OCTO is a Counterparty asset with focus on decentralized website payments for Counterparty assets and Token Control Access Marketing. OCTO will create and fairly distribute a total of 88.8 million coins to be used for early access and testing of the OCTO projects. Distribution includes an alt coin burn, merged mining with FoldingCoin and a future crowd sale.

Although '888' was the ticker assigned at the deployment of the Octocoin token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'OCTOCOIN' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.