Octans: A Deflationary DeFi Platform That Rewards Holders
The Octans whitepaper was written and released by the project’s core team in July 2021, against the backdrop of the booming DeFi ecosystem on Binance Smart Chain (BSC), aiming to address the pain points in DeFi at the time such as yield farming, liquidity mining, and staking mechanisms that led to token value depreciation over time, harming holders’ interests.
The theme of the Octans whitepaper can be summarized as “Octans: A Community-Driven Reward Protocol and Deflationary Token Model.” What makes Octans unique is its innovative deflationary tokenomics, which increases token value and reduces circulation by burning 50% of the total supply at issuance and charging an 8% tax on every transaction (of which 4% is automatically distributed to existing holders as rewards, and 4% is injected into the liquidity pool); The significance of Octans is to provide DeFi participants with a more stable and incentivized environment, overcoming the challenge of token depreciation in traditional DeFi mechanisms by encouraging long-term holding.
The original intention of Octans is to build a sustainable and continuously rewarding decentralized financial ecosystem for holders. The core idea outlined in the Octans whitepaper is: by combining deflationary mechanisms, automatic reward distribution, and permanently locked liquidity, Octans can create a holding experience in DeFi where value continuously grows and remains stable for community members.
Octans whitepaper summary
What is Octans?
Friend, imagine the computers we use every day—aren’t they often sitting idle with unused computing power? Or when we want to store some files, we always rely on those big centralized companies, like Amazon Web Services, Google Cloud, etc. While these big companies are convenient, sometimes they make us feel our data isn’t private enough, and the costs aren’t cheap either.
OctaSpace (OCTA for short) is like a “decentralized shared computing platform.” What it aims to do is connect idle computers (or computing resources like CPUs and GPUs) from all over the world, forming a massive, shared “supercomputer.” This way, anyone who needs powerful computing—such as for AI research, rendering complex images, or even running VPN services—can rent these idle resources on the platform, without relying on just a few big companies.
You can think of it as an “Airbnb for computing power”: you have extra rooms (computing power) you can rent out to earn money; I need a room (computing power), I can rent as needed, and it might be cheaper and more flexible than staying in a hotel (centralized cloud services).
It’s worth noting that in the crypto world, there are several projects called “Octans” or using the “OCTA” token symbol. The one I’m introducing today is OctaSpace, which focuses on decentralized cloud computing. There was also an “Octans” project launched in 2021 focused on DeFi (decentralized finance), which was a reflection token, but according to available information, that project has ceased development and been abandoned. There’s also a project called “OctanePay” with the token symbol $OCT, mainly focused on crypto payment solutions. Some earlier Octans projects focused on the automotive industry. So, it’s very important to distinguish clearly when researching projects.
Project Vision and Value Proposition
The core vision of OctaSpace is to break the monopoly of a few large tech companies over the cloud computing market, making computing resources more democratized and decentralized. The core problems it aims to solve are:
- Centralized control: Preventing data and computing power from being controlled by a few giants, increasing user autonomy and privacy.
- Resource waste: Utilizing idle computing resources worldwide to improve overall efficiency.
- High costs: Providing users with a more economical and efficient alternative, potentially cheaper than traditional cloud services (like AWS/GCP).
Its difference from similar projects is that it doesn’t just provide a single service, but integrates distributed computing, data storage, VPN services, and more on one platform. It also adopts a unique hybrid blockchain architecture, aiming to balance security and efficiency.
Technical Features
The technology of OctaSpace is like the operating system and network connection built for this “supercomputer,” with some special designs:
Hybrid Blockchain Architecture
OctaSpace doesn’t use just one blockchain technology, but combines two:
- Layer 1 – Proof-of-Work (PoW): Like Bitcoin, it uses “mining” to ensure transaction security and immutability. This layer mainly handles financial security, ensuring the value and finality of token transactions.
- Layer 2 – Proof-of-Authority (PoA): This layer is more like an internal “fast lane,” with some trusted nodes validating transactions. It’s very fast, mainly used for handling large volumes of billing and daily operations, ensuring smooth platform operation.
The benefit of this “dual-layer design” is that it ensures the security of core assets (PoW) while providing efficient services (PoA)—like combining a highway (PoA) and a regular road (PoW), each serving its purpose and improving overall efficiency.
EVM Compatibility
EVM (Ethereum Virtual Machine) compatibility means that applications and smart contracts developed on Ethereum can be relatively easily ported to run on OctaSpace. It’s like saying OctaSpace’s operating system is compatible with a lot of mainstream software, making it convenient for developers.
Resource Management
OctaSpace uses Docker containers and Firecracker microVMs to manage and isolate rented computing resources. It’s like running each user’s task in a separate “small box,” so they don’t interfere with each other—safe and efficient.
Tokenomics
OCTA is the “fuel” and “currency” of the OctaSpace project. It plays a central role in the entire ecosystem:
Basic Token Information
- Token symbol: OCTA
- Issuance chain: OctaSpace’s own native blockchain, also EVM-compatible.
- Total supply: Fixed supply of 48,000,000 OCTA. This is a relatively small fixed supply, similar to Bitcoin’s 21 million, and is generally considered helpful for controlling inflation.
- Issuance mechanism: OCTA tokens are issued through mining and block rewards, with block rewards gradually decreasing over time, expected to end by 2027. This is a “halving” mechanism designed to control the rate of new token issuance.
- Inflation/Burn: Uses a halving mechanism to control inflation.
- Current and future circulation: As of July 2025, the circulating supply is about 37.7 million OCTA, accounting for 78.5% of the total supply.
Token Utility
OCTA tokens have multiple practical uses within the platform, like universal points in this “shared computing platform”:
- Paying service fees: Users need to pay with OCTA when renting computing resources (such as GPU, VPN, data storage, etc.).
- Node rewards: Those who contribute their idle computing resources and run nodes receive OCTA as rewards.
- Staking: Users can run nodes and earn rewards by staking a certain amount of OCTA. Currently, staking requires 100,000 OCTA as collateral. Staking is like depositing money in a bank, but here you not only earn interest, you also help maintain network security.
- Governance: Although there’s not much information yet, typically such projects gradually introduce mechanisms for token holders to participate in community governance, allowing everyone to jointly decide the project’s future direction.
Token Distribution and Unlocking Information
OctaSpace adopts a “fair distribution” model, meaning there was no pre-mining and no large allocation reserved for the project team or specific individuals. All OCTA tokens are distributed through mining and other mechanisms, aiming for decentralization and fairness.
Team, Governance, and Funding
Core Members and Team Features
The OctaSpace project was founded in 2020 by a group of entrepreneurs and blockchain developers. The team is committed to building a decentralized cloud infrastructure.
Governance Mechanism
Currently, the project is mainly driven by the core team. However, as the project develops, it will typically gradually introduce DAO (Decentralized Autonomous Organization) governance, allowing OCTA token holders to participate in project decisions, such as voting on important proposals. This model aims to give the community a greater voice, making the project more transparent and decentralized.
Treasury and Funding Runway
Detailed information about the project’s treasury and funding reserves is rarely mentioned in public sources. However, the project has raised funds through IEO (Initial Exchange Offering) and other means. In addition, user payments for services and node reward mechanisms also provide funding for ongoing operations.
Roadmap
The development roadmap of OctaSpace shows the steps from its founding to future plans, like a map guiding the project forward:
Historical Milestones and Events
- 2020: OctaSpace project established, aiming to build a decentralized cloud platform.
- September 2024: IEO (Initial Exchange Offering) conducted on Gate.io, successfully raising $30,000.
Future Key Plans and Milestones
According to some sources, OctaSpace’s future plans may include:
- Continuous platform optimization: Continuously improving the performance and stability of distributed computing, data storage, and VPN services.
- Expanding use cases: Exploring more application scenarios, such as AI/ML workloads, CGI rendering, and scientific modeling.
- Community building and governance: Gradually introducing more robust community governance mechanisms, allowing token holders to participate in decision-making.
Please note, the roadmap is a project plan and may be adjusted according to actual circumstances.
Common Risk Reminders
All blockchain projects come with risks, and OctaSpace is no exception. Understanding these risks can help you view the project more comprehensively:
Technical and Security Risks
- Smart contract risk: Even if the project is audited, smart contracts may still have vulnerabilities that could lead to asset loss.
- Network attack risk: As a decentralized platform, DDoS attacks or other network attacks may affect service availability.
- Complexity of hybrid consensus mechanisms: Combining PoW and PoA may bring new technical challenges and potential security risks.
Economic Risks
- Market volatility risk: The crypto market is highly volatile, and the price of OCTA tokens may fluctuate sharply.
- Competition risk: The decentralized cloud market is highly competitive, and OctaSpace needs to keep innovating to stay competitive.
- Staking threshold: The staking threshold of 100,000 OCTA is relatively high, which may limit participation by some users and affect the degree of network decentralization.
Compliance and Operational Risks
- Regulatory uncertainty: Global crypto regulatory policies are still evolving, and future policy changes may impact project operations.
- Adoption risk: The project’s success largely depends on the actual adoption rate and user numbers. If it fails to attract enough users and developers, the project’s value may be limited.
Please remember, the above information is not investment advice. Always conduct thorough personal research (DYOR - Do Your Own Research) before making any investment decisions.
Verification Checklist
If you want to learn more about OctaSpace, here are some resources you can check:
- Official website: octa.space
- Block explorer contract address: You can look up the OCTA contract address on the Binance Smart Chain (BSC) explorer to verify transactions and token holdings. For example, an old Octans project contract address is 0xb34fF7C8448EE1EB7733c65DfFD6e105d1cD033C (BEP-20). But note, the OctaSpace introduced today runs on its own native chain, with its block explorer at explorer.octa.space.
- GitHub activity: Check the project’s GitHub repository to see code update frequency and community contributions.
- Whitepaper: Read the OctaSpace whitepaper carefully for the most detailed technical and economic model information.
- Community forums/social media: Follow the project’s Twitter, Telegram, and other official channels for the latest updates and community discussions.
Project Summary
In summary, OctaSpace (OCTA) is an ambitious blockchain project that seeks to challenge the dominance of traditional centralized cloud services by building a decentralized cloud platform. It’s like gathering idle computing resources from around the world to form a shared “super brain,” allowing everyone to use computing power more cheaply and freely.
The project adopts a unique hybrid blockchain architecture, combining the security of Proof-of-Work (PoW) with the high efficiency of Proof-of-Authority (PoA), aiming to provide a service that is both secure and fast. Its token OCTA serves as the “fuel” within the platform, used for paying for services, rewarding contributors, and staking. The fixed supply of 48 million and fair distribution model also show its pursuit of long-term value and decentralization.
However, as an emerging blockchain project, OctaSpace also faces technical challenges, market competition, and regulatory uncertainty. In particular, its relatively high staking threshold may affect the degree of network decentralization. In addition, it’s worth emphasizing again that there are multiple projects named “Octans” or using the “OCTA” token symbol in the crypto space, some of which have ceased operations, so be sure to carefully identify and make sure you’re following the correct project when researching.
For those interested in decentralized cloud computing and Web3 infrastructure, OctaSpace offers a perspective worth watching. But remember, this is not investment advice—always conduct thorough independent research before making any decisions. For more details, please research on your own.