Company Information

Get to know Octopus Network

Octopus Network is a blockchain interoperability protocol built on the NEAR Protocol, providing shared security, interoperability, and community for a wide ecosystem of application-specific blockchains (appchains). Its mission is to significantly lower the capital expenditure required to launch an appchain, reducing the cost from millions of dollars to under one hundred thousand dollars. By using a "Leased Proof-of-Stake" (LPoS) security model, appchains can lease security from the Octopus Relay on the NEAR blockchain, enabling developers to focus on building their applications without the heavy burden of bootstrapping a new consensus mechanism. The project was founded in 2021 to unleash a new wave of innovation in the Web3.0 space.

Industry

Technology Software DevelopmentPRIMARY
Crypto Cryptocurrency

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Octopus Network

Seychelles

Founded in

5月 2019 (7 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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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.