Topic: [ANN] OCTO - Resurrect 888 - New Counterparty Asset - page 6. (Read 37843 times)

i mean it's the last night for 50%. we will discuss it more this week but we should set the % way lower. we cannot distribute this much OCTO on a weekly basis. but it was good for the purpose of keeping us on bittrex. i'm thinking maybe 10% will be good enough to keep the transaction volume up at bittrex but we will have to test it out.

hopefully we won't have to do this for more than 3 months to give us time to give OCTO some better use.

we have two things in our favor:

1. thegrid.io should let me join beta access at some point in july according to their twitter and news message. this is one month behind schedule but better late than never. i could have already been up and running if i had access at the beginning of May like i previously thought. i suspect that it will take at least the month of june to lay everything out and start contacting bitcoin companies to see about advertising on our site. hopefully some will bite. as soon as i have about 2-3 weeks of steady income from the site i will start pulling some funds for OCTO development.

2. the letstalkbitcoin.com and tokenly swapbots should launch soon and that will make it so that virtually anyone can offer goods, services or other tokens that are redeemable for goods and services in exchange for OCTO. that's great for OCTO and any Counterparty token all around. I urge you guys in the community to take advantage of swapbots if you have ideas for it. supposedly even if you don't want to code one into the website yourself, you can rent a swapbot for $5-$10 a month which is affordable if you are offering something that's worth buying. if you make it so that users must purchase your good or service in only OCTO,  then hopefully it will start to affect the volume and price at bittrex. i have the ability to host up to seven websites with my thegrid.io account so one of them may be an OCTO only directory where anyone that accepts OCTO can list on our site for free! make it easy for OCTO holders to search for things they may wish to use their OCTO for.

I don't have a domain name for that site but hopefully someone will be willing to get one for us. I know someone had octo.party but i can't remember what they wanted to use it for.

I have about 3-4 sites i'm already building but i will definitely use one to do an  OCTO directory so that we make it easy for users to spend OCTO

well, in that case.... heh heh. 

Got ya Hashbrown. Last night to grab the 50% match. I will send them out tomorrow night along with the Lottery Faucet.

just sent in my match screenshot and ino

Cool, will do. Thanks.

https://reputation.coindaddy.io/xcp/asset/OCTO

Guys please go to this page and rate OCTO! They finally launched the reputation system.

I have a nice buy order, just waiting for someone to dump into it! 

^^ what cabbage said.

Thanks for your interest. At this point if you decide to purchase OCTO its for pure speculation. We were a dead altcoin that conducted a burn and moved to Counterparty. At this point I'm the only person working on OCTO and I'm not even a dev that's why I call myself a project manager. We have not had any interest from any devs that weren't looking to be paid a salary. I have a job and I can only devote a specific amount of time to OCTO and I've done so only receiving donations and zero salary in Bitcoin or OCTO at this point.

However, we do have plans for 2 specific functions that are listed in cabbage's response above. The first one is the one I'm most active in and that is setting up a website that is marketing related and will hopefully generate income for myself and to fund the actual OCTO project. It shouldn't be long as I'm waiting for thegrid.io to launch before I can test their website service to see if it will be functional and also allow some of the token control access like letstalkbitcoin.com.

Once I have this site going hopefully I will generate enough revenue that I can afford to put way more time into OCTO and also pay some developers to begin working on our "working model" of a fantasy sports/fantasy mma website that will allow you to play with whitelisted Counterparty tokens such as FoldingCoin, OCTO, XCP, Storj, Swarm, GEMS & LTBCoin.

The plan is to take revenues from the "working model" to advertise and run the site and eventually hold a crowd sale once we've attracted developers to fund an actual complete fantasy sports website that uses Counterparty tokens and allows you to charge a fee in whatever token you wish, in our case OCTO. The code will be open sourced so that any Counterparty asset can apply this to their sites and have an extra use for their tokens and websites that the wish to gain revenue from. So we have a plan for an actual use that not only helps us but helps Counterparty in general.

It's a slow process as you only have myself working on it and that I expected thegrid.io to be running by now. Unless we get lucky and have devs come along that see this vision and wish to help out for a stake in OCTO, then I don't see it speeding up.

I am passionate about this and spend quite a bit of my time working on this. I'm so passionate that when I launch the first marketing website I'm not even taking 100% of the profit and I'm using the money to fund developers to build what we need to make OCTO successful.

No offense taken. Most people should be so smart to ask what exactly they are sinking their BTC into before just trading for random coins.

If you know of any devs looking for a home, please spread the word and send them our way. Be looking for the marketing related site to launch as soon as I can get it up and running. I may not be a dev but I work for an online directory that does huge volume so I'll take what I know from that and try to make my site successful. We don't even need huge volume to pay me what I need to survive monthly and still be able to fund some devs and launch the fantasy mma site.

That's my plan and pretty much where we are at in OCTO at the moment.

I am always open to people willing to help and ideas. This isn't even s set in stone plan, as OCTO is a token that was created from an abandoned alt. You never know what other ideas or people may come along and use OCTO as a platform for their ideas.

But for now since I am the only one really working on this, that is the plan

Pretty much every altcoin out there has no practical real world application apart from speculation against BTC.  The plan for OCTO is here(stole quote from OCTOPARTY on other forum)

'OCTO has two main focuses being planned. The first is token control access related marketing for Bitcoin merchants. The second is to build a Counterparty payment system for multiple Counterparty tokens, if not all, which will utilize OCTO or any other designated token as a fee generator.

The first project related to the merchant marketing is simply to find creative ways to use token control access for marketing purposes and to raise capital to fund the main project.

We are also using a specific website gaming model for the Counterparty payment system. So once even the working model for that is built, users will have a reason to use OCTO and a means to spend different Counterparty tokens to participate in the game on the website.'

At this point he is rebuilding from an abandoned community and trying to stay on Bittrex to get projects underway, I would say why invest in OCTO?  The reason I would give is the entire process including the burn has been open and transparent, there has been no false promises made to pump n'dump the coin like so many I have invested in.  For me its worth taking an informed risk on, but its a risk just like any other altcoin.

Hi, I stumbled by chance on this coin, spend an hour reading a bit of the history and theoctoparty.com and even watched those 2 youtube videos, but I still do not really get the point of the coin.
The user Octoparty seems to be very devoted to the cause and a nice guy, but what exactly makes this coin so special?
I am not trying to offend anyone, but to someone like me just stumbling upon it, it seems like only emotional attachment to the former versions are keeping this (somewhat) alive? What am I missing and why should anyone spend some BTC on this coin and not the hundreds of other alts?

Thanks to our first participant who traded for 23,409 OCTO. We will distribute 11,705 OCTO to their Counterwallet address.

Sounds like a good idea to me, if it helps create some buy pressure while work on features takes place I'm all for it. 

Here's a test run for a Bittrex stimulus package. For the next 7 days screenshot your Bittrex trade for OCTO that includes the amount and date along with your counterwallet address and we will distribute a 50% match.

You purchase 1000 OCTO and we will distribute 500 to you. This is for the first week only. If this shows decent results and the community thinks it's a good idea to distribute a % as an interest stimulus to stay on Bittrex, we will consider adding this to the monthly distribution along with the faucet and the folding distributions. It will definitely be at a lower % than 50. Get it while you can and make sure we stay on there.

Thoughts?

Yeah if we want to stay on Bittrex we need a little weekly volume.

I'm the one who suggested Cryptopia but looks like they are out as an option, admin got back to me and said they aren't setup for counterparty assets at the moment.  I will keep an eye out for other alternatives anyway, good to see Bittrex getting back some volume today.

So we are probably going to be delisted at Bittrex.com.

We just cannot keep the volume high enough to keep their system from triggering us for removal. We don't have plans set for the first project yet and the ability to get a dev that would do any work for OCTO only isn't panning out.

We may have to think about other options. We may have to try to get on a lesser known exchange. But we definitely need to have an exchange to stay on coinmarketcap.com.

It's not a huge ordeal but it does take away the basic presence.

The plan for the first project still has no traction because I don't have the capital to even get it launched yet. I know that thegrid.io won't let me launch the site until sometime in June to start raising money to pay for servers, domain name and for someone to code Counterwallet with OCTO as the only white listed token. But that is the eventual plan so that we at least have a reason for people to buy OCTO to come play the first projects game.

I'm still planning the site for thegrid.io for now. It will be a Bitcoin Directory and will sell listings and advertising. I think once it's up and running I can start to split my profits to pay myself and raise capital for the first project.

If anyone has any great ideas lets hear them For now, we don't have a use for OCTO and it's hurting us at Bittrex. A community member reached out and suggested crtyptopia exchange i believe. Maybe for now we should just look for a lesser known exchange to keep OCTO viable.

Any suggestions or input is appreciated.

I think so. We just need more people to donate

Wow, this is a very nice idea.

Hey Guys! Don't forget about the donation drive. Only a few weeks left. Let's show some support.

DJSlick donations

1D9zSxjWbVrPTwbfmT6HcjJ1nXsYmp9nd3

FoldingCoin Dev Team donations

178bc6SiCyoXJTXqSDQ6d978UVPX3TKWhb

DNOTES community donations

1NnhoV5LDnMn56zzDL65FQn2WamYxL9TUk

Cryptomoms.com donations

1Einv9auKP1Y6aNj9feiFnWRKCRgtP56Vp

These donations will be collected between May 3rd and June 3rd. Please send a few OCTO or any other assets you like Smiley

After the June 3rd deadline, I will give the recipients until June 10th to claim their donations by providing their Counterwallet addresses. If they do not claim the donations all funds will be sent to the OCTO devs fund address.

OCTO devs fund address: 12tLdoXzqCdRh5wFvNZvCUwyspEac43Xpa

Thanks for all of your donations and for supporting community members and OCTO-friendly groups!

You can check the current balances on blockscan.com.