Review Octus Network | Why Crypto World Need Of Octus Project

Distribution Accounting Technology (Blockchain) is going forward very fast, covering every single ﬁeld of world´s trade, innovating and improving actual process and security procedures. Blockchain projects are based on cryptographic algorithms that allow recording every transaction executed on its system on a decentralized database in a synchronized way. Each single blockchain has an asset called cryptocurrency, asset or token; those crypto-assets are transmitted via web and every of their movements from site to site are recorded as a mining asset validation.

Today there are too many blockchain projects, with their particular mining and crypto-codiﬁcation algorithms; some are faster and innovating than others. However all projects issue tokens or coins that people keep or change by some service or goods.

Today is necessary to create a Project to handle transmission of those crypto-assets massive and safely. In spite of that each blockchain´s wallet allows for sending and receiving tokens, it´s also known that every sending made permits to execute only one transaction at once and manually. But the future would be a maze. For example, if a Company needs to make multiple and simulta neous sending to motivate all of its 5.000 employees by giving them crypto-bonus, that operation made manually would take too long, and the risk of mistake would be high as well. That´s why it is necessary to develop a system able to handle an automated and safety crypto-assets massive distribution, using a simple and easy-to-use interface. This idea would make very easy massive crypto-asset distr ibution on daily life. Now, Project Octus Network has born.

What Is Octus?

Octus (OCT) is the first and true cryptographic project for the massive and automated distribution of cryptocurrencies and tokens of the most popular and known blockchains such as Bitcoin, Ethereum, Bitshares, NEO, NEM, Waves, among others.

Being a decentralized tool, that anyone can use it for the purpose of distributing cryptocurrencies to a list of wallets of their own choice, in an automated, controlled and secure way.

The Octus project was born from the cryptographic community need in the following tasks. 1) Airdrop’s token distribution, 2) ICO’s tokens distribution, 3) Profits distribution of a pyramidal organization, 4) Programmed payments of cryptocurrencies of a company or startup, just as it is done in a payroll system, 5) Micro payments, 6) Distribution of rewards and bonuses, 7) Sending of gifts and consignments, among many other uses.

Why Crypto World Need Of Octus Project?

Television and the internet experimented an evolution and many tools were developed for use, handle and understanding of such technologies like mouse, graphic interface, software, explorer, browsers, etc. As all of them made easier the use of computers and the internet, today it is necessary to develop tools to facilitate use and massive handling of crypto-assets by widely functional, strong and easy-to-use and understand interfaces, covering areas unexplored yet.

Example: it would be needed a software that performs as a salary payment platform, for payment massive sending, without problems when airdrop is processing; no technical or middleware complication; final user would be able to understand and use those innovating technologies. The possibility that anyone could reach a powerful tool for massive distribution of crypto-assets would be a great step forward.

The Octus Project

1) Airdrop’s token distribution.

2) ICO’s tokens distribution.

3) Profits distribution of a pyramidal organization.

4) Programmed payments of cryptocurrencies of a company or startup, just as it is done in a payroll system.

5) Micro payments.

6) Distribution of rewards and bonuses.

7) Sending of gifts and consignments, among many other uses.

HOW OCTUS PROJECT WORKS?

1) Any user could download the application on his computer; this application is called OCTUS.

2) User would choose any of the blockchains available from the list on the application to execute distribution.

3) OCTUS will synchronize the blockchain or will prepare the Smart contracts to be executed.

4) User must pay 100 OCT (Octus tokens) to the application, as a tax for each distribution made. If each token costs 0.5$ at the moment and its value would rise up to 1$, the payment will decrease down to 50 Octus- tokens. Those payed tokens will be reserve don the Project wallet and remain there for 3 months and then released to be used again.

5) Once OCT (Octus tokens) had been paid for application use, the app will validate wallet list must be on CVS or JSON format. Each wallet will be validated before sending in processed in order to check token or coin to be sent.

6) Application will ask user how fast the sending is required and then will calculate fee payment. Wallet must have enough gas or fee to execute the sending.

7) Application will start batch processing and will show results in real time. 8) By the end of each distribution, the application will show a report with results.

Technologies to be used to develop Octus would be C#, Node.js, Java, mongoDB, Perl, PHP, C++, Angular.