KuCoin AMA With Octo Gaming (OTK) — Free-to-Play, Play-to-Earn
Dear KuCoin Users,
Time: April 12, 2023, 11:00 AM - 12:05 PM (UTC)
KuCoin hosted an AMA (Ask-Me-Anything) session with the founders of Octo Gaming, Thomas Bourbon and Robin du Fayet, in the KuCoin Exchange Group.
Official Website: https://octo-gaming.com/
Whitepaper: Click to view
Follow Octo Gaming on Twitter and Discord.
Guests
Thomas Bourbon — Founder of Octo Gaming
Robin du Fayet — Founder of Octo Gaming
Q&A from KuCoin
Q: Octo is a mobile app offering users to play and earn simultaneously. Can you tell us more about your app and the possibilities it offers? What can a new user expect when downloading it?
Thomas: Octo is a gaming app that provides users with an opportunity to play and earn at the same time. The app offers a variety of games, including competitive multiplayer games that users can play against each other. The games are fun and engaging and are branded with Octo IP and IP from blue-chip NFT collections such as Degenerate Ape Academy, ABC, and Claynausaurz.
When new users download the app, they can expect a smooth onboarding process and an easy-to-use interface. The app allows users to create an account and start playing games immediately. To incentivize gameplay, Octo has introduced a gaming currency called "Golds." Users can earn Gold by winning games, participating in events, and completing various tasks within the app.
These golds can be exchanged for rewards, including physical and digital prizes and exclusive content from Octo's partners. In addition, companies offer these prizes for visibility and user acquisition, making it a win-win for both the user and the sponsoring company.
Octo has developed a sustainable tokenomics model that ensures the long-term growth and success of the app and the OTK. The app also offers a free betting system through Golds, which is legal worldwide. This system allows users to bet on their skills and earn more Gold by participating in paid tournaments.
In addition to offering a fun and engaging gaming experience, Octo has developed a large network in Web 2.0 and Web 3.0 spaces. Furthermore, the app has important partnerships planned for 2023, which will further enhance the gaming experience for its users.
Octo's app offers users a unique and innovative way to play games and earn rewards. The app is easy to use, and the Golds system incentivizes users to continue playing and participating in the app's various offerings. With a sustainable tokenomics model and a strong network of partners and advisors, Octo is well-positioned for continued growth and success in the gaming industry.
Q: How is Octo development going so far? Can you describe in detail current development efforts, market expansion plans, and its expected applications?
Thomas: Octo Gaming company is exactly four years old right now, and for two years, with the launch of our mobile app Octo, our development has been skyrocketing! The mobile application is already LIVE on the App Store and Play Store for free!
Here are our metrics for the last two years:
● 3 million downloads worldwide with few communication (70% of organic users)
● Daily Active Users: 25K
● Monthly Active Users: 300K
● 50 million matches played by the users on the app
● 7 games are already available on the app, with over 2 million matches played per month
● Partnerships with over 30+ major web 2.0 brands (Lenovo, Logitech, DXRacer)
● Partnerships with Solana blue-chip NFT collections, including Degenerate Ape Academy, ABC, and Claynosaurz, with hundreds of millions of NFT sales, with a game on the Octo app.
We aim to become the core service provider for NFT collections and brands and the Gaming reference platform on Solana before opening to other EVM-compatible chains and bringing mass-market adoption to Web 3.0 through our mobile gaming hub.
Example of the announcement of Clayscape, our game in partnership with Claynosaurz.
Q: Please tell us more about the OTK token.
Thomas: The OCTOKN (OTK) is a utility SPL token built on the Solana blockchain that serves as the OCTO ecosystem's main utility token and currency. The token provides various functionalities and powers the entire tokenomics of the platform.
One of the primary uses of OTK is that players can earn rewards by participating in the "game of the week" leaderboard, which incentivizes users to play and engage with the platform. Additionally, users can use OTK to upgrade the levels of their NFTs, called "The Octos," within the app and recharge NFT power using OTK.
Another use case for OTK is in-app purchases such as cosmetics, skins, boost exp, and other features. These purchases can fill the liquidity pool and enhance the overall user experience.
Furthermore, the OTK token offers cross-functionalities with partnered projects, whether they have their own game in the app or not. Some partnered projects include ABC, Degenerate Ape Academy, Claynausaurz, and others, providing even more utility for the token.
The OTK token will be a crucial component of our ecosystem and the entire Solana NFT ecosystem. We have designed it to provide multiple use cases to create user value. We are excited to bring this innovative token to the market and provide our users with a fun and rewarding gaming experience.
For a more detailed understanding of the token's use cases, our whitepaper is available..
Q: Can you please tell us more about the usefulness of your NFT collection, "The Octos"
Thomas: Our NFTs are a crucial component of the OCTO ecosystem. Each Octo has a unique design and set of characteristics, making them highly collectible and desirable among NFT enthusiasts.
But the usefulness of these NFTs goes beyond just their aesthetic value. The Octos NFTs are more than just digital collectibles - they also have various in-game functionalities within our app, especially with the in-game powers they unlock. For example, players can upgrade their Octos to increase their power and effectiveness in gameplay. Additionally, Octos can be used to recharge the power of other Octos within the app. Today having an Octo NFT enables you to get a premium subscription within the app and redeem your Golds for SOL tokens.
But that's not all - we have many exciting plans for the future of our NFTs and their integration with the OCTO ecosystem. We plan to expand the functionality of Octos beyond just our app by enabling cross-functionalities with partnered projects with their games into the app. This means that Octo holders can use their NFTs in various contexts and games, making them even more valuable and versatile.
Furthermore, we are exploring other use cases for our NFTs, such as community participation rewards and governance mechanisms for the OCTO ecosystem. This means that by holding an Octo, users can enjoy the app's benefits and participate in the OCTO ecosystem's governance and decision-making.
Overall, our NFTs offer a unique and multifaceted value proposition for users. They are not just collectibles but also have real in-game functionality and potential future use cases. As we continue to grow and develop the OCTO ecosystem, we are excited to see how our NFTs will evolve and become even more valuable for our users. Get some NFTs in our marketplace!
Q: Strong backing is an additional strength that builds trust among new users who are doubtless curious about whom you work. Tell us about the projects or personalities who support your project.
Thomas: We are fortunate to have the support of some well-respected projects and personalities in the crypto and blockchain space. Our strong backing is a testament to the strength and potential of our project, and we are proud to be associated with such reputable names.
We onboarded many prestigious partners during this round, such as the Solana Foundation, KuCoin Labs, and others.
One of our most significant backers is Moonrock Capital, a leading venture capital firm that has invested in several high-profile blockchain projects. They were one of the earliest investors in our project, and we are grateful for their continued support and guidance.
Here is the full list of our investors in the Seed and Private Round: KuCoin, Gate.io, Mexc, Moonrock Capital, Synapse Network, RR2 Capital, web3insiders, Venly Ventures, Turtle VC, Tulip.garden, Enjinstarter, Flowdesk, Alpha Ventures, Coinintelligence, Metavest, BTSE & Angels
We also have the support of Sebastien Borget, co-founder and COO of The Sandbox, a popular blockchain-based gaming platform. Sebastien has been an advisor to our project since the beginning, and his expertise and insights have been invaluable in helping us shape our vision for the future.
Another notable advisor is Jeff Nowak, CEO of Maven, a leading blockchain and fintech solutions provider. Jeff brings a wealth of experience and knowledge to the table, and his guidance has been instrumental in helping us navigate the complex world of crypto and blockchain.
In addition to our advisors and investors, we have partnered with several other prominent players in the crypto and blockchain space, such as Flowdesk, Tulip.garden, Kamino, Orca, Raydium, Hadeswipe Plug & Play, and more.
Overall, the support and backing we have received from these projects and personalities strongly endorse our project's potential and viability. We look forward to continuing to work with them and building strong relationships with other key players in the crypto and blockchain space.
Q: If you could sum up why people should be interested in OCTO, what would you say to a random person you meet if they asked you? What do you see as the biggest benefits of joining the OCTO family?
Thomas: If someone asked me why they should be interested in OCTO, I would highlight several key benefits of being a part of the OCTO family.
First and foremost, OCTO offers a unique and exciting gaming experience that allows players to earn rewards and prizes while playing their favorite games through a live mobile app with an incredibly active community. Our app offers a variety of games, including both classic and innovative titles, all designed to provide hours of fun and engagement. With OCTO, users can play games, earn rewards through our utility token OTK, and even level up their NFTs, called Octos, for even greater rewards.
In addition to the gaming experience, OCTO is built on the Solana blockchain, which provides several advantages over other blockchain networks. Solana is known for its high transaction speeds, low transaction costs, and scalability, making it an ideal choice for our gaming platform.
Furthermore, we have a strong team of experienced professionals working behind the scenes, including co-founders Robin Du Fayet and Thomas Bourbon and advisors from KuCoin, Solana, Moonrock Capital, The Sandbox, Maven Capital, and many others. We also strongly partner with other DeFi and NFT ecosystems projects, including DAA, ABC, Clayno, Tulip.garden, Venly, and many more to be announced.
By joining the OCTO family, users can expect an exciting and engaging gaming experience with the potential to earn real rewards, all built on a strong and scalable blockchain network. With our strong team and partnerships, OCTO is poised for success and presents a unique opportunity for users to get involved in the rapidly evolving world of blockchain gaming.
Free-Ask from KuCoin Community
Q: Can anyone in the world access Octo Gaming?
Thomas: Octo is available everywhere in the world! Today our biggest user base is in Europe, the US, and LatAm, and we are now expanding a lot to Asia thanks to our investors and backers. But you can download the app and play from everywhere in the world!
Q: Is your token also available aside from KuCoin?
Thomas: For now, the OTK is only available on KuCoin Exchange. But we might open to some big other exchanges soon!
Q: What is the process for purchasing and using OTK in the Octo app?
Thomas: Thanks for your question! First, purchase your OTK on the KuCoin exchange, or you can also have some if you are the holder of some Octo NFTs. We have developed a non-custodial wallet on Solana, which is already live in the app. Then you will soon be able to win some OTK within the app while participating in the weekly leaderboard and spend your OTK to get in-game perks.
Q: What can the user do with "Golds" in Octo-Gaming? How can we earn this?
Thomas: The Golds are Octo virtual currency. Once you register on the app, you will get 200 Golds. Then you can bet from 20 to 200 Golds on casual games that we have developed and are directly integrated into the app. If you beat your opponent's score, you earn Gold that you can convert into digital or real-life prizes. Please note that Gold is not real money or cryptocurrency, only free coins in the app that you will never have to buy!
Q: What are the benefits of holding your token as a long-term investment?
Thomas: Octo is ambitious to become Solana's gaming reference platform before opening to other EVM-compatible chains and bringing mass-market adoption to Web 3.0 through our mobile gaming hub. We want the OTK to quickly become the reference token for NFT on Solana and the other chains later. The opportunity is huge here!
KuCoin Post AMA Activity — Octo Gaming (OTK)
🎁 Participate in the Octo Gaming AMA quiz now for a chance to win $10 in OTK!
The form will remain open for five days from publishing this AMA recap.
Giveaway Section
KuCoin and Octo Gaming have prepared a total of $2,000 in OTK to give away to AMA participants.
1. Pre-AMA activity: $400 in OTK
2. Free-ask section: $50 in OTK
3. Flash mini-game: $400 in OTK
4. Post-AMA quiz: $1,150 OTK
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