OKEx Launches Tiered Maintenance Margin Ratio System for Spot Margin Trading
The OKB Ecosystem Continues to Expand
5 More Partners & 1 New Fiat-to-Crypto Gateway
The latest OKB Ecosystem Report for Nov-Dec 2019 was released on Jan 6, 2020. According to the report, the OKB team has introduced five use case partners and one new fiat-to-crypto trading gateway to the OKB ecosystem. Apart from that, several community events and the 6th OKB buy-back and burn were successfully held.
In December, OKB was listed on Indodax, the largest cryptocurrencies exchange in Indonesia with around 2 million users, opening up a new fiat-to-crypto gateway to OKB holders to trade OKB with Indonesian Rupee directly. The data on Indodax showed that, within 24 hours of listing, the trading volume of OKB was already twice as much as that of BNB.
As for new use cases, OKB has also made notable progress. In December 2019, OKB has formed new partnerships with five businesses for various scenarios, covering blockchain wallet, social platform, payment, e-contracts, and C2C trading.
Users now are able to use OKB to purchase e-contract services on FirmaChain, wallet services on Dapp Pocket, to pay for services and send red packets on the blockchain-driven social network BiYong. Besides, the international C2C business platform Cercle now allows its users to pay for offline services with OKB. Another leading cryptocurrency payment technology provider Alchemy has also enabled its users to pay with OKB in real life via their hybrid fiat and crypto payment systems globally.
Thanks to the achievements above, OKB currently has established a total of 30 application partnerships and is now growing into a global token with extensive use cases.
In addition to that, OKB was also bought back and burnt for the sixth time, further offsetting its inflation and consolidating its value. Official data shows that 5,945,273.91 OKB was bought-back and burnt in December. Since May 4, 2019, the OKB buy-back and burn program has already burnt a total of 13,978,364.45 OKB, which counts 4.7% of the total circulation (300,000,000 OKB).
Various events have won numerous loyal users for OKB. The report also shows that, OKB has acquired millions of community users worldwide. Three community events were held both online and offline last month. In the celebration of OKB entering the Indonesia market, 4,000 OKB bonus were given away to the community.
The year-round promotion of OKB has resulted in an impressive performance in the secondary market. According to AMBCropto, OKB achieved the highest ROI of 386% in 2019 among all exchange tokens, making it one of the most expected exchange tokens to look at in the coming year.
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 involves 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.
Email: [email protected]