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OKExChain’s native OKT token to trade on OKEx with zero fees
Seychelles, Jan. 15, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce that OKT — the native token of the world's first open-source, high-performance trading chain, OKExChain — will soon be listed on OKEx. Spot trading of OKT against USDT, BTC and ETH will open at 8:00 am UTC on Jan. 18. All OKT trading pairs will have zero taker and maker trading fees for both regular and professional users for the first 30 days of trading.
OKExChain marks the next step in decentralized trading, allowing users to trade anything on-chain while retaining complete control over their assets. After three years of development, OKExChain offers a safe and efficient infrastructure for the creation of decentralized applications — and trading-focused services, in particular. Thanks to its low operational costs and fees, and an accessible user experience, OKExChain provides a large, highly optimized value-exchange ecosystem for the best trading performance.
As the native token powering the chain, OKT provides users with immediate utility and benefits, from voting rights and staking privileges to transaction fee payment for decentralized exchanges and other DeFi applications built on the network. Following a two-week initial minting period for OKT, in which 10 million tokens were created, the native token of OKExChain is now available for trading by all users on the OKEx platform — with zero fees for the first 30 days.
"We're extremely proud to have reached this milestone moment, bringing to market the first trading-focused decentralized public chain with high performance and low transaction fees. The initial minting period of the OKT token was an overriding success, and we are now looking forward to following its progress on the OKEx exchange as well as continuing to roll out the phased launch of OKExChain to include greater functionality, improved UX, and EVM compatibility," said OKEx CEO Jay Hao.
To celebrate the launch of the OKExChain mainnet and the listing of OKT on the OKEx platform, beyond the 30-day zero-fee period, OKEx will be distributing rewards to participants who trade OKT. During the promotion campaign, participants who register and trade OKT will have the chance of winning a Tesla Model Y, an iPhone 12 or a share of a 40,000 USDT prize pool.
"The OKT trading competition is our way of marking this new chapter for OKEx as well as giving back to our users. As always, we would be nothing without our loyal supporters, and we would like to extend our sincere thanks to all of those who take part in the trading competition as well as those who staked their OKB for the initial OKT minting," Jay Hao added.
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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