Octorand $OCTO

Octorand is an innovative ecosystem of configurable NFTs, known as Primes, and a deflationary currency named OCTO. Built on the Algorand Blockchain, this revolutionary project brings to life a unique concept of a gamified competition where traits of Primes can be manipulated to form words and phrases, thereby earning badges and scoring points.

More about Octorand

This ecosystem is not limited to the gamified application "Octoword" but continues to grow with the introduction of more dApps. The second dApp, named "Octodraw" is set to join in Q4 2022. Octorand's native token OCTO, plays a crucial role in the functioning of the ecosystem, being used to pay for all transactions within the platform. This includes changing the letter attributes and artwork of Primes, upvoting/downvoting Primes, using the on-chain messaging facility, and storing pixel art frames in the upcoming Octodraw dApp. Since OCTO is a deflationary token, it also acts as a store of value.

OCTO Tokenomics

Octorand's journey began with its launch in January 2022 and the creation of the 1,000 Gen1 Primes. Each of these Primes was equipped with a store of 1,000 OCTO tokens which were emitted at a constant rate of 0.0001 OCTO per second. With no provision for the creation of more OCTO tokens, the total supply is capped at 1,000,000 OCTO. Over time, any OCTO used in transactions are burned by sending the transaction fee to an inaccessible creator wallet, thereby reducing the total supply.

Octorand Founders

The unique concept of Octorand is the result of the hard work and creativity of Developer Declan Rocco, with the assistance of Rob Sanders, who is responsible for marketing. Declan, being a career software developer, has brought significant expertise to the project, leading it to become a significant contributor in the realm of crypto and blockchain technology.