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Transparency Report 001

For period 17 Aug 20 to 11 Sept 20.

In an effort to provide full transparency for the actions of OctoFi, since the token deployment on 17 August 2020, we are providing the following comprehensive details on token holdings and use of tokens to date.

Since deployment, we have completed several actions and moved a few tokens from the deployer address, which we want to keep transparent. We will also provide transparency reports on a monthly basis going forward. To that end, this is our first transparency report, and covers the period from first deployment on August 17 through September 11, 2020.

Use of tokens to date

The total 800,000 OCTO supply is allocated as follows:

Bonding curve: 125,000 OCTO for public sale commencing 14 September 2020 at 00:00 UTC as per the details here. Holder: 0xD06777d9b02F677214073cC3C5338904CBa7894a

Interest program: 200,000 OCTO split equally between interest yielding contract and airdrop, both reserved for private and public sale investors as shown.

Action: 200,000 OCTO

FROM: Deployer Wallet (0xD06777d9b02F677214073cC3C5338904CBa7894a)

TO: Yield Wallet (0xb51D93791E19D8CF1fDF1851AA97e7695A9135c0)

Tx: 0x4276dd25f6e24c9959c4beda09a5f487772019d2c94fd516947562bf3d2d202e

Action (Testing): 50 OCTO

FROM: Deployer Wallet (0xD06777d9b02F677214073cC3C5338904CBa7894a)

TO: Account (0x73F29805198cCE93015bC960F47885CF6268ce85)

Tx: 0xedcf1d415d4983860d0d22aea8dc7094f36c5e39ef95af0359fcd6370325f153

Early backers: 200,000 OCTO among small strategic cohort gathered during inception to ensure best possible deployment and transition. Holder: 0xD06777d9b02F677214073cC3C5338904CBa7894a

Project reserve: 275,000 OCTO assigned to transparent project fund for allocation by governance token holders pending decisions made on subsequent DAO proposals.

Action: 20 OCTO

Uniswap Pair creation

uniswap.info/token/0x7240ac91f01233baaf8b064248e80feaa5912ba3

USDC/OCTO: uniswap.info/pair/0x1b87fde6af5396165fdadf7f532784622a824abf

WETH/OCTO: uniswap.info/pair/0xd7cfbcadaaf6475321cfcf3884f15a93400be658

We have not sold and have no plans to sell tokens on the secondary market at this time, and reiterate our commitment that in advance of any selling of tokens, we will publicly share a structured selling plan with the community.

Upcoming transparency report coverage:

  • Batches Sold and associated Ethereum addresses
  • Burned Tokens from unsold batches
  • Allocation from funds associated with interest program, project fund, early investors, liquidity

After our bonding curve we will launch our DAO voting on snapshot.page, instead of Aragon because of the current gas situation on ethereum main-net. Snapshot is an off-chain gasless multi-governance client with easy to verify and hard to contest results. Once our pull request has been merged, we will redirect the dao.octo.fi domain to snapshot.page/#/octofi and later provide instructions on using the platform.

Also we are happy to now be verified on etherscan and looking forward to the decentralized autonomous future of the OctoFi project.

etherscan.io/token/0x7240aC91f01233BaAf8b064248E80feaA5912BA3

We keep constantly developing for our community and are happy to share in the next few days the results. As you know we keep everything open source, even the frontend code (most projects just publish the smart contracts) and are GitHub Pages hosted at the moment, because we are looking into P2P hosting without any centralized servers.

Check out our DeFi Oracle work: github.com/octofi/tentacle

And other work so far: github.com/octofi?tab=repositories

Best greetings from your Octonauts

DISCLAIMER

This transparency report does not constitute nor imply a prospectus of any sort. No wording contained herein should be construed as a solicitation for investment. Accordingly, this transparency report does not pertain in any way to an offering of securities in any jurisdiction worldwide whatsoever. Rather, this transparency report constitutes a description of the development and distribution of OCTO. Do not trade or invest in any tokens, companies or entities based solely upon this information. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. Investors should conduct independent due diligence, with assistance from professional financial, legal and tax experts, on topics discussed in this document and develop a stand-alone judgment of the relevant markets prior to making any investment decision.

This document does not constitute nor imply a final technical specification of OCTO. Information presented in this transparency report, technical or otherwise, is meant to outline general ideas, designs and use-cases and is subject to change with or without notice. For the latest up-to-date technical specifications, check out the updates and documentations on the official website www.octo.fi. The graphs, charts and other visual aids are provided for informational purposes only. None of these graphs, charts or visual aids can and of themselves be used to make investment decisions. No representation is made that these will assist any person in making investment decisions and no graph, chart or other visual aid can capture all factors and variables required in making such decisions.

While this transparency report was compiled with the greatest care possible, it cannot be guaranteed that all information is complete or accurate. The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. No representations or warranties are made as to the accuracy of such forward-looking statements. Any projections, forecasts and estimates contained in this document are necessarily speculative in nature and are based upon certain assumptions. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond control. It can be expected that some or all of such forward-looking assumptions will not materialize or will vary significantly from actual results. For any questions on a specific subject covered in this document, please contact us on hello@octo.fi