What is OctaSpace (OCTA)?

OctaSpace is a decentralized platform targeted at providing scalable cloud computing solutions by means of blockchain technology. It promises a secure and efficient infrastructure for deploying and managing cloud services, where users harness the power of distributed computing.

What Problem Does OctaSpace (OCTA) Solve?

OctaSpace handles:

• Centralization: A critical aspect, as it reduces dependency on centralized cloud service providers.
• Cost Efficiency: Provides cost-effective pricing associated with cloud services.
• Scalability: It provides scalable solutions for cloud resource management.

Why Does the Crypto Market Need OctaSpace (OCTA)?

The crypto market benefits from OctaSpace because it:

• Decentralized Cloud Services: Offers a more secure and transparent cloud computing solution.
• Cost Reduction: Makes cloud services cheaper by using decentralized infrastructure.
• Resource Optimization: Allows users to monetize idle computational resources.

History of OctaSpace

OctaSpace is widely popular in the domain of decentralized cloud computing platforms. Much mileage has been gained in the project, including the development of its very own platform and integration with various blockchain technologies.

Who Founded OctaSpace (OCTA)?

The people who form the team behind OctaSpace are blockchain experts and cloud computing professionals committed to achieving the decentralization of cloud services. The specific names of the founders are not revealed.

What Technology Does OctaSpace (OCTA) Use and How Does it Work?

OctaSpace employs:

• Ethereum and Binance Smart Chain Blockchain Technologies: In decentralized cloud computing.
• Smart Contracts: Automates and secures transactions conducted in cloud services.
• Distributed Computing: Cloud resources are harnessed in a highly scalable, efficient way.

What Influences the Price of OctaSpace (OCTA)?

Factors Affecting the Price of OCTA:

• Market Sentiment: News and developments.
• Platform Adoption: Increased usage and integration.
• Technological Advances: Improvements and collaborations.
• Regulatory Changes: Cryptocurrency regulations.

How Many Tokens of OctaSpace (OCTA) Are in Circulation?

There are 31,626,844 in circulation from the total supply of 31,627,411 OCTA tokens.

What is the Maximum Supply of OctaSpace (OCTA)?

The maximum supply of the OCTA token is 48 million.

What is OctaSpace (OCTA) Utility?

OCTA tokens are used for:

• Transaction Fees: Within the OctaSpace platform.
• Staking: To earn rewards and secure the network.
• Governance: Voting on protocol upgrades and changes.

Tokenomics of OctaSpace (OCTA)

OctaSpace's tokenomics include:

• Staking and Rewards: For OCTA holders.
• Incentives: User participation rewards.
• Supply Cap: 48 million tokens.

What are the All-Time High and All-Time Low for OctaSpace (OCTA)?

• All-Time High: $2.39 on July 9, 2024
• All-Time Low: $0.1205 on April 5, 2023

Where to Buy OctaSpace (OCTA)?

OCTA tokens can be obtained from any of the following big cryptocurrency exchange services:

• MEXC
• CoinEx
• XeggeX
• Coinmetro
• SafeTrade
• TradeOgre
• FinanceX

Who Invested in OctaSpace (OCTA) at an Early Stage?

There is very little said on the early-stage OctaSpace investors. Still, the interest in the project seems to reflect a variety of blockchain and cloud computing space investors.

What Are the Revenue Streams of OctaSpace (OCTA)?

OctaSpace's revenue streams include:

• Transaction Fees: From transactions using the cloud services on the platform.
• Staking Rewards: By staking OCTA tokens.
• Partnerships and Collaborations: Revenue from cooperation with other projects or service providers.