Aug 4, 2021
Moving forward — What will be next for OCTION after launch?
As we approach the last vestiges of Q3 2021, the OCTION Platform is finally looking at near completion with only the list of bugs to clear and the Settlement Fee Pool left to complete. However, there is a huge question on everyone’s minds — what is next for OCTION’s tech development roadmap? To illuminate this for everyone, we decided create an infographic which will better present the information in a coherent manner. The first roadmap can be found below:
The parts in blue of the roadmap are parts which are completed or pending completion while the parts in red is what will come next in the next phase of product development for OCTION’s Decentralized Options Trading Platform (DOTP). To summarize, the DOTP’s next phase of development would take aim at duplicating the platform across multiple chains. These chains include Polygon, Cardano, Solana, etc. The important thing to note however, is that while this serves as horizontal expansions for the platform, the platform is also expected to expand vertically, offering more asset types and asset ranges as the days go by. All of this leads us to believe that the platform would come into greater demand and be used by the average retail user/trader.
Besides the DOTP, there is another product which will be developed in tandem to the DOTP and it’s roadmap is seen below:
Product 2 is the OctiSwap and this is expected to be a secondary product as compared to the main DOTP product. The roadmap for OctiSwap looks very similar to the existing swaps in the crypto ecosystem now and is expected to perform similar functions. What differentiates it however, would be it’s ability to refer users over to the DOTP and vice versa. In other words, the 2 products do not exist by themselves.
With the release of this roadmap, supporters of OCTION can expect vast improvements to the product as the version which they see on Binance Smart Chain now is a very basic version, with future versions expected to be greatly improved in terms of price feed, formula/algorithm calculation and trade execution speed.
For those of you who have stuck by the team since the beginning, we offer you our heartfelt thanks and our best efforts to make this project a grand success.
Thank You
As always, THANK YOU for your continued support, and stay tuned for more exciting news on OCTION!
- The OCTION Team
About OCTION
OCTION is the world’s 1st CeDeFi Options Trading Platform built on the Binance Smart Chain. Users will be able to trade options through CeDeFi, with no middlemen, no centralized organization, lower fees, more option types and zero data or market manipulation. OCTION allows for options trading through a democratic framework on the Blockchain, specifically the Binance Smart Chain.
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