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, we are providing the following comprehensive details on token holdings and use of tokens to date. We also provide transparency reports on a monthly basis.
Summary
Update regarding locking of liquidity pool tokens:
- We made a mistake in rush, putting the wrong (too early) unix timestamp into the contract fields
- Luckily someone inside the community told us, as we assumed we'd implemented correctly, and hadn't re-checked the timestamp
- Don't trust, verify... team.finance page
We have executed the following steps:
1. Withdrew the LP pairs:
Result: Proof its possible to withdraw the funds after locking period ends and its not possible for the team.finance team to steal funds after locking period ends.
2. Locked both LP pairs again for 1 year
- OCTO / ETH locked until 12/12/2021 @ 12:00am (UTC)
Overall conclusion
- Never trust and always verify
- Thanks to our community as with your feedback you help us to improve and make us stronger
- Team.Finance contracts are safe and audited, we verified again the security of our funds
The results are reflected on our team.finance page. You can also verify for yourself on-chain, as with smart contracts everything is possible to verify.
How to verify on-chain
1. Go to contract
Visit etherscan.io/address/0xdbf7...220a#readContract and scroll down to "5. getDepositDetails" to paste each query id shown below.
2. Verify OCTO / ETH Pair
3. Verify OCTO / USDC Pair
4. Verify 200,000 OCTO
Please note: To convert the unlock time from unix timestamp (eg. 1634558400) simply copy and paste into a unix time converter like this one: unixtimestamp.com/index.php
Warm regards,
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](mailto:hello@octo.fi)
