The Octanox was launched in May 2017 and is therefore, one of the newer currencies on the market. This is a good time for investors to snap up the OTX tokens, which are likely to gain value over time. The currency can use both the proof of work and proof of stake mining methods. The currency can be used for much of online trading and transactions. The crowdsale offered 12 million OTX tokens, while a few were reserved as rewards. The funds raised were used for marketing and other development functions.
The Octanox is a currency designed to offer rapid transactions. Users who use traditional currencies, often find high transaction charges to be a barrier to trade. With Octanox, this problem is resolved to a great extent. There is no need to worry about fees, since the currency reduces the fees drastically. This is the perfect way for retailers to get more buyers. Also, buyers can experience the ease of fast transactions, without delays. The currency is based off the Waves blockchain. Promoters are looking to not restrict the currency to just one platform. This means the currency will have widespread use. Users will therefore be able to carry out different types of transactions using the Octanox coins.
The OTX can be purchased for bitcoins on the HitBTC exchange. The currency also offers many tools, such as a block explorer. This is expected to ease the work of miners, who can earn rewards for mining blocks. Users can rely on a web based wallet for carrying out transactions. The Octanox is a currency that can be used on different platforms. One of the uses is on the Surviz game platform. Here, users can fight to survive against zombies and they can use the OTX currency for paying fees, purchasing equipment and so on. Promoters want this to be a fun learning experience for those who may not have used digital currency previously.
The currency has been undergoing rapid development, and there are now different types of wallets on offer. Windows based and browser based wallets are both available. Users may move their OTX coins from cryptopia, or other exchange as soon as possible, to maintain currency integrity. The Octanox currency was swapped for a more developed version in mid 2017. Currently, there are plans to offer Android based wallets, for phone users and this is expected to boost the speed and efficiency of online transactions.
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