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Octo Gaming Price

(OTK)

Note: This cryptocurrency has not yet been officially listed on KuCoin Thailand.

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Octo Gaming (OTK) Live Price Chart

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    OTK(OTK) Profile

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    ATH
    $0.12041089
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    489,529,439
    Max Supply
    1.2B

    About Octo Gaming

    • What Is Octo Gaming (OTK) Crypto?

      Octo Gaming is a community-driven platform that offers a wide range of casual Play & Earn games via the OCTO app on iOS and Android devices. Users can play games on Octo Gaming’s OCTO app and monetize their gaming experience.

      The Octo Gaming platform runs on the high-speed Solana blockchain and has over three million users as of April 2023. The project aims to become the first GameFi platform to onboard millions of gamers worldwide from web2 to web3 via its casual gaming hub.

      Octo Gaming is one of the first gaming projects to leverage a double reward system. Based on the competition economy, the platform rewards players with tokens and real-life prizes from branded partners.

      OTK is the native cryptocurrency of the Octo Gaming ecosystem. It will help monetize players’ experience on the gaming platform, buy NFTs, access premium subscriptions and exclusive content, and earn crypto rewards.

    • How Does Octo Gaming Work?

      Octo Gaming is developed on the Solana blockchain, and the team plans to expand to other EVM-compatible blockchains. Its key offering is the OCTO mobile app that lets users access several games, play them, compete against other players on the platform, and earn rewards.

      Gamers earn rewards in Golds points that can be exchanged for physical and digital prizes from real-world brands partnered with Octo Gaming. Players can also compete in games’ leaderboards to win $OTK crypto to harness more monetization opportunities from the GameFi project.

      Players can register on the OCTO app, choose a game from the multiple options listed in the library, bet 100 Golds on their victory, and play matches against other gamers. They can claim rewards in Golds and OTK.

      They can also buy Octo NFTs, in-game assets that can help them participate in the games on the platform. Octo NFTs are available on leading NFT marketplaces such as Magic Eden, Solanart, OpenSea, Fractal, and Tensor.

    • When Was Octo Gaming Launched?

      Robin du Fayet and Thomas Bourbon founded Octo Gaming in August 2018 as a way for online gamers to monetize their time and effort spent playing video games. The project launched initially as BetOnYou and was later rebranded to Octo Gaming.

      The founding duo started work on the project by creating a chatbot on Messenger powered by Chatfuel. The chatbot provided a quick go-to-market product, gaining the OCTO app a user base of over 40,000 in seven months.

      Octo Gaming received a €30,000 grant via French Tech from the BPI and Normandy region. This fund was used to expand the team and develop its first mobile app.

      In August 2020, Octo Gaming raised €1.25 million in funding from top French Angels and VCs. This fundraising round helped the team conduct a complete overhaul of the OCTO app, integrate all social aspects, and revamp its visual identity to appeal to Gen Z gamers.

      In February 2023, the team announced the $OTK token as its ecosystem’s native crypto asset. The first and second rounds of OTK airdrops were announced in February for users who owned The Octos NFTs.

    FAQ

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