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OCTO Bittrex.com stimulus interest test run

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frameLAlife

OCTO has been on Bittrex.com for awhile now. We have an issue with volume due to the fact that we do not have the first project ready to start. We are added to the removal list by default because the low volume. It may be the end of June before we have the capital to fund the first project.

In an effort to ensure we remain on Bittrex I will do a test run this week to see if we can up the volume to remain on the exchange. The first week will be a 50% match. So if you trade for 1000 OCTO we will distribute 500 OCTO to you for this first week.

All you have to do is make your BTC/OCTO trade on Bittrex, screen shot the trade with the date and the amount, email the screenshot to octocoinburn@gmail.com along with your Counterwallet address. When we do the monthly distribution for the faucet and folders we will send out the OCTO. Hopefully this will generate some volume on Bittrex and allow us to stay listed.

If this week goes well and we stay on Bittrex the community will decide if this is a good idea and we will continue to do this and distribute monthly at a much lower % rate.

This is your chance to pick up some extra OCTO.

Thanks for your interest.

octocoinburn@gmail.com

OCTO Faucet Here: https://letstalkbitcoin.com/forum/post/octo-888-lottery-faucet OCTO SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/1feaa10d-b793-4abb-801d-7b782581faa5#choose

octocoinburn@gmail.com skype: kristharp78 twitter: @theoctoparty website: www.theoctoparty.com bitcointalk.org: frameLAlife & OCTOPARTY

www.freerosstoken.com is live. Support Ross Ulbricht's legal defense fund by purchasing FREEROSS tokens. FREEROSS SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/62145d11-21d1-42d4-8d98-a5f71ce343ce#choose

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  • sicocos

    wait and see to this octo... its hope....

    DOGECOIN is The FUTURE

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  • frameLAlife

    It's official. We have our first participant with trades for 23,409 OCTO on Bittrex.com. We will distribute his 50% match (rounded up) of 11,705 with the folding@home and 888 lottery faucet distributions this month.

    Thanks for the support!

    OCTO Faucet Here: https://letstalkbitcoin.com/forum/post/octo-888-lottery-faucet OCTO SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/1feaa10d-b793-4abb-801d-7b782581faa5#choose

    octocoinburn@gmail.com skype: kristharp78 twitter: @theoctoparty website: www.theoctoparty.com bitcointalk.org: frameLAlife & OCTOPARTY

    www.freerosstoken.com is live. Support Ross Ulbricht's legal defense fund by purchasing FREEROSS tokens. FREEROSS SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/62145d11-21d1-42d4-8d98-a5f71ce343ce#choose

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  • frameLAlife

    Another one for 352,892 and we will distribute 176,946. Thanks for your support!

    OCTO Faucet Here: https://letstalkbitcoin.com/forum/post/octo-888-lottery-faucet OCTO SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/1feaa10d-b793-4abb-801d-7b782581faa5#choose

    octocoinburn@gmail.com skype: kristharp78 twitter: @theoctoparty website: www.theoctoparty.com bitcointalk.org: frameLAlife & OCTOPARTY

    www.freerosstoken.com is live. Support Ross Ulbricht's legal defense fund by purchasing FREEROSS tokens. FREEROSS SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/62145d11-21d1-42d4-8d98-a5f71ce343ce#choose

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  • thrakkath

    And already a nice uptick in trade volume now 0.47BTC:)

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  • frameLAlife

    Exactly what we needed. But if we have a decent response we will have to lower the % to something reasonable.

    OCTO Faucet Here: https://letstalkbitcoin.com/forum/post/octo-888-lottery-faucet OCTO SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/1feaa10d-b793-4abb-801d-7b782581faa5#choose

    octocoinburn@gmail.com skype: kristharp78 twitter: @theoctoparty website: www.theoctoparty.com bitcointalk.org: frameLAlife & OCTOPARTY

    www.freerosstoken.com is live. Support Ross Ulbricht's legal defense fund by purchasing FREEROSS tokens. FREEROSS SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/62145d11-21d1-42d4-8d98-a5f71ce343ce#choose

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  • adam

    @framelalife Exactly what we needed. But if we have a decent response we will have to lower the % to something reasonable.

    Can you explain the basic project of OCTO again? I thought I had access to a TCA forum but now I don't see it.

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  • frameLAlife

    Adam,

    I can send you some OCTO so that you can access the TCA forums for OCTO and OCTOFAME if you like. I'll send it to your LTB compatible address listed here on LTB.

    As for OCTO we were a community from an abandoned altcoin Octocoin. The devs bounced and I worked with Robert at FoldingCoin to move to Counterparty by conducting a burn of just under 20 million coins at a 1:1 exchange.

    We are still seeking devs to gear up for an actual project. I've spoken with a few but nobody that wants to only work for OCTO as payment. I list myself as the project manager since I'm not an actual developer.

    I do graphic design and marketing for an online directory. The first part project that I am working on now will be how to use tokens and TCA for marketing. I actually am launching a separate company from OCTO that will focus on this and I'm actually waiting to see how thegrid.io works and if it will be easy to integrate features via on a grid hosted website and how easy it is for me to add contributors. If it is as advertised I think by late June, early July I'll be able to start this website and begin funding the actual OCTO project. I plan on taking a large portion of my profits from this initial marketing website and using it to pay for development of the OCTO project.

    As for the actual OCTO project, I really want to create a payment processor that allows you to accept payment of any Counterparty asset but will also allow you to charge a fee in a chosen Counterparty asset, in our case OCTO. So OCTO will be an access token to any future projects anyone wants to launch around the token. But the great thing is, whomever we hire to develop this payment processor will open source the code so that any Counterparty token may use it for their own websites.

    To get started I wanted to give OCTO a initial use and decided the use case and working model would be around Fantasy Sports and Fantasy MMA. The goal is to build a working model with only Fantasy MMA where users can play the game and use a Counterparty token of the host's choice for all players but all players will also have to pay for access to the game with OCTO. Once we can see that it works on a small scale then hopefully we will generate interest and consider building a complete Fantasy Sports website where users can play in any sports they choose with any Counterparty tokens they wish and also include other OCTO related tokens that have special uses in the game and on the site.

    That's the basic overview of what is proposed. For now, I'm still planning the early stages of the marketing website that I need to generate funds to recruit and pay coders.

    You have me on Skype and we have spoken once before about TCA briefly. Skype: kristharp78

    Thanks for your interest.

    OCTO Faucet Here: https://letstalkbitcoin.com/forum/post/octo-888-lottery-faucet OCTO SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/1feaa10d-b793-4abb-801d-7b782581faa5#choose

    octocoinburn@gmail.com skype: kristharp78 twitter: @theoctoparty website: www.theoctoparty.com bitcointalk.org: frameLAlife & OCTOPARTY

    www.freerosstoken.com is live. Support Ross Ulbricht's legal defense fund by purchasing FREEROSS tokens. FREEROSS SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/62145d11-21d1-42d4-8d98-a5f71ce343ce#choose

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  • andref

    I wrote about this in the Russian part of the forum.https://letstalkbitcoin.com/forum/post/-to-50 I want to register. The possibility of paying once a week? OSTO need to buy or sell? Or it is possible in two directions?

    Thanks for your idea!

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  • frameLAlife

    @andref I wrote about this in the Russian part of the forum.https://letstalkbitcoin.com/forum/post/-to-50 I want to register. The possibility of paying once a week? OSTO need to buy or sell? Or it is possible in two directions?

    Thanks for your idea!

    andref,

    Thanks for your reply and for writing about this on the Russian forum. It's always possible to do distributions like this daily or weekly. OCTO already does monthly for the lottery faucet and the folding@home, so it's easier and cheaper. If OCTO was more well known like LTBCoin and FoldingCoin it would make sense to do daily or weekly but at this point it costs too much BTC and there aren't always a large volume of participants in any of OCTO's current promotions.

    The 50% match this week is only for this week. And it was only to spur volume on bittrex.com so that we would not be delisted. OCTO has had very low volume and I knew it would until the projects to give OCTO value are in place. That's fine and it makes sense that Bittrex system flags us for removal. However, I worked really hard trying to get us listed on Bittrex and it also affects the price and placement on coinmarketcap when the only other exchanges we would be listed on is the DEX and MasterXchange which will not reflect the true price.

    We had a decent response yesterday and that may have been enough to save us. The rest of the week is just to be fair for people who may not have seen it. I feel like only doing this for 1-3 days seems shady whereas a week gives most forum users the chance to see it, and participate if they like.

    However, the 50% will not last, because we do not want to waste distribution, I do think, to keep from being being flagged monthly, it is wise to incentivize users to trade that a very low interest rate for a 2-3 month period is feasible and fair to keep a high enough volume to keep us from being flagged. I need to keep that pressure off of me so that at the end of every month I do not have to stop what I'm doing and deal with trying to figure out how we are going to stay on Bittrex. So, that's the plan, give incentive for a short term period and make it easy by doing a monthly distribution with the current monthly's.

    As for buying/selling. Technically volume is volume and Bittrex does not care about buy/sell as long as the volume is there for them to collect fees. However, from OCTO's standpoint, it has to be buy only. That may seem odd at first, but we are not going to see volume that will pump up the price any more than what we have seen in the past when you look at the charts. There's not enough people who know enough about us and at this point OCTO is still speculation until we give you a reason otherwise.

    Also, I cannot incentivize someone to sell OCTO and then give them a 50% match on the amount sold because it would create a chain effect where if you traded for 1000 OCTO and I matched you with 500, then you turn around and sell 1500 and I have to give you 750, you sell 750 and I have to give you 375, you sell 375 and I have to give you 187.5. You see my point?

    It doesn't work when you do the opposite because you have to spend your own BTC to buy and once I commit to including a sell it compromises the coin and will spawn a price plummet.

    We also want people who purchase OCTO to be people who are really interested in OCTO's projects and what we have planned. Hopefully this will reward true OCTO fans and we will not see many who are just looking to buy, reap the match and then sell.

    Thanks for your time!

    OCTO Faucet Here: https://letstalkbitcoin.com/forum/post/octo-888-lottery-faucet OCTO SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/1feaa10d-b793-4abb-801d-7b782581faa5#choose

    octocoinburn@gmail.com skype: kristharp78 twitter: @theoctoparty website: www.theoctoparty.com bitcointalk.org: frameLAlife & OCTOPARTY

    www.freerosstoken.com is live. Support Ross Ulbricht's legal defense fund by purchasing FREEROSS tokens. FREEROSS SwapBot Here: http://swapbot.tokenly.com/public/FrameLAlife/62145d11-21d1-42d4-8d98-a5f71ce343ce#choose

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  • andref

    frameLAlife,

    Thanks for the details of your plan. I also think that it is more reasonable to buy.I inform my friends about your offer Thanks for your time!

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