OCTREE - https://octree.finance/
OCT is an innovative BSC token that re-imagines the concept of DeFI yield generation. The entire basis of the smart contract was taken from a trusted Reflect project on Ethereum based
Octree smart contract will instantly split the 1% of transaction value among all the happy holders of the token without staking or waiting for distributing. You start earning immediately! Tx fee: 3% (2% burned forever, 1% distributed for holders)
At its core, OCT charges a transaction fee — 2% burned forever, 1% re-distributes that fee to existing OCT holders instantly and automatically at the time of each transaction.
Unique features of the Octree smart contract allow certain addresses like the Pancake pool or exchange wallets to be blocked from earning fees.
Because of this, 100% of the fees generated go to holders of the token. The percentage of fees you earn is calculated by the percentage of OCT that you own among holders. This generates a much higher yield than would otherwise be possible.
There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold OCT in a wallet you control.
The Problem
The overwhelming majority of DeFi projects require trust in a central party and interaction with complex, buggy, and easily hacked contracts.
Rewards for interacting with these contracts often come from the minting of new tokens, necessitating confusing (and usually centralized) economic mechanisms that attempt to give the underlying reward token some value.
Developers who design and implement these economic reward mechanisms typically have no expertise in economics.
This places an enormous amount of risk on individuals that choose to interact with DeFi smart contracts. For simplicity, lets break down some of the different kinds of risk accepted by your average DeFi participant:
Price and Market risk: Price movements of a specific token or the market as a whole that negatively affect the token holder.
Trust related risk: Individuals or teams behind a project performing actions that negatively affect the token holder (rug pulls, large token unlocks and dumps, etc..)
Security risk: Vulnerabilities in smart contracts or interfaces that the token holder interacts with.
Economic Design risk: Tokenomics that are poorly designed and unsustainable.
The Solution
OCT is uniquely designed to address these problems and reduce the aforementioned risks. Lets look at how OCT reduces each of the risks mentioned in the previous section:
Price and Market risk: These risks come with any free market. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you.
Security risk: Because fee generation AND distribution is baked into the core smart contract, security risk is greatly reduced. No external contracts or interfaces need to be interacted with in any way.
Economic Design risk: OCT has a fixed cap of 10.000 tokens. The yield comes from transfer fees instead of newly minted tokens. As you earn fees, the percentage of the total supply you own is increasing. Earning network fees is an established and tested method of earning yield.
The Elephant in the Room — Opportunity Cost
Beyond the extreme risks involved with DeFi, individuals must stake or park their tokens in a contract to earn a yield. There is a massive opportunity cost associated with this as participants could be using their locked tokens to earn a yield some other way but are unable to seize that opportunity while the tokens are locked.
Lets look at how OCT addresses opportunity cost.
OCT fees are awarded automatically and do not require any transaction to be executed by the holder in order to earn fees. This allows OCT to be used in any other smart contract in addition to earning yield from the transaction fees.
To facilitate this, the OCT smart contract exposes some new methods that allow other smart contracts to easily determine the fees earned by each address for any period of time even when funds are pooled together. This is a huge leap in DeFi that enables the direct staking of OCT and double yield generation.
For example, you could lend your OCT on a third party app and earn a yield from that while still earning fees from OCT transfers. The lending contract could use OCT’s new methods to easily determine the fees earned on the amount you provided during your interaction with the lending contract.
By reducing friction and eliminating the burden of contract interaction to earn a yield, OCT is truly a step forward in DeFi.
Social:
Website: http://octree.finance
Telegram: https://t.me/octree_bsc
Twitter: https://twitter.com/octree_bsc
Learn how to set up your wallet to interact with BSC
https://www.binance.com/en/blog/421499824684901157/How-to-Set-Up-and-Use-Trust-Wallet-for-Binance-Smart-Chain
https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
https://medium.com/octreefinance/introducing-octree-oct-f13b9586a604