What Is Octorand (OCTO)?
Octorand is an ecosystem made up of a collection of configurable NFTs known as Primes (1,000 Gen1 Primes and 8,000 Gen2 Primes) and the deflationary currency OCTO. Each Prime is an Algorand Standard Asset (ASA) that has 8 (Gen1) or 16 (Gen2) letter traits, stored on the Algorand Blockchain. In the initial application, these traits can be transformed to spell words and phrases to earn badges and score points in a gamified competition.
The ecosystem features a growing number of dApps - the initial application “Octoword” will be joined by the second dApp “Octodraw” in Q4 2022 with more dApps to follow.
OCTO is the native utility token that is used to pay for all transactions within the Octorand ecosystem
Fees for changing the letter attributes of Primes
Fees for changing the artwork of Primes
Fees to upvote / downvote Primes
Fees to use the on-chain messaging facility which allows wallets in Algorand to message Prime owners
Fees to store pixel art frames in the upcoming Octodraw dApp
Being a deflationary token, OCTO is also a store of value.
How Many OCTO Coins Are There in Circulation?
Octorand launched on the 27th of January 2022 with the creation of the 1,000 Gen1 Primes. Each Gen1 Prime contained a store of 1,000 OCTO which were emitted at a constant rate of 0.0001 OCTO per second (8.64 OCTO per 24 hours). This makes a Total Supply of 1,000,000 OCTO. No more OCTO can be created.
All of the stored OCTO were emitted from the Gen1 primes on the 17th May 2022.
All transactions paid in OCTO are burned - the smart contract sends the transaction fee to the creator wallet which has been rekeyed so as to be verifiably inaccessible. As of the 19th of August 2022, 218K OCTO tokens have been burned leaving a remaining circulating supply of 781K tokens.
Who Are the Founders of Octorand?
Octorand is the brainchild of Developer Declan Rocco, assisted by Rob Sanders who is responsible for the Marketing of the Project. Declan is a career software dev
Where is Octorand available for purchase?
You can exchange OCTO tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Octorand is Tinyman, notably the OCTO/ALGO pair, which saw a trading volume of $ 139.32 in the past day.
What is the highest value Octorand (OCTO) has ever reached?
Octorand (OCTO) reached its peak price at 0.7523 $ on 16 November 2022, approximately 3 years ago ago. Presently, the current price is -98.56% lower than this all-time high.
What is the historical minimum price for Octorand (OCTO)?
The minimum price reached for Octorand (OCTO) was 0.006467 $, documented on 22 June 2025, more than 2 months ago. In comparison, the current price is 66.91%, it above this historical low.
What is the fully diluted valuation of Octorand (OCTO)?
The fully diluted valuation (FDV) of Octorand (OCTO) stands at $ 5,254.67. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000 OCTO tokens. The realization of this FDV might take several years depending on the emission schedule of OCTO tokens.