FAQs

About Octaplex Network and $PLX Token

What is Octaplex?

Octaplex is an ecosystem network and a frictionless yield token on Binance Smart Chain that is creating a crypto incubator like network of tokens while bringing brand new ideas to the popular yield concept; which are improving it and building a new template that will most likely be used in numerous projects after Octaplex paves the way with this new concept.

What is PLX token?

PLX is the token behind the Octaplex network.

How many tokens can I claim as rewards?

At present, holders can choose up to 6 separate tokens to earn from the rewards coin list for holding the PLX token. This can be any combination of tokens that are available within the Octaplex Networks crypto rewards app.

What is the Octaplex dApp?

The Octaplex crypto rewards app is a decentralized application (dApp) that was created to allow users the option to choose and claim their own individual crypto rewards from all of the offered tokens in the Octaplex ecosystem. Users are able to choose if they wish to use the auto-claim function or claim their rewards manually through the dApp.

What is frictionless yield?

A trading environment in which there are no costs or other restraints on transactions.

Besides waiting for costless auto payouts, users can also manually claim their rewards at any moment; which incurs a Smart Chain gas fee.

How do I claim token rewards?

Claiming rewards with Octaplex is easy, simply hold PLX tokens and rewards are automatically added to your chosen connected wallet.

How do I change my variable rewards percentage?

Adjusting the variable rate of new crypto coins is simple using the Octaplex crypto rewards app, simply log in and choose up to 6 tokens and the desired percentage amounts.

What is the maximum supply of PLX?

The maximum supply of PLX token is: 1,000,000 (one million).

What is an incubator?

Incubators are specially designed programs to help young startups innovate and grow. Octaplex Network aims to be a blockchain incubator.

What is Octaplex Networks vision?

We want Octaplex to become the biggest network across all blockchains – a symbiotic ecosystem or crypto incubator consisting of only high-quality projects.

Who are Octaplex Networks reward partners?

The Octaplex list of crypto rewards partners are the projects that Octaplex verifies and adds to the Octaplex network. There is a list of these projects here.

How do I earn rewards?

Holders of Octaplex Networks PLX token earn rewards automatically. These can be customized inside the Octaplex crypto rewards app.

What is interoperability?

The ability for computer systems or software to exchange and make use of information.

What is a BEP20 Token?

BEP20 is a developer-friendly token standard that allows anyone to deploy fungible digital currencies or tokens on Binance Smart Chain.

What is a smart contract?

A smart contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.

What are tokenomics?

The tokenomics are the economics of a crypto token, hard coded into the blockchain smart contract.