Octopus is a cryptonetwork for launching and running Web3.0 application specific blockchains, aka appchains. By decreasing the capital expenditure to bootstrap an appchain by 100X, from several million dollars to less than one hundred thousand dollars, Octopus Network is committed to unleash a new wave of innovation for Web3.0. OCT is a fungible, non-inflationary utility token that is required for staking on different appchains to ensure their security economically. OCT is an NEP141 (NEAR Enhancement Proposals-141 which is equivalent to ERC-20 standard) token on NEAR protocol.