Question 1

What is OCTA?

Accepted Answer

OCTA is the native coin of the OctaSpace native network, used for service payments and associated with mining and node staking rewards. It is not a service balance within a platform account: the balance created after users deposit assets to the platform can only purchase OctaSpace services, whereas on-chain OCTA is the native asset of the network.

Question 2

How is OCTA used and billed on the OctaSpace platform?

Accepted Answer

Before using services, users need to fund their OctaSpace account. The platform supports depositing OCTA via the OctaSpace network, as well as depositing wOCTA, USDT, or USDC on designated networks; USDT and USDC are converted into OCTA at the exchange-time rate and incur a 5% fee. The account balance after a deposit is non-refundable, non-convertible, and non-transferable service credit. Billing varies by service: rental services are calculated using the device base hourly rate, disk-capacity hourly rate, and traffic unit price; rendering services charge only the base hourly rate; and VPN is billed by traffic. The platform updates the balance approximately every minute and settles after a service is completed; if the balance becomes negative, active sessions are automatically terminated.

Question 3

What are OCTA's supply and issuance method?

Accepted Answer

OCTA has a maximum supply of 48,000,000 coins. New tokens are created through block rewards, and each issuance era adjusts the allocation of total block rewards among miners, the staking fund, and the development fund; this means that “maximum supply” does not mean all tokens were in circulation from the beginning. The official monetary policy lists a declining schedule beginning with 8 OCTA per block in the genesis era, with total rewards decreasing progressively in later eras. Mining issuance stops after reaching block 12,000,000 and the 48 million-coin cap. Therefore, supply should be understood by distinguishing the cap, new issuance produced through blocks, and each era's allocation among different uses.

Question 4

Does OCTA have a pre-mine or team pre-allocation?

Accepted Answer

According to the project's monetary policy description, OCTA had no pre-mine and no advance allocation to the team or other individuals or entities. Its stated fair launch means tokens are gradually distributed through mining and other network mechanisms, rather than being allocated before launch through presales or reserved quotas. This description only explains the initial distribution method and does not change the issuance shares reserved for the development fund and staking fund in later block rewards; the latter are allocations produced under the monetary policy as the network operates, rather than pre-allocations made before launch.

Question 5

How are node staking rewards earned and settled?

Accepted Answer

Holding OCTA alone does not earn node staking rewards. Operators must configure a separate wallet for each node and maintain collateral of at least 100,000 OCTA, and nodes must complete verification and meet reliability requirements; the system continuously checks node availability and wallet balances. If the balance of an activated node falls below 100,000 OCTA, that node-and-wallet combination is suspended for 30 days. Rewards are settled in 7-day cycles and depend on the number of activated staking nodes, the number of blocks produced during the cycle, node hardware, and services actually provided. Base rewards account for 60% of the example allocation; providing VPN, rental services, and rental services with GPUs may correspond to different additional shares. The requirements section on the official page states at least 90% reliability over the past 30 days, while the operating instructions on the same page state that nodes below 95% over the past 30 days receive no rewards, so operators must pay attention to the higher operating standard listed on the page.

Question 6

What network mechanism does OCTA use?

Accepted Answer

The OctaSpace native network uses the Ethash (Dagger-Hashimoto) proof-of-work mechanism. Miners compete computationally to create blocks, and block rewards are then allocated to miners, the staking fund, and the development fund under the applicable monetary policy; therefore, PoW is responsible for block creation, while node staking rewards come from the staking-fund portion of that issuance arrangement, and they are not the same form of participation. Official specifications list a mainnet block time of 15 seconds and OCTA precision of 18 decimal places. Block time affects the theoretical number of blocks produced per unit of time and therefore affects block-based reward estimates; the actual number of blocks produced may still differ from the theoretical value.

Question 7

How are the platform fee and on-chain transaction fee in service payments distinguished?

Accepted Answer

The platform charges a 7% platform fee from user payments, while the remaining 93% is allocated to node providers; when forwarding the platform fee and node-provider payments, users also bear a transaction fee of 0.00021 OCTA. This transaction fee is a different component from fees for rental, rendering, or VPN services themselves, which are calculated by usage.

Question 8

What is the difference between OCTA and wOCTA?

Accepted Answer

OCTA's native chain should be distinguished from its wrapped version. Official specifications list wOCTA as available on Ethereum and Binance Smart Chain; the wrapped asset is used on these external networks, whereas OCTA is the coin of the OctaSpace native network. When using them, transfer, deposit, or service-support conditions should be determined by the network and asset version involved.

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