Project Rundown Interview with Octaplex

Sponsored • September 22, 2021
Project Rundown Interview with Octaplex

Tell us about Octaplex and the concept behind it?

Octaplex Network was created from a striving to change the defi space and its nature into a more safe, cooperative and unified space than it currently is.

We wish to enhance this space by implementing our ideas and pioneering by bringing our part of the puzzle into the decentralized finance space and thus paving the way for its evolution.

The concept of our project is spread into different aspects including our vision, tokenomics, yield rewarding and networking aspects. They all provide different but significant values to the project to create a fully functional network which serves for the benefit of all.

The Ethereum blockchain is home for most Defi projects. Why did Octaplex choose to go with BSC?

We want to enable all investors to contribute to the project if they wish, as Ethereum gas fees are very often out of the reach of an average retail investor. Binance Smart Chain was our blockchain of choice due to several reasons, such as

Utilizing the low transaction costs, large community base, and ease of use were one of the main factors pushing us forward to start our projects on this network.

What are the core features already in the ecosystem?

There are plenty of features already developed and implemented into the ecosystem. Among them is our Decentralized app which enables it’s users to receive multi-token rewards in tokens of each user’s choice. Each user can utilize this yield system to receive up to 6 different tokens in % ratios of their choice out of a constantly expanding portfolio of tokens to choose from.

Our contract has numerous mechanics to ensure the best possible foundation for building the project further. These mechanics include a lottery which is included into every buy or transfer transaction, along with an airdrop system making the investing experience open to positive surprises as well. The contract has an anti-whale system implemented and very unique tokenomics which aim to ensure the optimal balance between a stable liquidity pool and solid rewards for all investors. There is also a buy-back and burn function which stabilizes the price and brings a deflationary aspect into the supply of our $PLX token.

One of the features that is currently in development and we hope to see developed soon is our network’s swap exchange “PlexSwap”. It will be a safe exchange featuring the projects included into our network and a few more features which are to be revealed in time.

There is much more in development and is to be revealed to our community as the roadmap and expansion progresses.

You mention that the ecosystem is continuously growing? What are some of the features you plan to introduce?

There is a lot we plan to introduce and our ideas are constantly evolving by acquiring new partnerships and observing the good and not so good points of our existing ideas.

The team is aiming to deliver in the most efficient way we are able to, and take a steady but sure approach into developing our goals.

We plan to introduce several new features to the ecosystem — a wallet that will be connected to our ecosystem and the dapp for an easier user experience. Our safe swap is currently finishing it’s development and will get revealed to the public in no time. There is also a very important aspect of the network, or better to say a materialization of our vision — an online space for the community and network’s projects where everyone will be able to participate and receive benefits from the network. It will be a community social space that brings lots of features with itself, but all of it will be revealed slowly to our community as the development and our new whitepaper is released.


How will you choose the partners to bring on board for this novel project?

We are very fond of ambitious and communicative partners. Teams which share the same vision as ours in terms of upleveling the defi space into a more connected and safe space for everyone. Usually our path to arranging new partnerships includes a partner meeting on Zoom so that we might connect better and see who we are working with. Utility or a strong idea are also always a welcome part of any project who might want to partner up with us.

Let’s get into tokenomics. Tell us more about the $PLX token and its role in the ecosystem?

$PLX is our native token and is currently the central point of our rewards system. It enables users to enter the rewards, airdrops and lottery systems simply by acquiring any amount of the tokens. Airdrops are an exception as they require a holding of at least 10 $PLX, the rest has no holding amount requirements.. As the development progresses we will delegate new utilities to our native token through the platforms and functionalities of the ecosystem.

What measures do you have in place to ensure the token’s sustainability and longevity?

We see the team’s cooperation, constant development and motivation to develop as the strongest factor to ensure stability and longevity. We trust that a well coordinated, strong and determined team is what makes the difference between well-standing and dying projects. We are determined to keep the project alive and thriving through constant development and creation of new ideas as well as expansion through new partnerships.

These are all ways through which we will keep the ecosystem ever-expanding while also listening to our community requests and implementing the good ones.

Along with the team’s strivings, stability and longevity are backed by a well-thought tokenomics system and contract mechanics created exactly for these purposes.

Give us more details about the other tokens and the multiple token reward system?

Our reward system is a unique and novelty upgrade to the past yield system implemented by numerous projects. We are furthering the evolution of this concept by introducing a multiple token rewards system that users can choose from. Each user can choose up to 6 different tokens to receive their rewards in, out of a larger portfolio of tokens to choose from.

Along with unique token choices, users can also manually decide on their ratios.

All of this is conducted through our decentralized app (dApp) where one can connect their wallet and directly interact with our contract through it.

Could you outline some of the benefits of the multiple reward system to users?

One of the biggest benefits is the freedom that is given to any user to choose their own preferences and also change them at any time. The entrance to all of the rewards ecosystem and the dapp is given simply through the $PLX token which is the point which enables a user to receive any rewards they prefer from the given portfolio. Another benefit is the safety of our community’s investments, as we do not just add any random token to our ecosystem, but instead they are added after a careful evaluation of the project and meeting the team so we might bring a clear minded decision on partnering up.

What does Octaplex’s roadmap look like? What are some of the ventures you are looking into in the upcoming months?

Our current venture, which is being finished at the moment of writing, is the PlexSwap safe decentralized exchange. It will be an exchange which utilizes the already existent liquidity pools from Pancakeswap, so no need to fill another liquidity pool, for the projects from our partners. We aim to create an ecosystem’s exchange in order to present the network’s investors with the opportunity to have a safe and relaxing exchange experience. Either by having a variety of safe projects to invest in, or by having a rug-free experience as only the projects included in the network will be on the exchange.

Another important development venture we are working on is the online space for our network, where our community, projects and companies/influencers will be able to connect into a tangible network of sharing, assistance and growth. We can see this development task as one that will help provide projects who share our vision an easier experience in achieving their goals and upgrading this space with us and all who wish to join. It is, in our vision, one of the missing parts which will help defi and it’s participants achieve greater success and grow together

How about the team? Tell us a bit more about the brains behind the Octaplex network.

The OCtaplex Network core team consists of 5 people from Europe. We have different skill sets which fulfill all the necessary requirements to develop each aspect of the network successfully. The members of our core team have a mixed experience in the crypto space, ranging from 10+ year veterans to developers which have recently spotted the opportunities in the crypto space. Our team is connected by mutual goals to positively change this space and guide it’s evolution by developing our project and connecting to like minded individuals and teams. Besides the core team, our team consists of a moderator team as well. We have 10 more people in the moderator team, including content creators, community experts, graphic designers and social media moderators.

Where would crypto enthusiasts find more information about the project?

Our media and social network channels will provide a great introduction to any part and aspect of the Octaplex Network. For people favouring video content; there are numerous videos on youtube explaining our project. For the reader kind I would suggest venturing into the depths of our project through our media channels https://medium.com/@OctaplexNetwork and our website https://octaplex.io/ which should provide all other relevant links to our social media channels including twitter, reddit and more. For interested people who have further questions or want a more personal experience with our team and the community; they can find us in our official telegram group and we will gladly welcome them, along with answering any kind requests.

As we wrap up? What is Octaplex’s vision? What are you trying to achieve with the ecosystem?

In short — Octaplex is a vision of a safe space connecting multiple projects, communities and individuals into an online network of sharing and growth. We are striving to guide defi into its further evolution built on better foundations and with a more positive focus. Our vision and ideas for the future are backed by our unique yield rewarding system, connecting multiple projects into an inclusive ecosystem which benefits everyone included.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  
By Press Release April 17, 2025
The launch of Echo Exchange introduces not just a new trading venue but a broader architecture for digital asset management. The project combines yield generation, community governance, and structured custody into a unified ecosystem.  As part of this infrastructure, Echo brings forward a solution designed to address one of the industry’s most persistent challenges: asset security in uncertain jurisdictions. Echo is backed by its legal designation as a Virtual Asset Service Provider under the Isle of Man’s regulatory regime. The ecosystem integrates a Protected Cell Company (PCC) structure called Echo Elite. This is an optional but pivotal component for users seeking structured digital asset custody tied to enforceable legal protections. What Echo Is Announcing As of May 2025, the Echo Exchange will be live. This launch will include: EchoX, a centralized exchange focused on accessibility and onboarding Echo’s real-yield model, distributing platform fees to token holders in USDC The initial release of Echo Elite, a PCC-based framework for asset custody The public sale of the ECHO Token, the ecosystem’s native governance and yield-bearing asset While many exchanges emphasize front-end interfaces or token incentives, the Echo’s strategy is different. The announcement centers on the full-stack design of its ecosystem - particularly how legal infrastructure underpins user protections. Introducing Echo Elite: Structured Custody Echo Elite is Echo’s most compliance-centric module. It introduces Protected Cell structures, a mechanism traditionally used in finance to isolate client assets legally and operationally. Within the Echo ecosystem, user accounts can opt into a custody model that offers greater legal clarity and jurisdictional insulation. PCCs enable the separation of Echo’s own operating capital from user funds. This becomes increasingly important as tokenized asset classes enter the platform’s offerings in later phases. This also applies to real-world asset (RWA) representations like stocks or real estate. The approach reflects a broader theme: Echo’s attempt to bridge blockchain functionality with traditional financial safeguards. Real Yield and Exchange Fee Sharing Security is only one part of Echo’s user-facing model. The ECHO Token acts as the backbone of a real-yield mechanism, wherein: 50% of all trading fees from both EchoX and Echo Pro are distributed daily to token holders in USDC. 10% of platform revenue on a daily basis will be used for buying and burning ECHO tokens. The strategy aims to gradually decrease circulating supply. This model will be non-inflationary. There will be no staking rewards of synthetics or emission of tokens. Yield will be linked straight to the platform's actual usage. This feature will make the yield more predictable and sustainable than most incentive designs in the digital asset ecosystem. Participation is simple: users activate yield by transferring tokens into a dedicated savings account inside their Echo dashboard. Funds remain liquid and accessible. The Token Structure Echo’s tokenomics are deliberately conservative. Key figures include: Total supply: 1 billion ECHO Burn target: 500 million (deflation ends at this point) Public sale allocation: 2% Community Foundation: 30% (non-transferable and permanently locked) Team allocation: 20% (long vesting schedule) Liquidity allocation: 15% Remaining tokens divided across marketing, seed investors, and gamified whitelist initiatives Importantly, the Community Foundation - which holds the largest share - operates under a binding legal obligation to never sell its tokens. Rather, it only exists on yield, which gets invested in governance-sanctioned ecologics like education, collaborations, and product development. The design intends to discourage speculation as a first point. Also, it aims to encourage long-term alignment between platform success and the fate of the token holders. A Platform Built for Traders Echo’s design consists of two interfaces: EchoX, a consumer-friendly exchange, focuses on simplicity, pair trading using stablecoins, and seamless execution. It addresses first-time users and inexperienced traders not interested in complicated trading schemes. Echo Pro, launching in Phase 2 (Q3 2025), provides advanced features for trading: charting tools, stop-loss, leverage, and API connectivity for institutional and power users. Both sites, in spite of their varying user interfaces and user bases, share a common Scala-based matching platform. This tech is optimized for concurrency, throughput, and speed. They also share backend infrastructure written in Go, with front-end deployment via Next.js for a responsive and consistent user experience. The Technology Behind the Custody Security isn’t limited to user-facing features. Echo’s wallet architecture employs: Multi-Party Computation (MPC): for distributing key control among several parties Tiered wallet models: hot, warm, and cold storage Hardware wallet compatibility Biometric access and passkey authentication AML/KYC procedures are managed by Amazon Cognito, which simplifies user identity verification. The goal is to maintain high compliance standards without degrading onboarding speed. In fact, the latter is a known bottleneck in exchanges that rely on manual reviews. Together, these systems support Echo’s goal of creating an ecosystem where users can interact securely without compromising on usability. Governance and Jurisdiction Governance within Echo relies on both ownership of the tokens and clear jurisdictions. Token holders are able to: Voting on how funds are spent in the Community Foundation. Develop and rank new product features. Approve partnerships and listings of tokens through a formal proposal procedure. But what distinguishes Echo from other projects is that it relies on legal entities to enforce these institutions. It doesn't utilize symbolic DAOs for governance or soft consensus. Rather, decisions, particularly those regarding funding of the ecosystem, are carried out by a foundation. This entity possesses a well-defined charter and binding fiduciary responsibilities. The approach emphasizes establishing trust with those who are not willing to engage with DAO-based systems that lack enforceability. Echo’s Roadmap Rollout for Echo is phased deliberately to maintain product stability: Phase 1 (May 2025): During this phase, there will be the EchoX launch, the ECHO token ICO, and the soft launch of Echo Elite. Phase 2 (Q3, 2025): Following this, there will be efforts to accomplish the full Echo Pro launch. We must include mention of trading bot implementation, community governance platform, and IEO launch. Phase 3 (2026): Derivatives trading, social trading, inclusion of real-world assets, tokenized mutual products, and securities Phase 4 (2027): Full RWA brokerage capabilities, integrated neobank products, and payment rails. All the phases leverage the preceding one by adding platform sophistication. Bottom Line Echo’s product lineup combines high-frequency trading, user real yield, and solutions that take jurisdictions into account. Echo sees itself as a platform where economic incentives and legal architecture converge. With its rollout, Echo joins a small group of initiatives that are geared towards developing new tools for trading. The team is focused on reconsidering the function of regulation and structure in crypto asset custodianship. The project’s official website is a good source of information to learn more about Echo and its growing ecosystem. You can follow the team on the social media pages if you wish to follow Echo’s development: X (Twitter) | Telegram | Discord .
By Press Release April 15, 2025
Echo , a groundbreaking centralized cryptocurrency exchange, has announced that it will officially launch globally on May 15, 2025. The much-expected event is set to be a pivotal occasion for digital asset trading as Echo aims to establish a new industry standard. The community-centric platform promises a seamless user experience, institutional-grade security, and an ecosystem-driven approach.  On the same date of the launch, Echo will conduct a public sale of its native ECHO token, with 2% of the total token supply available exclusively through the platform. The proceeds should boost the project’s development following successful early funding rounds that already secured $2.5 million in support from strategic investors. Echo stands out from other centralized crypto exchanges through its ecosystem-focused model. More precisely, it is designed to thrive on users' participation, who, in turn, benefit directly from the platform's growth and activity. The exchange proposes a transparent and intuitive environment for retail and professional traders to navigate safely and efficiently. Sam Dorrer, Chief Executive Officer at Echo, commented on Echo’s community-driven approach: "Our mission is to create a cryptocurrency exchange that truly prioritizes its users. Echo is designed to be more than just a trading platform—it’s a dynamic ecosystem that fosters long-term engagement and participation." Built for Traders by Traders The rapidly evolving digital asset landscape may seem daunting to newcomers. That’s why Echo provides easy navigation features, deep liquidity, and high-speed trade execution to simplify crypto trading for its growing community. Echo does not set entry barriers and accommodates traders of all skills and experience. Beginners can start on EchoX, the platform’s user-friendly centralized exchange. Thanks to the platform's intuitive interface, they can enjoy a smooth initiation to crypto trading. Meanwhile, institutional and seasoned investors can access Echo Pro and its advanced trading tools. The platform's modular design provides real-time analytics, market insights, and strategies to help traders make better-informed decisions. Lastly, Echo charges minimal fees of only 0.1% per transaction, ensuring all casual or high-frequency traders benefit from a competitive fee structure. The ECHO Token The ECHO token is a foundational element of Echo's unique ecosystem. It is designed as a real-yield token on Ethereum and features robust tokenomics, including a fixed total supply of 1 billion tokens. The platform employs a deflationary mechanism for the ECHO token, allocating 10% of the daily revenue from both EchoX and Echo Pro to repurchasing tokens on the open market. It then “burns” the repurchased tokens from circulation to enhance scarcity and potentially ECHO’s value in the long term. ECHO token holders enjoy fee discounts, premium trading tools, and early access to new services. Moreover, they get governance rights. Therefore, they can participate in platform decision-making, such as fund allocation for the Echo Foundation. The latter will be a pool dedicated to funding growth, strategic partnerships, and other governance initiatives. Echo has allocated 2% of the total ECHO token supply for the public sale taking place on May 15, 2025. This controlled release should create scarcity and support upward price momentum while meeting public demand without diluting the token’s overall value. Revenue and Yield Generation Echo Exchange stays true to its community-focused mission by returning some trading fees to ECHO token holders. The platform distributes 50% of the fees generated from EchoX and Echo Pro as stablecoin (USDC) yields. This feature is a fundamental part of the Echo ecosystem, aligning fee generation with user rewards and ensuring the Echo community grows and thrives together with the platform. Security and Compliance Echo employs the industry’s highest security standards, including multi-layered encryption, biometric authentication, robust KYC/AML checks, and institutional-grade wallet infrastructure. These features guarantee maximum protection for Echo users and their assets. Echo operates as a designated business for convertible virtual currency under the Regulatory Framework of the Isle of Man Financial Services Authority. This status enables the platform to provide tax advantages to its EchoElite Traders under the Isle of Man PCC Structure, which means 0% capital gains tax and 0% corporate tax for crypto investments. EchoElite Traders get to keep more of their gains, accelerating the ability to compound their portfolio. The Echo Roadmap The Echo Exchange is set to follow a 3-phase development path plus a series of future integrations: Phase 1 The Launch of EchoX for basic trading and Echo Elite, with the latter providing asset custody under The Isle of Man’s PCC (Protected Cell Companies) structure. The ECHO token public sale takes place on May 15, 2025, simultaneously with the Echo exchange launch. Echo will also launch the Echo Journal to start building helpful content for its community. Phase 2 The introduction of Echo Pro for advanced trading with cutting-edge tools, such as enhanced liquidity and professional-grade functionalities. This phase will also see the expansion of yield generation models, the integration of trading bots, and additional digital asset services. Phase 3 Echo will expand into Real World Assets (RWAs) trading, leveraging tokenization to unlock traditional asset classes. At this stage, the platform will reach full integration of advanced protocols (e.g., peer-to-contract) to enhance collateralized borrowing and lending capabilities. Other planned features and integrations include: Neobank Rails will enable seamless fiat-to-token conversions with integrated banking services. Fractionalized Assets & Multi-Class Asset Choices, such as tokenizing commodities, stocks, and real estate. Collateralized and decentralized lending and borrowing capabilities through the platform’s peer-to-contract protocol. Offshore & Digitized Trust Structures will expand custody solutions via the Echo Elite framework. An Integrated Launchpad supports onboarding promising new projects to further diversify and strengthen the Echo ecosystem. About Echo Echo operates as a Virtual Asset Service Provider (VASP) for custody and exchange under the Regulatory Framework of the Isle of Man Financial Services Authority. The platform aims to reshape the crypto trading landscape through a user-driven digital asset ecosystem. Echo’s long-term goal is to establish itself as a leader in digital asset management at the intersection of traditional finance and the emerging blockchain-based economy. Echo aims to deliver a community-first trading experience that includes traders of all levels. The platform seeks to empower its members through a robust fee-sharing model, advanced financial tools, daily rewards for token holders, and maximum security for their assets. The ECHO token public sale will occur on May 15, 2025, exclusively on Echo's official platform. The organizers urge interested participants to register in advance via the Echo’s website . Since the sale follows the “first-come, first-served” rule, early registration allows investors to purchase ECHO tokens before they sell out. Those who miss out may have to resort to secondary markets, where prices will vary. For ongoing updates and community engagement, follow Echo on X (formerly Twitter) , Discord , and Telegram .
By Press Release April 10, 2025
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By Press Release April 10, 2025
AW8 , one of the leading online casinos in Singapore, proudly announces the launch of AW8 Pro — its most significant platform upgrade to date. This milestone marks a new era of gaming excellence, offering an expanded game library, enhanced rewards, and a seamless user experience. Since its founding in 2019, AW8 has rapidly grown to over 300,000 active players by 2025, solidifying its position as a leader in the online gaming industry. Exceed 1,000 New Games  AW8 Pro has a comprehensive suite of new features that will delight loyal AW8 players and new users. The upgrade includes over 1,000 new games, expanding the already rich selection of slots and live casino games at AW8. Moreover, it includes games from trending and high-quality providers, thus enhancing the overall gaming experience. Enhance Game’s RTP Another essential upgrade is the enhanced game RTP (Return to Player) rates, now as high as 99.8%. This improvement offers players significantly better winning odds while reinforcing AW8’s commitment to transparency, fairness, and a secure gaming environment for all users. Increase Daily Rebate In addition, AW8 Pro introduces an upgraded daily rebate system, offering players up to 3% rebate automatically credited to their accounts. This enhanced feature is designed to reward players consistently, regardless of the game outcome. By putting value back into the hands of its users, AW8 reinforces its player-first approach—ensuring that every bet, win or lose, contributes to even greater long-term rewards. Upgrade VIP Program AW8 is renowned for its extensive care and appreciation of loyal users. It is an integral part of the latest AW8 Pro update through an enhanced VIP Program. More precisely, the VIP Program has been extended to include 12 levels with numerous incremental perks for those climbing the VIP ladder. For instance, the platform rewards players with an exclusive VIP Upgrade Bonus of up to SGD 5,888. Furthermore, AW8 has lowered the thresholds to enable easier access to VIP benefits. New UI/UX An improved UI/UX gives AW8 a sleek, modern design for smoother gameplay that is designed to elevate the overall user experience. The AW8 Pro upgrade also delivers faster, more intuitive navigation that will help new users find their way across the platform without any hassle. Additionally, the enhanced transaction system offers faster, more secure deposits and withdrawals, ensuring a streamlined and hassle-free gaming experience from start to finish. Overall, the AW8 Pro upgrade provides an enhanced user experience with more rewards and entertainment for new and seasoned AW8 users. The platform now ensures smoother gameplay across all devices. Users can easily switch between desktop and mobile without missing any fun. The upgrade also makes it easier for loyal members to progress and earn, thanks to the lower thresholds in the VIP program. About AW8 AW8 is a modern, all-inclusive online gaming and betting center based in Singapore. The platform has a rapidly growing user base that is attracted by the casino's player-centric approach, large selection of games, and enticing VIP program. AW8 Pro is the casino's most recent and significant update, aiming to set a new standard in the online gaming industry. The upgrades reflect the platform's inclusive mission by catering to seasoned players and newcomers. The update has improved all aspects of the AW8 casino, building towards a uniquely rewarding gaming experience. AW8 Pro is now live for anyone ready to experience the future of online casinos in Singapore.
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