Services

Appchains in the Octopus Network benefit from being both autonomous blockchains and members of a well-connected network with access to rich services and facilities.

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Security

The Octopus Relay provides unprecedented flexible and cost-effective leased security. Appchains decide how much security they want and how much they are willing to pay for it.

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Interoperability

Appchains enjoy out-of-the-box interoperability, including trustless interaction with NEAR, Ethereum, and any IBC enabled blockchains.

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Infrastructure

Infrastructure support for appchains includes testnet, RPC gateway, indexer, block explorer, wallet integration, archive service, and more.

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Community

The Octopus Network acts as a meta-community that scaffolds new appchain communities via fundraising, recruiting, know-how sharing, tokenomics design, token listing, and more.

Technology

The core of the Octopus Network is the Octopus Relay — a set of smart contracts running on the NEAR blockchain, aka mainchain, that implements the security leasing market. Octopus Network appchains sit on the demand side of the market. They pay rent in their native tokens to lease security from $OCT holders. $OCT holders that delegate their $OCT by staking on appchains have the opportunity to diversify their investment profiles with a wide variety of protocols.

The Octopus Relay enables appchains’ interoperability with NEAR protocol and Ethereum via the Rainbow Bridge. Additionally, appchains can utilize an out-of-box IBC pallet to connect with any IBC enabled blockchains directly. Thus, assets issued on Ethereum, NEAR, or any IBC enabled blockchain transfer into Octopus Network appchains trustlessly. Conversely, assets issued on appchains can be transferred trustlessly to Ethereum, NEAR, and any IBC enabled blockchain.

FAQs

  • What is the Octopus Network?

    The Octopus Network is a multichain cryptonetwork for launching and running Web3.0 application-specific blockchains — appchains. Appchains in the Octopus Network benefit from flexible and cost-effective leased security (LPoS), out-of-the-box multichain interoperability, complete infrastructure, and a ready-to-be-engaged community. The core of the Octopus Network is the Octopus Relay — a set of smart contracts running on the NEAR blockchain, aka mainchain, that implements the security leasing market.

  • An appchain, or application-specific blockchain, is an independent blockchain used explicitly for a specific set of custom-designed applications. Unlike dApps, appchains allow developers to customize their applications in terms of governance structure, economic design, and underlying consensus algorithm.

    Each appchain is a self-governed economy with code-defined explicit processes to reach agreements on protocol upgrades. Appchains have dedicated transaction processing capacity and can easily achieve 1000 TPS throughput and fast finality. In addition, appchains in the Octopus Network can scale their security as they need it, reducing the cost of publishing an appchain by a factor of 100.

  • Substrate is an open-source development framework created by Parity Tech for building blockchain technologies. All kinds of blockchains can be built on Substrate, such as stand-alone chains, Polkadot parachains, and Octopus Network appchains. 

  • NEAR Protocol is a sharded proof-of-stake (PoS) blockchain that emphasizes scalability and usability. NEAR is often referred to as a ready-made scalability solution for existing Ethereum dApps, but it is equally capable of handling a suite of other types of decentralized solutions — such as appchains. The Octopus Network chose to build on NEAR because it offers a more cost-effective, scalable, user-friendly, and interoperable L1 solution for building appchains.

  • $OCT, the native token of the Octopus Network, is a fungible, non-inflationary token with three primary utilities. $OCT is used to provide collateral to guarantee appchain security, select appchain candidates by upvoting and downvoting mechanisms, and governance. $OCT is an NEP141 token on NEAR protocol.

  • Any Substrate-based chain can apply to become an appchain in the Octopus Network. Registration is permissionless but requires a white paper or spec and a runtime release that has been internally tested and audited. Please refer to the Development Guides to learn more.

  • The Octopus Accelerator Programme is a collection of open and composable courses and seminars available to both Substrate developers and Web3.0 teams funded by the Octopus Foundation. Courses are held quarterly, followed by a Demo Day event to select the top five appchain projects and provide them with up to $250k in total rewards per quarter. The Octopus Foundation will directly fund 20 appchain projects through the Octopus Accelerator Programme each year, granting them up to $1M in total per year. Projects that successfully pass the process may also receive tech support and strategic partnerships.

Roadmap

  • January 2021

    Strategic investor and partnership deal

  • Feburary 2021

    Seed round fundraising

  • March 2021

    Phase I testnet with leased security

  • May 2021

    Phase II testnet with cross-chain assets

  • July 2021

    Series A fundraising; Fully functional Phase III testnet

  • August 2021

    Security auditing; Enable $OCT token transfer

  • October 2021

    October 8th: Mainnet launch, open appchain registration. First Octopus appchain goes live end of October.

  • 2021 Q4

    • The 1st Appchain

    • Fraud Proofs

    • Accelerator Program: the 1st batch

    • Astar - Cosmos Bridge

    • Substrate IBC Pallet

  • 2022 Q1

    • Launch One Appchain Every 3 Weeks

    • NEAR/Appchain NFT Transfer

    • Appchain Forker

    • Appchain Indexer

    • Octopus DAO V1

    • Accelerator Program: the 2nd batch

    • IBC Bridge for Octopus Appchain - Cosmos

  • 2022 Q2

    • Launch One Appchain Every 2 Weeks

    • Appchain Native Token Buy Back

    • LPoS to PoS Toolset

    • Octopus DAO V2

    • Accelerator Program: the 3rd batch

    • Octopus Council Execution

    • NEAR IBC

    • IBC Bridge for Octopus Appchain - Polkadot

  • 2022 Q3

    • Launch One Appchain Every 2 Weeks

    • Octopus DAO V3

    • Accelerator Program: the 4th batch

    • Upgrade DAO Contract

    • Manage Grants

    • NEAR IBC

    • IBC Bridge for Octopus Appchain - Polkadot

Ecosystem

Contact

Please feel to get in touch with the Octopus Network community managers:

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Aaron Ting

Community Director

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Woori Chen

Community Manager - Korea

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Tracy Salander

Community Manager - North America

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Suzanne Leigh

Community Manager - Japan

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Sheldon Dearr

Community Manager - North America

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Diego WOLFF

Ambassador-France

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Tran Minh Tu

Ambassador-Vietnam

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César Incio

Ambassador-Peru

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Eugene

Ambassador-Ukraine

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Joe Huynh

Ambassador-Finland

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Nurik

Ambassador-Belarus

Appchain Candidates

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