OKEx is a world-leading digital asset exchange which has its headquarters in Malta. In March 2019 it welcomed the first anniversary of OKB, OKEx official global utility token. Its official launch was on 22 March 2018 and it offers comprehensive digital assets trading services including token trading, futures trading, perpetual swap trading and index tracker to global traders with blockchain technology. OKB has been applied to OKEx’s global ecosystem, which includes Happy Friday, OKB Trading Market, Listing Vote, OKETT, OKNodes, Global Partners, Prime Investors, and Designated Merchants.
Andy Cheung, Head of Operations of OKEx, said: “We would take a sincere gratitude to thank all the 1 million OKB holder who contributed to the whopping 15.6 billion OKB trading volume in the past year. This marks an important milestone that OKB starts to blossom after setting up a concrete foundation. It is simple in OKEx, we strive to be a trendsetter and commit to building a robust blockchain ecosystem with traders. With such result, we feel stronger to continue driving the advancement of the blockchain and digital assets industry.”
The OKChain is at the final development stage and is expected to launch on a testnet in June 2019. When the OKChain becomes stable, OKB will be migrated from the ERC-20 network to the OKChain mainnet. One can vote for his favorite super node candidate and settle transaction fees on OKDEx.
Currently, there are 700 million OKB being locked up. 300 million of it will be given to OKEx users through the loyalty program and 400 million belongs to the OK Blockchain Foundation and the operations team. However, the release of the 700 million OKB will be delayed from 2020 to 2022.
The distribution amount of BTC will be used for buying back OKB, and then the OKB amount will be distributed to OKB holders. OKB will be the only token accepted on OK Jumpstart. Any projects launched on OK Jumpstart will be listed on their spot market, and those with outstanding performance will also stand a chance to be listed on their C2C and derivatives markets. OK Jumpstart is dedicated to helping potential startups. They value quality over quantity. They are already engaged in conversations with project teams around the world. Soon, they will announce the very first jumpstart project and open sale to OKEx users who meet thier KYC requirements and hold OKB.