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OKChain and OKDEX Are in the Pipeline, Said OKEx CEO During the AMA Session

On 12 November 2019, OKEx CEO Jay Hao hosted an “Ask-Me-Anything else” consultation at the English Telegram team with the subject surrounding the OKEx ecosystem, which adopted the former one discussing the newly introduced USDT futures. This newsletter items one of the vital highlights of the AMA consultation.

1. OKEx record standards is apparent and clear

In regards to the challenge record, Jay defined that OKEx has strict necessities, and the record/delisting pointers are transparent and clear. Actually high quality tasks are those OKEx wish to pick out up for his or her customers, and the cryptocurrency trade additionally takes some measures, such because the improve in their Jumpstart regulations, to relieve marketplace speculations and manipulations.

2. Customers and safety are 2d to not anything

Jay Hao highlighted within the AMA consultation, “Customers and safety are 2d to not anything, and it’s in regards to the safety of budget, buying and selling, information and privateness.” In keeping with the AMA, OKEx has recovered over 400 million US bucks for his or her customers, and the cryptocurrency trade has additionally divided the belongings between multisig chilly wallets with round 500BTC each and every in order that the chance may well be higher controlled and regulated. As discussed via Jay Hao, there was no safety factor on OKEx.

three. OKChain is to be introduced, OKDex would be the first DApp

OKChain, the self-built blockchain infrastructure via OKEx, is on the ultimate level of trying out. It’s anticipated to assist the unbanked via offering them fundamental monetary products and services. The decentralized trade, OKDex, would be the first DApp introduced in this blockchain infrastructure. Additionally, OKB, the local token circulating within the OKEx ecosystem, can be supplied with extra use instances in numerous fields, together with cybersecurity, finance, way of life products and services and extra.

four. OKEx gives wider vary of goods in comparison to its competition

Within the AMA consultation, when speaking in regards to the distinction from their competition, Jay Hao discussed the broader vary of goods may well be one of the most tactics they keep forward of alternative exchanges out there. Additionally, the tremendous matching engine which might supply dependable and strong products and services is any other spotlight discussed via Jay Hao.

five. OKEx Pool helps PoW and PoS mining of nine main cryptocurrencies

OKEx Pool integrates mining and buying and selling products and services with reinforce for PoW and PoS/PoS-variant mining of nine main cryptocurrencies, in order that customers can switch mining rewards to OKEx mining accounts immediately. As highlighted via Jay Hao, the cryptocurrency trade too can supply technical and safety carrier to its customers. Because the unique trade which might supply hedging alternatives for virtual belongings, OKEx can assist miners protected their mining source of revenue for a most of 180 days.

6. OKEX USDT-margined perpetual change to be introduced in December

Jay Hao, CEO of OKEx, discussed that new merchandise, USDT perpetual change buying and selling simulation and buying and selling contest can be introduced in early December.

 

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