Features Platform Octus

cryptonewsico (28)in #platform • 6 years ago

What Is Octus?

Octus (OCT) is the first and true cryptographic project for the massive and automated distribution of cryptocurrencies and tokens of the most popular and known blockchains such as Bitcoin, Ethereum, Bitshares, NEO, NEM, Waves, among others.

Being a decentralized tool, that anyone can use it for the purpose of distributing cryptocurrencies to a list of wallets of their own choice, in an automated, controlled and secure way.

The Octus project was born from the cryptographic community need in the following tasks. 1) Airdrop’s token distribution, 2) ICO’s tokens distribution, 3) Profits distribution of a pyramidal organization, 4) Programmed payments of cryptocurrencies of a company or startup, just as it is done in a payroll system, 5) Micro payments, 6) Distribution of rewards and bonuses, 7) Sending of gifts and consignments, among many other uses.

Website : https://www.octus.network/

PLATFORM FEATURES

DECENTRALIZED

OCTUS System Will be decentralized for example anyone can be able to use the system, thanks to blockchain technological innovation the decentralized characteristics of OCTUS Will allow it to the range to agree to the increasing customer s of the allocated OCTUS design.

WALLET VALIDATION

To enhance security, OCTUS pockets approval function will check if the pockets are able to obtain dealings.

CONTROLLED DISTRIBUTION

OCTUS System provides real-time deal tracking and statistics, for easier tracking of the submission procedure.

AUTOMATED WORK

OCTUS Computerized function will help customers save your persistence, money, and complications and thanks to blockchain technological innovation best quality are predicted during the automated submission procedure.

REPORTS

OCTUS System will release reviews of the way to get rid of ordinary time-consuming procedures associated with guide financial confirming of transactions.

ANONYMITY

The profile from which the submission comes will change for each shipment to be made to the data will never be associated with the person making the shipping.

VARIETY OF BLOCKCHAINS

OCTUS Will be used in various blockchains to agree to automation of digital foreign exchange.

PROCESS MECHANISM

There are basically two major types of airdrops; the ones that come as a surprise and the ones that are announced beforehand. For already established blockchain-based enterprises, they may choose to go the route of the former rather than the latter. Getting to know about it might depend on how involved one is in the crypto community. These are the types of airdrops that occur and have people commenting on online forums that their wallets have been credited with coins and no one is the wiser as to where the coins came from.

For blockchain-based startups, they mostly favor the route that involves pre-airdrop announcements to get the buzz going. Since the aim is mostly to bootstrap the project, the airdrop process usually involves the completion of a number of tasks by the user in order to qualify for the airdrop. When the date of the airdrop arrives, the enterprise will release the free tokens to the users who qualify.

HOW OCTUS WORKS?

1) Any user could download the application on his computer; this application is called OCTUS.

2) User would choose any of the blockchains available from the list on the application to execute distribution.

3) OCTUS will synchronize the blockchain or will prepare the Smart contracts to be executed.

4) User must pay 100 OCT (Octus tokens) to the application, as a tax for each distribution made. If each token costs 0.5$ at the moment and its value would rise up to 1$, the payment will decrease down to 50 Octus- tokens. Those payed tokens will be reserve don the Project wallet and remain there for 3 months and then released to be used again.

5) Once OCT (Octus tokens) had been paid for application use, the app will validate wallet list must be on CVS or JSON format. Each wallet will be validated before sending in processed in order to check token or coin to be sent.

6) Application will ask user how fast the sending is required and then will calculate fee payment. Wallet must have enough gas or fee to execute the sending.

7) Application will start batch processing and will show results in real time. 8) By the end of each distribution, the application will show a report with results.

Technologies to be used to develop Octus would be C#, Node.js, Java, mongoDB, Perl, PHP, C++, Angular.