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OKEx to List Avalanche and 2 More EOS DeFi Tokens Elected by User Voting
Malta, Sept. 22, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is listing Avalanche (AVAX) — previously known as AVA — which is the first smart contracts platform able to confirm transactions in less than one second that supports the entirety of the Ethereum development toolkit.
AVAX deposits opened at 8:00 am UTC on Sept. 22. Spot trading against USDT commenced at 8:30 am UTC, while trading pairs against BTC and ETH went live 30 minutes later at 9:00 am UTC. To celebrate the listing of AVAX, there will be zero transaction fees on all three trading pairs.
As well as the addition of AVAX to its burgeoning DeFi offer, OKEx will be listing two further EOS DeFi tokens upon the conclusion of a round of user voting. From 12:00 pm UTC on Sept. 21 to 12:00 pm UTC on Sept. 23, OKEx is holding a voting event to determine which EOS DeFi tokens to list next. The candidates for listing include DefiBox (BOX), DeFis Network (DFS), DMD (DMD), Organix (OGX), Newdex (NDX) and TokenPocket (TPT).
Users can vote for their favorite candidate by depositing tokens of the project they would like to see listed, either directly into their OKEx accounts or by generating a wallet address not connected with their OKEx account. At the end of the voting process, the tokens will be counted from both sources to select the winners, and the top two projects will be officially listed on OKEx.
"In order to optimize our listing standards and make OKEx a platform that truly reflects our users' will, we have decided to take user preferences into consideration even further," commented OKEx CEO Jay Hao, adding:
"We will never stop our quest of finding the highest quality projects with groundbreaking technology, like Avalanche, for our global users. With the characteristics of fast settlement, low latency, higher throughput, robust and efficient scalability, and tolerance to Byzantine attacks, Avalanche has truly redefined DeFi infrastructure."
Avalanche proposed a new type of blockchain consensus protocol — a major breakthrough and innovation of a formula consensus algorithm. This algorithm family integrates Byzantine fault-tolerance and proof-of-work, enabling distributed ledgers to ensure decentralization, high concurrency processing and fast confirmation of transactions while achieving historical record reduction and on-chain governance. As of now, the growing ecosystem built on Avalanche includes stablecoins, derivatives, lending, swaps and savings.
Alongside its support for DeFi, OKEx is also keeping the momentum high for other high-performing altcoins. Insight Protocol (INX), an information instigation platform based on blockchain, was also listed on OKEx on Sept. 22, with INX deposits opening at 7:00 am UTC. INX spot trading against USDT and BTC will go live at 10:00 am and 11:00 am UTC, respectively, on Sept. 23, and withdrawals will open at 2:00 am UTC on Sept. 24. OKEx is also planning to list the decentralized service ecosystem Anchor Neural World (ANW) on Sept. 24.
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.
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