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Cryptocurrencies:  7,545Markets:  31,643Market Cap:  $394,126,800,21624h Vol:  $90,085,300,452BTC Dominance:  62.5%
Market Cap:  $394,126,800,21624h Vol:  $90,085,300,452BTC Dominance:  62.5%Cryptocurrencies:  7,545Markets:  31,643

200k $OCTO Project Funds has been locked via team.finance

200k $OCTO Project Funds has been locked via team.finance

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200k $OCTO Project Funds has been locked via team.finance

Published on October 17, 2020 07:43 GMT+0

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Hey Octonauts,

Recently we've faced a lot of FUD, but we stayed strong as our project is built with transparency and good intentions in mind. Also for us, FUD is an inspiration to improve. One concern being mentioned is the possibility of a "rug pull" from the project reserve. We can understand that trusting anons is hard and calls for a third party solution. To prevent FUD in the future regarding "rug pulls" of the project reserve, we want to implement a solution to address concerns.

1. Locked 200000 OCTO for 1 year until 18.10.2021 12pm UTC

Check: 

https://etherscan.io/tx/0x8f68ec1d2a52e331236d3aa84a8e9fac1286863014ca314d89e14c5beb5a58f1

https://team.finance/view-coin/0x7240aC91f01233BaAf8b064248E80feaA5912BA3?name=Octo.fi&symbol=OCTO (3th Party audit proof and 100% smart contract based solution)

2. Streamed 25000 OCTO over 6 months back into the project reserve

Check:

https://etherscan.io/tx/0xa2ad62c6a4a05d48327fdf53167be7684d83fd296f28daff2e4354703ebd928e

https://app.sablier.finance/stream/867

As decided OIP-09

https://snapshot.page/#/octofi/proposal/QmS5eSLxrPa8XjihaPwYLXvy8BGBf7UrbXsK2UujdrrUrL