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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DEFI] ⚡️ Octopus Option⚡️ Decentralized derivatives on-chain
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on: November 18, 2020, 10:49:16 PM
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Hello All,
I love the idea of decentralized options. Not only would one be able to write their own contracts, but the on chain storage is a perfect record keeper for all things like taxes. This also should reduce costs and put DeFi and cryptocurrency as a whole into the spotlight even more. Good Job!!
Cheers, Waya
At the beginning it wouldn’t be possible for a user to create their own contract for liquidity issue. But we aim at doing that. It’s very cool if you believe ETH will go up , you can sell a put, earn a premium, and if it goes up you loose nothing but you make money with the premium. In the end we want a very easy way for our users to buy and sell complex strategies, For example:1- Today if you believe the bitcoin will be very volatile but you don’t know if it will go up or down, you can’t make a profit... with our platform you’ll be able ! 2- If you believe the bitcoin (or any other wrapped or ERC20) will remain stable, at the moment you can’t make money , with our platform it will be possible. When synthetic equity will be available on-chain you could sale option on Tesla or Apple which currently only investment bank can do ! It’s really a huge step to bypass the banks and bring peer-to-peer finance to another stage.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DEFI] ⚡️ Octopus Option⚡️ Decentralized derivatives on-chain
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on: November 18, 2020, 10:39:16 PM
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We currently don’t plan a public ICO, our token will be distributed for free to our users. However we also have in the pipe other way to make the distribution at the beginning.
Huh, so will be distributed for free. But I wonder how was the plan? through airdrop? If yes, I want to get notice once the form is displayed somewhere;D Great that this token will not be distributed to all addresses that currently holding some eth inside like the most bad airdrop technique, those who get their tokens are short-lived and never have a price. It’s not for free it’s more complex. Basically the option pricing theory give a fair value to an option. To calcule a fair value the basic model for example is Black And Scholes which requiere the computation of implied volatility. Implied volatility is a parameter extracted from the option price on the market. So without an existing market you can use proxy to price the option. We use an advanced methodology based on artificial intelligence to price the option. The option has it’s own price in the Uniswap pool. If the price in the Uniswap pool is below the price we calculate as the fair price, we will compensate by distributing KIBO our governance token to our users. This token will be used for the governance but later be used to pay the premium of the option when you want to buy an option. We will boost the amount of token distributed at the beginning to gain traction in the project.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DEFI] ⚡️ Octopus Option⚡️ Decentralized derivatives on-chain
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on: November 18, 2020, 10:29:26 AM
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I updated my F6s , lauren updated her LinkedIn .... do you really want us to update all our social network ? To be honest my facebook still shows my student job We aren’t doing an ICO so what we put on our social networks I would say is our personal life. We target at this stage institutional investors, ventures, private investors to joint our financing round. They know how to do their KYC, we never had any issues so far.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DEFI] ⚡️ Octopus Option⚡️ Decentralized derivatives on-chain
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on: November 17, 2020, 10:23:30 PM
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Ah, there's no subscribe button to get notifications via email, I guess that's necessary because a lot of projects do that. So where is the tokenomics information? people may be interested in looking at token allocations and their shares. Also a project certainly requires funding, right? so what's your funding plan? an IEO on exchange to be announced?
You are right, however at this stage the founding is private, we will share information if the compensation is made via token some investors prefer equity it’s under discussion. We currently don’t plan a public ICO, our token will be distributed for free to our users. However we also have in the pipe other way to make the distribution at the beginning.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DEFI] ⚡️ Octopus Option⚡️ Decentralized derivatives on-chain
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on: November 17, 2020, 06:44:49 PM
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Thank you for your question, it's always healthy that someone check the team:
I personally stopped to update my LinkedIn for personal reason (mainly privacy) i was personally awarded with "the 30 under 30 quantitative analyst of the year" for my paper about blockchain interaction with clearing houses, and i don't mention it on my social network... however, feel free to contact each of us on any social platform to confirm we work on it.
I assume that the underlying question is: are we a real project ? Yes we are, we created DeepBlack.io all together (btw only Lauren mention it on her LinkedIn) it’s a NFT smart-contract which received more than 5000 transactions without a flaw. We don't mention it neither on our social network, whereas the project was launched one year ago and still work.
We are in the process of finalising our first round with private investors for OctopusOption after several in-person meeting and lawyers contacts, if someone is interested to invest we can of course give references of these investors, meet in person in London or online.
At this stage we target private investors, who know how to do their KYC, in the case we have to make a public ICO we keep your suggestion to keep our social network more up to date.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DEFI] ⚡️ Octopus Option⚡️ Decentralized derivatives on-chain
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on: November 17, 2020, 12:21:43 PM
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hello are the Octopus product services available at the moment I browse the web don't see anything that can be done other than that also on social media channels there is no latest news from this project, how can we see the developments that are happening in the Octopus project
No the product isn’t available at the moment we are still working on the protocole. We have been very busy with the development part and financing from private investors, but we are now in the phase of building our community and we will be way more active on social networks.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DEFI] ⚡️ Octopus Option⚡️ Decentralized derivatives on-chain
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on: November 17, 2020, 12:15:43 PM
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Based from your roadmap, the release of your mainnet will be this month. Will this happen or probably will have delay in launching your mainnet? Also, have you finished the beta testing? Hello, We will update the roadmap, we expect the testnet before the end of the year and the mainnet begining of next year, feel free to share your interest if you want to be added to the list of user once the testnet is released. Unfortunately the lockdown, and some member of the team infected with the virus caused a bit of delay in the project.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ✅✅✅ [ANN] BitAIrt - World First AI Art on the blockchain- CES Las Vegas 2020 ✅✅✅
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on: June 24, 2020, 10:52:07 AM
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Because the more we sell, the more traction we have, the more famous is the project. Wouldn’t be fair that first supporter pay the same amount than last entrant who discovered the project when it become mainstream.
Yes, that's only fair for those early buyers of your digital art. It means, even at the start, they already believe on this project. And also congratulations for listing your artworks at OpenSea. But how do you determine the selling price of your art, like there are 0.21, 0.25, 0.6 etc. Just want to know the basis of such pricing? Thanks. Thank you, the various prices on opensea are set by the sellers. Not by us. So they decide how much they value their artwork. We have a new website coming very soon as we already sold thousands of artworks.
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Other / Meta / Why not an NFT section ?
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on: February 04, 2020, 01:47:50 PM
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Hi all, NFT and cryptocollectible are gaining lot of traction recently, however the forum isn’t really well adapted to them. I believe it would be nice to have a dedicated section, lot of project are only on Discord, and i believe the NFT could bring some fresh air to the forum.
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