The Octopus Protocol is launching a new $OPS BuyBack Program 2.0.
Octopus is a decentralised protocol for generating, exchanging, setting and managing synthetic assets. The protocol allows for the creation of synthetic tokens and their trading via decentralised derivatives. Octopus protocol makes use of cutting-edge technical solutions such as blockchain and smart contracts to create a platform for decentralised derivatives engagement.
They indicated that they’ve been having difficulties since the last incidents, and that it’s been a terrible scenario for everyone on the team including the community. The team has worked relentlessly to ensure that the project is up and running as quickly as possible, with plans for revival which has shown to be highly successful thus far.
As previously stated, both BitMart and Gate.io now trade V3 OPS Tokens; all V2 token holder on wallets have received V3 Tokens; deposits and withdrawals are currently available on BitMart, with Gates.io to follow soon.
Trading
According to Cryptogeek, BitMart trading volume is 424,500,917.0. The exchange has 183 available trading pairs while the trading volume on Gate.io is 61,552,210.0.0 in which has 395 trading pairs. The fact that larger number of possible trading pairs gives more trading options is the reason why we choose to operate with these exchange platforms.
Buy Back Program
The Octopus Protocol is excited to announce the launch of their $OPS Tokens Buy-back Program 2.0, in which the team will buy 2 million OPS Tokens from exchanges, BitMart and Gate.io, on November 29th at 5PM UTC.
Their most recent BuyBack had a huge beneficial influence on the asset price, resulting in a $OPS price increase of more than 1200 percent. They can only imagine how the next one will be: The team is convinced that it will have more time to market and spread knowledge about the BuyBack program.
The 2million $OPS that were purchased will be split into two parts, with 1 million OPS Tokens vested for a year and other half burned and removed from the Total Supply.
The Octopus team has always prioritised the community when developing the greatest Synthetic Asset and Derivative Market Product available. The buyback program will demonstrate their dedication to and belief in the project, as well as ensuring $OPS Token’s long-term growth. The team hopes that this campaign will assist them to reignite the faith that people once had in them.
Once the platform is launched, the team will use the fees produced to perform quarterly buy-back programmes of $OPS token from the market for the next two years after the platform is live. The team has since switched its focus away from development and toward resurrecting the project; they are now focusing efforts on product development and reforming every other part of the project.
They are pleased to report that they have returned to their original schedule; however, they do not know what to expect next.
On the 30th of November, they plan to release the Staking DApp and add liquidity to PanCakeSwap, after which attention will be focused on launching the MVP, re-launching the Ambassador programme, and onboarding additional people to help spread the word to the community.