(OCTA) Is Octa.space The New Render ? Can It Compete? Don't Miss This Low Cap Gem!!

[Music] welcome to underground crypto we're here with another deep dive for you today we're going to be going over OCTA space if you watch my what's trending top Gainer top loser video quick little update that we put out earlier then you would know that this was trending on coin Gecko and so we wanted to take a look at it so here we are it is number 511 by market cap ticker OCTA it's sitting around $2 uh 99.3% up on the day looks like it went up as high as $210 in the last 24 hours market cap sitting at $ 63.1 n million almost 63.2 and Max Supply 48 million tokens coins whatever you want to call it and circulating Supply 31.5 million tokens coins whatever you want to call it so you can see that there is a differential

between the max Supply and the circulating Supply so naturally we want to know where those coins are and when they're coming out so that we don't get dumped on in this uh project but it's not a huge discrepancy so that's a good thing a lot of projects have a much bigger difference between the Circ calculating the max Supply but certainly something we want to take into consideration one thing that I did like is this uh contract address is a B&B smart chain contract address I'm a big fan of B&B although we don't really hear a lot about it because of the lawsuit and yada yada salana soaking up so much market share and having so much uh activity going on on their blockchain is really kind of put B&B in the shadows a little bit at least here in

America I know B&B is used a lot more in other parts of the world anyways we're going to be going over their website they down here Community you'll see Twitter telegram Discord medium we're going to be going over their Twitter as we always do and let's go right down to exchanges and see where could you get this coin if you were interested in it right off the bat Mexi Global one of the best um you probably should get a palow ID you know if you want to uh trade on Mexi Global now they've gone pretty much full kyc just going to throw that out there but I'm not a financial adviser and I wouldn't tell you what to do with your money if you need a financial advisor go get one I know they're out there somewhere I don't

have one maybe you can get one anyways got coinx which I'm familiar with a G jix no idea if that's how you say it but that's how I say it I'm familiar with those top three and then of course the best decentralized exchange on B&B network is going to be pancake swap super user friendly highly recommend that one if you're going to buy it on a decentralized exchange and hold it in something like metamask let's hop right over to their website and right off the bat you will see that this looks pretty techy Computing octad do space shaping the future of distributed computing so there's our narrative right there as we always say on the channel narrative narrative narrative what is the narrative distributed computing seems to be the narrative Services rendering octar render is a cuttingedge distributed rendering

platform leveraging our Global Network of nodes and packed with a plethora of features supporting multiple rendering it delivers Lightning Fast renders with Simplicity in mind and then it says octar render supports both GPU and CPU rendering so if you're not familiar with rendering or the project render not to be confused with that here but that is the same idea project render has done really well it is taking all the electronics um from the network I don't want to say in the world because you would have to be uh attached to their Network somehow but they're taking all the CPU and GPU power that's sitting around just not being used uh and pulling it all together for things like AI which uses a lot of that kind of uh Power of rendering and different things that they could pull from

versus building these giant factories to to produce all this new um rendering ability when there's a ton of it sitting around so it's a really nice model it's pretty interesting so it says native add-ons render on your own terms based on budget and needs and dynamic scale real time across hundreds of gpus uh empowering your Creative Vision with the next generation of rendering so is this going to be an upgrade or a better rendering service than say render which is a project I think most people would be familiar with if you've been in this crypto Market space um does that say Coca-Cola projects rendered for cocacola uh Destiny 2 so those are some interesting names as far as project uh partners and people that they um render for Coca-Cola that's a big name that could be quite a bit

of money coming into a market share so we want to take a mental note of that as if uh Coca-Cola is using them and they think they're a good product they're probably going to invest in them but I don't know that is speculation for sure and it says that it can do 177,000 Tas per second 500,000 plus frames and 12 uh 1,000 200 renders I'm assuming that's like a second and then they have a VPN as well I thought this was interesting when I skimmed through it real quick so it says setting up the VPN is easy is made easy with non-modified and open-source software available from multiple platforms enjoy the freedom to choose VPN Technologies that best suit your needs whether it is wire guard shadow shadow socks or open VPN multiple platform bespoke VPN app ranging from

browser extension to mobile application connect multiple devices simultaneously with no limiters Embrace a flexible payment model as you go based on the amount of data used build per gigabyte so it's not free doesn't seem to be free um it does look really interesting obviously everybody nowadays using a VPN I'm not happy with my VPN on my phone because they decided they want to start charging it was a great VPN but they kind of ruined it but I understand I'm sure they're paying for rendering service like they're paying for all kinds of different stuff as far as technology to run their VPN so they got to collect some money somewhere unless they're going to hit you with tons of advertisements which they already did but anyways moving on it says they have mobile it says you can download this from

the app store or the Google Play store so that tells me that they have a functioning product that is something I want to see when I'm looking at a project they have a functioning product that is a good sign versus other projects that come in promise you know everybody this great product that they're going to build soak up a bunch of money and then disappear without ever giving us anything and then they have the browser extensions for Chrome Firefox and Microsoft store which pretty cool then you have desktop uh wire guard pin VPN and Shadow socks I'm not familiar with any three of those so I don't know anything about that available locations right here doesn't look like you're able to scroll through them but what you would expect in a VPN hopefully they have more than that most

VPN have a lot more uh options than that so AI develops and trains models and launch AI application what are users say so they have some you know reviews here with these kind of reviews who knows they could write these themselves there's all kinds of bots and fake accounts so I'm not going to really bother to read those because I have no idea if they're real available resources octop space provides an extensive array of services giving users the flexibility to rent resources from a diverse network of nodes located worldwide these Services Encompass a wide spectrum of capabilities including but not limited to dis space from ml task AI tools image processing and the rendering scenes using blender among other others so here's some different things CPU GPU Ram dis those are their available resources probably a little bit techy

for some people but in the world of like meme coins and we've done quite a few meme coin reviews on the channel here lately it's nice to get something that actually has some tech behind it and maybe even a working product so Network octop space operates on its own layer one native evm ethereum vers virtual machine compatible blockchain this blockchain employs a dual chain system combining proof of work and proof of authority consensus mechanism so we know what proof of work is that's bitcoin's model um and ethereum was proof of work at one point and then this is interesting proof of authority consensus mechanism I get I I think I get what they're what they're implying there but I don't exactly know what that means so I'd be interested to see what that means to them and how they

actually implement it says they have 202 nodes hash rate is 14 you know 14,48 um eror is this BN p and they have quite a bit Stak here what is this looks like 11.6 million OCTA is staked and their block time on their layer one network is 11.63 second that's pretty good I do like to see that they have some faces down here we developer and the project manager they have their like it's probably LinkedIn I would imagine and this one has his Twitter but you got real pictures of real people hopefully at least it seems that way and hopefully they're docked and the project is above water and they're not promising that they're going to tell us who they are way later on so we'll come down here Partners pack project I don't really recognize any of their

partners and the exchanges Mexi coinx GX I re recognized though I don't really know what this coin Metro is or this safe trade seems like there's different exchanges coming up on a daily basis so it's kind of a race to see who is going to be you know the winner let's hop over to the road map wow that is really small that is going to be difficult to read let's try this out here so there's a lot going on in this road map and I really don't want to bore you guys to death so we'll just kind of read the uh uh you know the overview here so in the beginning they're going to be focusing on user experience updated website New Market Place and onramp nodes the on-ramp sounds pretty interesting but the rest of it seems pretty

standard for any launching layer one project um in the second phase they're going to be focusing on rendering so new rendering Solutions expanded support for rendering and their third phase is going to be the VPN iOS enhancement other tooling uh this is Phase 4 is going to be other tools Ai and ml storage application deployment and then in their fifth phase they're going to be working on marketing and growth so marketing blockchain ecosystem and investors all those are really interesting would like to see them implemented I do notice that there is not a a time period put to these things it just says one 2 3 4 usually we get like quarter one 2020 for you know Quarter Two that kind of thing on a on a road map so I don't see that so I don't know when

to really expect these different things but this is the idea of uh the process that they're trying to do I guess it's better than not having a road map as a lot of meme coins and things don't let's go ahead and hop over to their Twitter uh give them the smell check as we say we want to see how many followers they have 200 or yeah 22.9 th000 followers that's pretty good uh looks like they joined September 2022 who knows if they were actually using this profile at that time I don't know but we will give him a follow and follow me at at _ crypto because underground crypto was of course taken on Twitter Crypton _ ground crypto give me a follow up over there so that you can see you know important news from these different things

I go ahead and follow them I will repost anything that I think is repost Worthy you can catch that information without necessarily having to go follow every single Project's Twitter page maybe you don't want all that clutter in your feed on a daily basis so it's a good way to kind of get just the best information so pin post May 25th and it has 42,000 uh Impressions 489 likes 150 retweets and 34 comments and then let's see their most recent post July 7th which was yesterday looks pretty active 6,000 got a little video here rendering on OCTA space looks like they're going to be rendering for um some video games and stuff that's pretty interesting I did see Destiny 2 on there I'd like to know how much they're actually contributing to Destiny 2 that is a huge game

so I would be interested to see how much they're actually you know powering that project let's go down some more we got July 5th 5.1 th000 this is a neat looking video again looks like another video game and there's an announcement here cyber scope announcement audit cert certificate so they were audited and does it say who they were audited by I guess cyers scope is who they were audited by uh two 2.1 or 2.6 th000 Impressions there so they look pretty active I like these videos I like the artwork it looks pretty cool this is pretty high detail stuff right there so yeah usually at the end of these videos I give kind of a gut rating uh 1 through 10 kind of gut rating I like The Narrative of rendering render the project render not to be confused

with this OCTA space has done really well with that narrative has soaked up a lot of market cap and and seems to have a very necessary product in this you know today's world of AI this I can see getting that kind of boost it's on BNB so that makes me a little weary of it to be completely honest with you I would like to know why they chose B&B maybe because of the cheap transaction fees and user ability when it comes to the B&B blockchain um other than that I'm not really sure why they're on B&B all the hype seems to be on salana not going to lie this would probably get a higher rating with me if it was on the salon of blockchain just because that's where everything seems to be going on right now but uh

needless needless I'd probably give it I'm going to give it a seven because I think that the narrative is enough to carry it how many people are even going to Deep dive enough to know that it's a B&B chain not a lot of people do these deep Dives and that is I think in my opinion why a lot of people uh miss good opportunities and get into bad opportunities at the same time so yeah I'm going to give it a seven I think it has a lot of potential the missing points there between seven and 10 are just because um it's on the B&B blockchain and I don't think a lot of people are paying attention to that and it's a little bit techy it's not as sexy as some meme coins it doesn't have a ton of great

art and a huge Community around it that can hurt a project as well all right guys I hope you enjoyed this I hope that you learned what octop space was and learned a little bit more about how to deep dive a coin and what we are looking for when we're deep diving these coins crypto Ron out