OKEx Enhances Support for DeFi Growth With Its Secure Price Feed, OKEx Oracle
OKEx Jumpstart 13th token sale recorded 300% surge
OKEx (www.okex.com), the world’s largest cryptocurrency spot and derivatives exchange, listed NDN Link (NDN) today as its 13th OKEx Jumpstart token sale, followed by a 300% surge in spot market price to 0.018 USDT from IEO price of 0.006 USDT. NDN/USDT and NDN/USDK spot trading pairs are now live on OKEx.
Recently, InterPlanetary File System (IPFS), with its decentralized storage features, has well eliminated hidden dangers caused by centralized storage, such as server shutdown. However, the problems of low retrieval performance, slow address search speed, low download efficiency, and large download loss also restricted the development of IPFS. Based on Named Data Networking (NDN) protocol, NDN is committed to solving these pain points of IPFS.
Adopting SNAMP (Secure Namespace Mapping to scale NDN forwarding) to ensure the security of the namespace, and SIT (Satisfied Interest Table) routing to find the content in the same area of the network, NDN has increased IPFS data retrieval speed by more than 20 times in the laboratory environment.
“We are glad to witness the significant result. We believe such high-quality project will demonstrate its values to investors. NDN is a perfect case to show the complementarity between blockchain and traditional internet, as NDN has become one of the pillars of the next-generation internet infrastructure,” said Jay Hao, CEO of OKEx. “People often pay attention to the profitability of the project. However, it is also important to understand the practical purposes of the project. Thus, OKEx Jumpstart will continue to launch projects with both profitability and practicality.” “Listing on OKEx is a new beginning. NDN Link will be the accelerator of data retrieval which makes IPFS faster by 20 times. It combines NDN and blockchain technology for building a brand new Internet,” said Mark Nezvisky, CMO of NDN Link.
The world’s largest and most diverse cryptocurrency marketplace, OKEx is 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 great flexibility in formulating their strategies to maximize gains and mitigate risks.
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