What is Octoin Coin

Abstract

There could be long discussions on how the cryptocurrency market develops and what tendencies it is exposed to. There are many alternatives of solving the difficulties associated with scaling and decentralization which are offered by developers. There are also numerous cryptocurrency forks which founders have undergone in the past year. Everyone wants to know what factors influence their ups and downs. This is a dynamic process that does not stop. We are witnessing the scaling of the cryptocurrency market which is saturated with tokens. Unfortunately, the tokens are not always stable with a proper level of confidence. They are often having unreasoned low security and other shortcomings. Many projects are closed due to misuse of funds or an incorrect development strategy. All this entails increased risks of investing in cryptocurrencies.All these factors have spurred the Octoin community to create its own cryptocurrency. It will stimulate not only investment growth but will also serve as a stable tool for exchange among users of the community.Within a few months, namely from June 2017, the Octoin Team set out to create its own cryptocurrency. For a long period of time meetings were held with the founders and leaders of the community. They were analysing the prospects of their own cryptocurrency, the risks associated with the current situation in the market of cryptocurrencies in various countries. They also identified the optimal environment for use, consulted with analysts and financial experts.Only after the development strategy (Roadmap) of OctoinCOIN was clearly established, we launched the implementation of this project.