Octopus Protocol priceOPS $0.000971

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.

Who are the founders of Octopus Protocol? Obaid Bin Touq, the co-founder of Octopus Protocol is a Dubai UAE businessman who has led 13 successful entities. He has been heading the Bin Touq Fire and Safety, a leading fire protection engineering company in Dubai UAE since 11 years.

Monk is the CEO and co-founder of Octopus Protocol. One of the early believers in the crypto space and a software developer by profession, he has been heavily involved in several activities in blockchain projects. Monk has been bootstrapping to build a DeFi project before the term “DeFi” became predominant.

What makes Octopus Protocol unique? Octopus Protocol uses Binance Smart Chain (BSC) blockchain network. It is one of the first projects that leverages BSC solution to build a synthetic assets protocol. Due to this unique advantage, it has attracted several leading investors including Master Ventures, Titans Ventures, DCI Capital, along with different technological partners.

Octopus Protocol offers a competitive advantage of enabling an affordable solution facilitating decentralized derivatives trading. The inherent architecture of Octopus offers an affordable solution to mint tailored synthetic assets by reducing the requirement for high collateral (in terms of value).