On the evening of the 11th, OKEx, one of China’s largest exchanges, announced that its second platform currency, OKT, will be launched. OKT will be the token of OKexChain, and 100% of the genesis block will be shared with OKB holders, affected by this news, OKB rose by 6% in 24 hours, according to Wu Blockchain.
“The number one platform currency BNB (Binance) and the third platform currency HT (Huobi) both clearly stated that they will not issue a second platform currency. OKEx’s approach is somewhat different. The difference between OKT and OKB needs further follow-up Description.” Wu said.
What is OKexchain
OKExChain is a set of open-source blockchain projects developed by OKEx, aiming to promote the landing of large-scale commercial applications based on blockchain technology. It gives each participating node the same rights, allowing users to launch a variety of decentralized applications smoothly, issue their digital assets, create their own digital asset trading pairs, and trade freely. The cross-chain technology is the key to achieving the landing. Through the cross-chain module, the value interconnectivity, user interconnectivity, and scenario application interconnectivity of blockchain can be realized simply and efficiently, so that we can co-construct the ecosystem and the value-added system.
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