OctoFi

When you chose the Octopus as your mascot, I'm pretty sure it was as a symbol of having tentacles in many market pools features etc. But did you know, that latest research shows, that Octopus actually is suprisingly smart animal? They even seem to show emotional behavior and humor! They attach to people and form friendships. Great choice!

I love OctoFi - it is a great product, all in one DeFi+NFTs. And great community too.

With the Cashback wallet that OctoFi is creating, it will gain real traction! Imagine interacting with platforms whether it's trading or buying NFTs, and getting cashback - genius!

Hello Frentacles! 🐙 OctoFi gives you cash back when you transact with the most trusted decentralized finance (DeFi) and non-fungible token (NFT) marketplaces. Earn free crypto. Octomatically. Our cashback mechanism is built into:

• OctoFi dApp: an all-in-one decentralized application serving up direct access to a broad range of DeFi and NFT marketplaces from one convenient location.
• OctoFi Wallet: a fork of MetaMask with lower built-in swap fees, support for various networks by default, essential NFT features, and removal of all user tracking.
• OctoFi Token: an ERC-20 on the Etherum network, OCTO is used to govern the project, unlock exclusive features, and earn your share of revenue.

🤔 How does it work? When you transact with any of our referral partners using our wallet, either from our dapp, or directly on their own websites:

• They pay us a share of their revenue as commission
• We pass through 40% to you (if using our wallet)
• The remaining 60% goes to our token holders

If you don’t have our wallet installed, you can still connect to and use our dapp with most other popular wallets, but 100% of any commissions generated by your transactions will be directed to our token holders. 🤷‍♀️ Why is this important? We’ve witnessed similar value propositions in the $3.9 trillion ecommerce industry with the likes of Honey, who were acquired by PayPal in 2019 for $4 billion. This model has been replicated by crypto companies such as Lolli.com who use a portion of their ecommerce referral commissions to reward shoppers with Bitcoin cashbacks.

🔥 Honey and Lolli for traders anyone?

But we’re crypto native and with over $1 trillion in value settled on the Ethereum alone in 2020, we forsee opportunities for this proven business model to grow exponentially within decentralized finance, collectibles, artworks, exchanges, gambling, gaming, and more! ⏳ When is it useful? We endeavour to accelerate growth for our referral partners while embracing a multi-chain future, so it’s fair to say every effort is being made to expand our partner network to ensure our products are useful NOW, and well into the future…

• dApp: bookmark or install as a progressive web app (PWA) even if you prefer to use another wallet (eg. We direct 2.5% cashback from OpenSea to token holders).
• Wallet: simply install it and reap the rewards when using it on our dapp or one of our partner sites (eg. Get 1% cashback when you purchase any NFT on OpenSea).
• Token: purchase the OCTO token to gain access to exclusive features, participate in governance, and earn your share of all revenue from the wallet and dapp.

As interoperability and composability shape up to be defining narratives within our industry, many leading projects are supercharging their growth by embracing the affiliate model to establish partner programs – ecommerce giants like Amazon certainly did; so why wouldn’t the future blue chips of blockchain? Welcome to the Tentacult, Doc.

Would be great if the cashbacks are available to the dapp as well

Good times are coming for OctoFi and the whole DeFi space. The new website looks really good!

I think the product really touches on all the bright spots in the evolving space of crypto. The Dapp aggregator is an all in one platform offering the best DeFi tools under one roof. From octofi’s NFT marketplace to its swaptopus tool that finds the best rate to exchange, this platform makes it a breeze for on boarding new comers into this industry. Aside from the magic happening on the decentralized application, the team has announced a cashback browser extension that pays a little for every DeFi and NFT transaction you make. Now THAT is next level. I love the team and the vision. LFG!