USDC airdrops present an opportunity for rewarding token holders without escalating inflation unlike in presale staking. Octoblock is a pioneer of USDC presale airdrops and this approach is kicking off what could be a new deFi definition.
Presale Staking
Presale staking entails committing funds to a project or token before its official launch. The participants receive staking rewards such as discounted token prices, bonus tokens, or higher yields as rewards for locking their funds, early adoption, and providing the project with initial capital. As tokens are introduced into circulation through staking rewards, it can contribute to inflationary pressure on the token’s value. Airdrops involve distributing free tokens as rewards to existing token holders or community members. As such, they do not directly create new tokens to cause inflation.
Octoblock: Realizing Token Supply Stability Through USDC Airdrops
Octoblock’s surge is commendable, thanks to its comprehensive strategy with a focus on investor welfare. The airdrops coming during presale demonstrate the platform’s quest for investor profitability through all possible fronts.
Octoblocks ICO started in earnest attracting mass adoption and inflows across chains into its ICO presale. Currently, in phase three, one OCTO token is at $0.037 accompanied by several perks including entry to a Tesla draw, discounted prices, airdrops participation, 13% bonus tokens, and more.
The ICO funds are invested through the project’s Nautilus Trove, which also distributes ICO staking profits bearing high APY. The platform allocates 45% of profits to airdrops and every Monday, USDC airdrops are distributed to designated addresses of all OCTO token holders. The airdropped USDC stablecoins are distributed and prorated according to the investor’s OCTO holdings in their addresses.
The Tesla draw is sponsored through a partnership with The Tentacle Trust, an initiative that deals with philanthropy especially causes dealing with marine health. Each token purchased earns one entry into the Tesla giveaway, a 2024 Model Tesla EV. The draw will be held after the ICO phases before the project’s launch date. The ICO will run 14 phases with the platform targeting 240M OCTO tokens.
The Saltwater Sweepstake also holds monthly draws to reward random users during snapshot time. This reward emanates from a 5% allocation from the Nautilus Trove and the purpose is to reward early adoption and trust on the OCTO platform.
Other profit allocations include 5% to fund managers, 5% to charity, and 35% to be reinvested to maintain profitability while pivoting Beefy Finance. The OCTO website will display profitability matrices for all investors to peruse and monitor their investments. The current rewards APY is 185.5%, with a TVL of $22,804.
Here’s more:
Buy OCTO: https://reef.octoblock.io/register
Website: https://octoblock.io/
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