketing strategies to proposed features that will further distance OctoFi from the pack.

Kaido

I appreciate that the team is always open to new ideas and "pivoting" from the current path to stay ahead of the ever changing Defi landscape. You have hinted at the next slight pivot that could be a game changer for Octo. Can you please go into a little more detail about what that will look like?

Kaido

Kaido 7sIg62jd

Octozilla

Is there a plan for the publishing of official meeting notes for all interactions within the Octagon? outside of checking all active forums so that community members have a clear concise perspective on what the team is working on/discussing.

Eljo58

I think we all agree that DeFi will become mainstream.

When I show OCTO to people who are not into crypto and DeFi, they see lots of memes and they get the impression that it's not something really serious (got this feedback from non-crypto friends)

How will you deal with people who are entering DeFi as a newbie, so that they take OctoFi serious, and don't see it as a meme? Or better asked: How do you intend to be as serious as possible with keeping the memes and the tentacult alive?

MsKiwi206

Until what corner of the world do you plan to arrive? that is, to what extent in the world do you think OCTO will be solving people's problems with their infrastructure?

TranAnh

What’s your motivation in making OCTO Token, and what we will see in future? How can token holders benefit with OCTO tokens?