Octo Gaming AMA SUMMARY
Gaming is constantly evolving, new games are being developed every day, and exciting projects are emerging, can you introduce yourself and tell us briefly what #OCTO is? Our community is naturally curious to know who you are!
Rayon
OCTO is a decentralized gaming ecosystem that combines blockchain technology with web 2.0 gaming. Our aim is to revolutionize the gaming industry by creating a seamless experience for gamers, developers, and investors alike.
We are a team of passionate individuals who have been working on this project for years. Our goal is to create a unique gaming experience where players can earn real-world rewards through our app, alongside Cryptocurrency through competitive casual gaming. We have created a competitive 1vs1 app that is fair & and rewarding for everyone involved.
Our platform offers a range of features and benefits that set us apart from other gaming projects. Our app allows users to play games and earn rewards simultaneously, and our NFTs add a layer of collectibility, gameplay and rarity to the gaming experience.
What sets us apart is the fact that we have a strong focus on community building. We believe that our project is only as strong as our community, which is why we have a dedicated community manager and various community initiatives. We have also partnered, through in-house game creation, with some of the biggest NFT Collections on Solana, Such as Degenerate Ape Academy, ABC and Claynosaurz.
In summary, OCTO is a gaming app that offers a unique and rewarding gaming experience. We are dedicated to building a strong community and have partnered with some of the biggest names in the industry, such as Solana. We believe that OCTO has the potential to revolutionize the gaming industry, and we invite everyone to join us on this exciting journey. Try out the app now on your mobile:
https://app.adjust.com/ahfsfd4
Piotr
I really like games that offer competition between players, I understand you have a PVP system here where a player can fight another player? This is an interesting solution!
Rayon
Yeah, you can bet our soft currency called “GOLDS” on our in-app games in 1vs1.
Piotr
The use of Solana and the emphasis on NFT with usability is also a very interesting direction, I saw your app in the apple store and it had quite good ratings, did you work on this app for a long time?
Rayon
Yes, the app is live for 2 years now, we have more than 3M downloads and around 300K Monthly active players!
Piotr
There is a lot to be proud of, since you have been operating for two years it means a lot, additionally, you are now entering the world of crypto, surely a strong point is that you already have a large community which will surely be interested in blockchain and its possibilities.
You offer an app through which users will be able to play and earn at the same time. Can you tell us more about your app and the possibilities it offers? What can a new user expect when downloading it? Tell us more about the “golds” that players earn and the rewards they can exchange for.
Rayon
Octo is a gaming app that provides users with an opportunity to play and earn at the same time. The app offers a variety of games, competitive casual multiplayer games that users can play against each other. The games are fun and engaging and are branded with Octo IP and also IP from blue chip NFT collections such as Degenerate Ape Academy, ABC, and Claynausaurz (very soon).
When the new user downloads the app, they can expect a smooth onboarding process and an easy-to-use interface. The app allows users to create an account and start playing games right away. To incentivize gameplay, Octo has introduced a gaming currency called “golds.” Users can earn golds by winning games, participating in events, and completing various tasks within the app.
These golds can be exchanged for a variety of rewards, including physical and digital prizes, as well as exclusive content from Octo’s partners. These prizes are offered by companies for visibility and user acquisition, making it a win-win for both the user and the sponsoring company.
Octo has developed a sustainable tokenomics model that ensures the long-term growth and success of the app. The app also offers a free betting system through golds, which is legal worldwide. This system allows users to bet on their skills and earn more golds by participating in paid tournaments.
In addition to offering a fun and engaging gaming experience, Octo has also developed a large network in both the web 2.0 and web 3.0 spaces. The app has important partnerships planned for 2023, which will further enhance the gaming experience for its users.
Octo’s app offers users a unique and innovative way to play games and earn rewards. The app is easy to use, and the golds system incentivizes users to continue playing and participating in the app’s various offerings. With a sustainable tokenomics model and a strong network of partners and advisors, Octo is well-positioned for continued growth and success in the gaming industry!
Piotr
It sounds very interesting, the use of “golds” was such an introduction to a step towards the crypto world, where we operate with cryptocurrencies and tokens but mostly with speculative value, you have created something that is not on the exchange but works in a good and thoughtful way and moreover offers people rewards, it’s a good introduction before the launch of #OTK token
Rayon
Haha cheers!
It is impossible not to ask now about the $OTK token you are currently working on, please tell us what this token will be and what usability you have prepared for your ecosystem through it. Usefulness is a very important thing, especially in the crypto market.
Rayon
OCTOKN ($OTK) is a utility SPL token built on the Solana blockchain that serves as the main utility token and currency of the OCTO ecosystem. The token provides various functionalities and powers with the entire tokenomics of the platform.
One of the primary uses of OTK is that players can earn rewards by participating in the “game of the week” leaderboard, which incentivizes users to play and engage with the platform. Additionally, users can utilize OTK to upgrade the levels of their NFTs called “The Octos” within the app, as well as recharge NFT power within the app using OTK.
Another use case for OTK is in-app purchases such as cosmetics, skins, boost xp, and other features. These purchases can fill the liquidity pool and enhance the overall user experience.
Furthermore, the OTK token offers cross-functionalities with partnered projects, whether they have their own game in the app or not. Some of the partnered projects include ABC, DAA, Claynausaurz, and others, providing even more utility for the token.
We believe that the $OTK token will be a crucial component of our ecosystem, and we have designed it to provide multiple use cases that will create value for our users. We are excited to bring this innovative token to the market and provide our users with a fun and rewarding gaming experience.
For a more detailed understanding of the token’s use cases,I invite you to have a look at our documentation here:
https://whitepaper.octo-gaming.com/
Piotr
I understand that upgrading The Octos NFT tokens only takes place in the application, is there some process that takes place here that exchanges my current NFT for another (upgraded) NFT token, or adds a trait? I ask purely out of curiosity because it sounds quite interesting!
Rayon
Soon to be unveiled, but yeah you will be able to upgrade your NFTs levels and traits straight through the app, only through our OTK token.
Piotr
This sounds pretty cool, you have an interesting idea and probably good programmers so you will certainly achieve your goals. Now is the time for the next question!
You also offer NFT tokens, you have quite a collection of them, and our community will definitely be interested in the fact that every holder of them can count on something in the future! Can you please tell us more about the usefulness of these NFTs, and why they are worth being interested in?
Rayon
Certainly! Our NFTs, also known as Octos, are a crucial component of the OCTO ecosystem. Each Octo has a unique design and set of characteristics, making them highly collectable and desirable among NFT enthusiasts.
But the usefulness of these NFTs goes beyond just their aesthetic value. The Octos NFTs are more than just digital collectables — they also have various in-game functionalities within our app, especially with the in-game powers they unlock. For example, players can upgrade their Octos to increase their power and effectiveness in gameplay. Additionally, Octos can be used to recharge the power of other Octos within the app.
But that’s not all — we have many exciting plans for the future of our NFTs and their integration with the OCTO ecosystem. We plan to expand the functionality of Octos beyond just our app, by enabling cross-functionalities with partnered projects who have their own games into the app. This means that Octo holders will be able to use their NFTs in a variety of different contexts and games, making them even more valuable and versatile.
Furthermore, we are exploring various other use cases for our NFTs, such as rewards for participation in our community and governance mechanisms for the OCTO ecosystem. This means that by holding an Octo, users can not only enjoy the benefits of the app but also participate in the governance and decision-making of the OCTO ecosystem.
Overall, our NFTs offer a unique and multifaceted value proposition for users. They are not just collectables but also have real in-game functionality and potential future use cases. As we continue to grow and develop the OCTO ecosystem, we are excited to see how our NFTs will evolve and become even more valuable for our users.
Piotr
Okay, so usability is being developed all the time, it’s a good sign that you’re putting a lot of effort into ensuring that NFTs have as many use cases as possible, it’s also interesting that your NFTs will be used in other games (in the future), and it’s worth mentioning that each NFT can be upgraded and will support the player during gameplay.
Rayon
Yeah, we are really focusing on the fun at Octo, through our app and outside!
As the crypto market has been facing a lot of problems lately, for example, troubles with the SEC or through the inefficient financial system worldwide, our question is, what are your plans for the next months? We are also curious to know what goals you intend to achieve in terms of marketing, could you expand this a little bit?
Rayon
As a company operating in the crypto market, we understand the challenges that come with this constantly evolving industry. Our team is dedicated to staying up-to-date with the latest regulations and adapting our strategies accordingly.
Regarding our plans for the next few months, we are focused on delivering on our roadmap and achieving our goals. This includes launching updates of the app and token, continuing to develop partnerships with other projects in the industry, releasing more ambitious games, and expanding our reach to new users. We believe that the success of our project is closely tied to the success of the wider crypto ecosystem, and we are committed to doing our part to drive innovation and growth in the space.
In terms of marketing, we have a comprehensive strategy in place to raise awareness of our project and attract new users. This includes leveraging social media platforms, engaging with influencers and thought leaders in the industry, and participating in relevant conferences and events. We believe that building a strong community is essential for the success of any project in the crypto space, and we are committed to fostering a vibrant and engaged community around our project.
We are confident in our ability to navigate the challenges of the crypto market and deliver on our goals in the coming months. We are excited to continue building and growing our project, and we look forward to sharing our progress with the wider community.
Piotr
It’s good that you have plans to implement them and that you are focused on big marketing campaigns, collaborations with influencers, YouTubers or well-known projects will no doubt bring you more exposure and increase the success of your project, so keep it up!
Tell us a bit about the projects or personalities who support your project, strong backing is an additional strength that builds trust among new users who are doubtless curious about with whom you work, tell us more about this.
Rayon
We are fortunate to have the support of a number of well-respected projects and personalities in the crypto and blockchain space. Our strong backing is a testament to the strength and potential of our project, and we are proud to be associated with such reputable names.
During this round, we onboarded many prestigious investors. We are backed by Solana Foundation, Solana Ventures, Animoca Brands through Forj and many other incredible partners such as Synapse Network.
One of our most significant backers is Moonrock Capital, a leading venture capital firm that has invested in a number of high-profile blockchain projects. They were one of the earliest investors in our project, and we are grateful for their continued support and guidance.
We also have the support of Sebastien Borget, co-founder and COO of The Sandbox, a popular blockchain-based gaming platform. Sebastien has been an advisor to our project since the beginning, and his expertise and insights have been invaluable in helping us shape our vision for the future of Octo.
Another notable advisor is Jeff Nowak, CEO of Maven, a leading provider of blockchain and fintech solutions. Jeff brings a wealth of experience and knowledge to the table, and his guidance has been instrumental in helping us navigate the complex world of crypto and blockchain.
We are also part of the incubation program at KuCoin Labs, a well-respected crypto exchange that has helped to launch a number of successful blockchain projects. Being part of the incubation program has given us access to valuable resources and support, and we are excited to be working closely with KuCoin Labs to bring our project to the masses.
Overall, we believe that the support and backing we have received from these projects and personalities is a strong endorsement of the potential and viability of our project. We look forward to continuing to work with them and to building strong relationships with other key players in the crypto and blockchain space.
Piotr
I am very happy that you are collaborating with Kucoin and that you have such interesting partners, certainly, the links with The Sandbox or Moonrock mean a lot in the crypto world, we are also happy that we ourselves are among these projects and can support you!
If you could sum up why people should take an interest in #OCTO, what would you say to a random person you meet if they asked you? What do you see as the biggest benefits, of joining the OCTO family?
Rayon
If someone asked me why they should take an interest in OCTO, I would highlight several key benefits that come with being a part of the OCTO family.
First and foremost, OCTO offers a unique and exciting gaming experience that allows players to earn rewards and prizes while playing their favourite games through a live mobile app with an incredibly active community. Our app offers a variety of games, including both skill-based and soon strategy titles, all designed to provide hours of fun and engagement through a quick gaming experience. With OCTO, users can play games, earn rewards in the form of our utility token OTK, and even level up their NFTs, called Octos, for even greater rewards.
In addition to the gaming experience, OCTO is built on the Solana blockchain, which provides several advantages over other blockchain networks. Solana is known for its high transaction speeds, low transaction costs, and scalability, making it an ideal choice for our gaming platform.
Furthermore, we have a strong team of experienced professionals working behind the scenes, including co-founders Robin Du Fayet and Thomas Bourbon, as well as advisors from Kucoin, Solana, Moonrock Capital, The Sandbox, Maven and many others. We also have strong partnerships within web2.0 such as Lenovo, Logitech and many more, alongside other projects in the DeFi and NFT ecosystems, including DAA, ABC, Clayno, Tulip.Garden, Venly (and many more to be announced).
Overall, by joining the OCTO fam, users can expect an exciting and engaging gaming experience with the potential to earn real rewards, all built on a strong and scalable blockchain network. With our strong team and partnerships, OCTO is poised for success and presents a unique opportunity for users to get involved in the rapidly evolving world of Web 3.0 gaming.
Piotr
In that case, I wish #OCTO the best of luck in conquering the crypto world! You have an interesting idea, a good app offering various games and a sizable community, there are many interesting partners behind you who certainly know what you are capable of!
Winners Questions:
1. Daniel:
How much does it cost to play any game on the Game platform? Can we experience the Game for free?
Rayon
Games within the app are totally free to access, and there is no entry barriers to earning both real-life prices offered by brand partners through golds, and also for earning OTK through our leaderboard.
2. Jimmy Page
What is the FDMC at IDO price and how does it compare to similar projects?
Rayon
The listing price aimed to be around $0.025, with a FDV of 30M. We are not running any public rounds, the only way to get OTK is through our multiple airdrop campaigns we are running, and also straight at the initial listing in the coming weeks.
3. Ferrey
NFT is now considered the most promising market segment to attract a wider audience. So I want to know how attractive your NFT is and what are its advantages.
Rayon
I recommend you to have a look at the functionalities available already within our mobile app through our NFTs and the upcoming ones on our whitepaper
https://whitepaper.octo-gaming.com/game-fi-elements/about-the-octos-nfts
Holders of the NFTs will get granted OTK, you should get yours too!
https://magiceden.io/marketplace/the_octos
4. Rason
During the creation of your project, do you consider community feedback or requests to further expand new ideas for the project?
Rayon
Our Discord is really active, you should come to say hi to the Octonauts and make some proposals: https://discord.com/invite/Z6Cm5Ch9fD
5. Acnes
To make it easily accessible, Do you have an idea to launch the platform with a mobile application?
Rayon
The app Is already live on the IOS & Android stores (and maybe soon on Solana phone…) https://app.adjust.com/ahfsfd4
6. ELZ
Competition in the NFT space is starting to get fierce. What do you guys have in the pipeline, especially in terms of partnerships/marketing lined up? How do you plan to compete in such a crowded space?
Rayon
We are already collaborating with the best projects on Solana, and in the near future, we hope to launch cross-chain functionalities!
7. Speed OG
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product.
Rayon
Come to say Hi to our community on Discord and Twitter, we are listening and working with our OGs for 2 years already.
8. Mueng
The gaming sector is extremely competitive & many platforms had to work very hard to reach their current user numbers. How will your team compete with the existing gaming platforms & what extra features will your offer to attract the gamers from the other platforms?
Rayon
We have already quite a large user base with 3M downloads and around 300K Monthly active users, so on our side, we are focusing more on building a great relationship with other NFT projects and Defi protocols.
9. Roy
Listing on the right exchanges especially major exchanges helps to increase the token price and is a form of Marketing. So Where can we buy Token and what plans do you have for listing on major exchanges (DEX and CEX)?
Rayon
Our listing will be the first week of april on one of the current biggest CEX, soon to be unveiled.
10. BUNG
What is the solution that your project offers? Why do you think that crypto needs such a project?
Rayon
We are developing a product that people can actually have fun playing with, but also projects and brands getting visibility toward these players. Implementing OTK allow us to expand the possibilities behind OCTO and unleash a new world of opportunities for the app.
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.
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