Octoblock project soars ahead of Cardano in polls as Cardano news attributes the surge to stablecoin airdrops. Octoblock, a new DeFi project is pioneering the latest DeFi trend by airdropping USDC stablecoins during its ICO, a strategy empowering investors through stable digital assets that help them beat volatility.
Cardano news
The past week witnessed an uptrend in all major cryptocurrencies including BTC, XRP, ETH, and DOGE. However, Cardano news reports ADA’s decline and failure to keep in sync with the rest of the pack. The Cardano news was in contrast with the last month when Cardano’s ADA made headlines as the cryptocurrency with the highest development activity. It also posted the most weekly engagements and surpassed ETH and BTC. The Cardano price prediction notes a stable ADA at $0.59 and is taking position for a potential surge to $0.70 or $0.80. However, Cardano has failed to follow suit with the BTC price trajectory and is ranking below par against its counterpart, Solana (SOL).
Octoblock (OCTO): Charting The DeFi Arena
Octoblock has designed comprehensive initiatives that empower users to climb up the DeFi space with confidence. Its Crowd Funded Yield Farming initiative demystifies the DeFi products and services while empowering participants.
Octoblock commits to profitability through the Nautilus Trove which invests the ICO tokens through staking and farming and redistributes profits. The OCTO ICO is live in phase three at $0.037 accompanied by exciting giveaways, The ICO offers a 13% bonus, entry to the Tesla draw, and weekly rewards. The Trove allocates 5% to charitable trusts, 45% as rewards to investors, and 35% is recouped for more profits. Octoblock is giving out rewards based on high APY as indicated on their website.
Octoblock’s allocation to charity is managed through The Tentacle Trust which identifies and organizes a vote to select deserving entities. Its focus is on marine and oceanic life and carbon reduction. Jointly with Tesla, the project runs a promotion where the lucky winner gets a Tesla EV. One OCTO token successfully purchased entitles holders to enter into the draw.
The Saltwater Sweepstake events guarantee a fair reward system according to each participant’s rewards commensurate with their OCTO holdings. USDC stablecoin airdrops to holders will be tied to a percentage share of their holdings and will be dropped into wallet addresses every Monday. proportional to their share of the holdings. The addresses must be loaded with OCTO tokens at the snapshot moment during the ICO, before launch. The prevailing rewards APY will appear on the official website and disbursement of USDC will be to the existing wallet addresses already loaded with OCTO tokens.
Read here for further details:
Buy OCTO: https://reef.octoblock.io/register
Website: https://octoblock.io/
