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OKEx Holds Special User Voting Event for Listing of Popular NFT Tokens

2020.09.30 OKEx Public Relations

Malta, Sept. 30, 2020 OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has kickstarted a special voting event for six popular NFT tokens. Between 2:00 am UTC on Sept. 30 and 2:00 am UTC on Oct. 8, users will be able to vote for their favorite projects by depositing tokens to their OKEx accounts or generating wallet addresses. Based on the rankings at the end of the period, the top two projects from Aavegotchi (GHST), Meme (MEME), Rarible (RARI), Whale (WHALE), Dego Finance (DEGO) and Bonk Token (BONK) will be listed for users to trade on OKEx.

Decentralized finance has been on the lips of every participant in the cryptocurrency space throughout 2020. Yet, while this industry has seen explosive growth and impressive development, with near $11 billion of locked value in its various protocols, the nonfungible tokens space has also seen a major uptick in demand this year. 

NFTs first became popularized in 2017, when CryptoKitties proved there was high demand for digital collectibles, with the most expensive feline selling for $170,000 the next year. Since then, digitally unique or provably scarce tokens — which are irreplicable and, like their traditional counterparts, cannot be damaged over time — are proving their use throughout many verticals, from the sports and gaming industries to fine art and even DeFi. Over the last seven days, almost $3 million worth of volume has been traded through the NFT market, with the digital pet community AXIE leading the charge. 

Increasingly innovative projects are entering the NFT space, creating value for their communities in unique and engaging ways. Meme, for example, is an experimental protocol that blends many of the most exciting innovations in DeFi with crypto collectibles. Whale is a social cryptocurrency whose valuation is supported by high-value NFT assets, and Aavegotchi's GHST allows its holders to participate in its DAO governance while also being able to purchase Aavegotchi portals and wearables. 

OKEx CEO Jay Hao commented: 

"We're thrilled to support another burgeoning sector in the blockchain space. It's incredible to see so much innovation and creativity, with projects pushing the boundaries of what can be done with this technology. At OKEx, we're always listening to our users, and it's a very important factor for us when deciding which assets to list. That's why we're especially pleased to give them a voice and allow them to choose the hottest new NFT tokens that they want to see on our platform through this special voting round."

Continue with DeFi economy with five more tokens listing

In addition to these upcoming listings, OKEx is maintaining momentum for its support of the DeFi economy as well as other high-quality projects tackling some of the industry's biggest issues, such as scalability and interoperability, by listing five more tokens for its global user base this week. Solana (SOL), Elrond Gold (EGLD), 8X8 Protocol (EXE), S.Finance (SFG) and Near IOU (NEAR) are now all available for spot trading on the leading platform.

Jay added: 

"Together with the help of our users and by collaborating with up-and-coming projects in the space, we can help grow our global exchange and the blockchain industry at large. These are exciting times to live in, and we feel privileged to be part of a space that's actively shaping the future."

END

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact

Vivien Choi
Email: [email protected]
Telegram: @vivienchoi

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Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.


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