Octopus Protocol is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Octopus Protocol are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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About Octopus Protocol
A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Octopus Protocoltoken by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
What is Octopus Protocol?
Octopus Protocol provides access to real-world assets by enabling a platform to create, exchange, settle, and manage synthetic assets. It allows user to create synthetic asset that 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 trader’s portfolio under one network.
Octopus Protocol Supply
There are 26,354,175.98 OPS in supply worldwide.
Pros and Cons of Octopus Protocol
Pros of Octopus Protocol
- There is a surge in the market price currently
- Project whitepaper available
- There is a community (Medium)
- Contract on Binance Smart Chain
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Octopus Protocol
Cons of Octopus Protocol
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Octopus Protocol Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Octopus Protocol have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Octopus Protocol Safe?
Being willing to invest in any token is a question entirely up to you to answer. Octopus Protocol token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Octopus Protocol on the comment section below. Don’t forget to rate and leave a review.