Cryptocurrency

Stablecoin Airdrops From This New ICO Redefine Value Creation, SHIB Holders Could Benefit

IndustryTrends

Octoblock's innovative USDC airdrop approach digresses from the flat traditional token distribution. The OCTO approach changes DeFi operations and redefines the landscape by offering value-based solutions. SHIB holders can now have a chance to realize meaningful value creation. Beyond meme coins.

Will Shiba Inu go to $1?

The SHIB price is currently trading at $0.000025, an 8% drop from its past week position. The Shiba Inu news attributes this decline to a general crypto arena's downturn driven by Bitcoin's fall to $68K. Despite this, there's hope on the horizon with the upcoming Bitcoin halving, which could boost Bitcoin and in effect spill to SHIB. Technical analysis bets on SHIB to break resistance soon at $0.000029, and execute a bullish trend, toward $0.000031. However, SHIB was making losses and as its price resonated with Bitcoin, there was panic as the BTC price dropped. Shiba Inu's targeted $1 may not be achieved because of the huge SHIB supply and the current price levels. 

How Octoblock Empowers Investors Through USDC Airdrops?

Octoblock rolls out a comprehensive solution featuring packaged value-added investor benefits. With free USDC airdrops hitting the market while the project is still in presale, more goodies are lined up even after launch. Currently running phase four with an offer of ICO tokens at a discounted rate, Octoblock allows holders to generate wealth through the Nautilus Trove, a profit-generating platform within the protocol. The Trove generates profits via investments and ICO staking to generate high APY, currently displayed on the website at 165%, which is higher than current projects in the market.

The Nautilus Trove allocates 45% to all ICO investors distributed via USDC stablecoins to the addresses containing OCTO tokens. The allocation is prorated according to the OCTO token holdings in one's portfolio and happens every Monday. Octoblock's USDC airdrops during presale are a new approach in the DeFi market and signal the course that new DeFi is taking.

The ICO also opens an opportunity to win a new 2024 Tesla, courtesy of Octoblock's Tentacle Trust's environmental conservation through carbon reduction. Every token acquired through the ICO enters the draw which will take place on completion of the ICO phases before launching the platform.

The rest of the profits go to charitable trusts as voted for by the ICO holders and the profits remaining are reinvested for sustainable platform's profitability and liquidity. Octoblock will after launch, implement its initiatives as per its roadmap, such as a multi-chain platform. Coral Cove DEX is working on a user-friendly DEX that will support several blockchains and cryptocurrencies.

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