Company Information

Get to know Octacoin

Octacoin (Ticker: 888) was launched as a proof-of-stake cryptocurrency project, similar to many altcoins from the 2017-2018 era, focusing on features like masternodes and staking rewards. However, the original project appears to be largely inactive or abandoned. The "Octacoin" name has also been used by separate, likely unrelated, online investment platforms (e.g., octacoin.io) that promise high, unrealistic returns. These platforms have been identified by financial authorities as unauthorized and high-risk operations targeting investors.

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Crypto CryptocurrencyPRIMARY
Financial Other Service

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Octacoin

Name: Octacoin
Address: NG

Nigeria

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.