Octocoin is one of the veteran cryptocurrencies with a long history. It was launched initially in March 2014. Later the original developers left the project but then it was revived, and the software was improved. As of 2018 Octocoin is a part of the Octocoin Foundation. It is a group of volunteers with specific knowledge that has created a vision for the future together. This vision is transparent and free of transfer fees. Octocoin is a blockchain platform, using the peer-to-peer model of decentralization to provide an excellent payment network. It promotes this model as a real substitution to the central banks. With Octocoin, users can pay anywhere in the world. The Octocoin network is built to be safe, transparent, stable and private. The open source is open and whoever can review it and modify it and re-publish. It works under an MIT license.