We want to keep going with our aquarium transparency reports in an effort to provide full transparency for the actions of OctoFi.
Since the token deployment on 17 August 2020, we've been providing the following comprehensive details on token holdings and use of tokens to date.
We will provide transparency reports on a monthly basis going forward.
Recap
Deployer Wallet
Total Spend:
Total Reserve (08.10.2020)
Yield Wallet
Total balance:
You will notice that the two largest holders equate to 56.97% of the total 800k supply. These combined holdings actually belong to the community in the form of:
- Project Reserve: budget allocation that community will spend based on governance proposals and voting as detailed here
- Interest Program: allocated to interest yielding contract split evenly between runtime payouts and airdrop rewards as explained in detail here (Another OIP will decide of the usage of the left over from Yield Wallet)
Community governance is a major focus for the OctoFi project and as such we will be encouraging proposals and voting.
Best greetings from Dr. Octavius
DISCLAIMER
This transparency report does not constitute nor imply a prospectus of any sort. No wording contained herein should be construed as a solicitation for investment. Accordingly, this transparency report does not pertain in any way to an offering of securities in any jurisdiction worldwide whatsoever. Rather, this transparency report constitutes a description of the development and distribution of OCTO. Do not trade or invest in any tokens, companies or entities based solely upon this information. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. Investors should conduct independent due diligence, with assistance from professional financial, legal and tax experts, on topics discussed in this document and develop a stand-alone judgment of the relevant markets prior to making any investment decision.
This document does not constitute nor imply a final technical specification of OCTO. Information presented in this transparency report, technical or otherwise, is meant to outline general ideas, designs and use-cases and is subject to change with or without notice. For the latest up-to-date technical specifications, check out the updates and documentations on the official website www.octo.fi. The graphs, charts and other visual aids are provided for informational purposes only. None of these graphs, charts or visual aids can and of themselves be used to make investment decisions. No representation is made that these will assist any person in making investment decisions and no graph, chart or other visual aid can capture all factors and variables required in making such decisions.
While this transparency report was compiled with the greatest care possible, it cannot be guaranteed that all information is complete or accurate. The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. No representations or warranties are made as to the accuracy of such forward-looking statements. Any projections, forecasts and estimates contained in this document are necessarily speculative in nature and are based upon certain assumptions. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond control. It can be expected that some or all of such forward-looking assumptions will not materialize or will vary significantly from actual results. For any questions on a specific subject covered in this document, please contact us on hello@octo.fi
