Octobase is a company that seeks to exploit the potential of the blockchain. It wants to make the technology accessible to all via a simple and secure interface. This interface will be easy to navigate using the perfectly integrated products located in the Octobase Suite.
At the heart of this company is the Octobase Suite. This product suite ecosystem utilizes the blockchain and the smart contract technology both off and on-chain. These two technologies are used to create a meaningful environment in which institutions and individuals can address real-world challenges in business.
The Project Flagship Product: Octo Vault
If you are looking for a secure place to store your Ether and ERC20 tokens, the Octo Vault smart contract is the place to do it. This vault has been designed in a manner where only you will have access to your digital assets. Even the Octobase team will not have some kind of backdoor access to your assets. This is just a demonstration of the potential that this project has.
Initially, this vault will only support tokens created on Ethereum and the ether. However, as time goes by, they will add other coins. The first ones that are on the list are EOS, Bitcoin, and many others in future. These coins will be added on an on-demand basis from the community.
Benefits Of The Octo Vault
If you ever lose access to your vault, you can be able to regain access to it without the need for centralized control of your assets. You will also be able to set hard spending limits. Thus, in case, your security is ever compromised, you can limit how much thieves can steal from your account. In case, you find that your account has been compromised, the vault will come with hacking protection. This will allow you to freeze all transactions until you can regain access to the account.
The vault also comes with something called wills and estate planning. After a prolonged period of inactivity, you can set the funds to be disbursed to various parties. Finally, this vault will not have any central control. It means you will be the only one who can access your accounts at any time. Other features of this product include a mobile and web clients, a simple interface, and integration with Octobase suite.
The Octobase Equity
The Equity is set to begin in about 34 days. Investors will be given an opportunity to make an offer, which will be managed on the Ethereum blockchain. This will include things such as shareholder voting and dividend payments. If you would like to make an offer, you will first need to provide some information about yourself and register. When your registration is accepted, you can make offers.
To make offers, you will check the percentage that is being offered and the amount that is being asked for. You can then proceed to make your offer based on the information provided. If your offer is accepted, it will be submitted to the escrow smart contract. If the offer is rejected, the funds in the smart contract will revert back to you.