On December 29, OKB hit $8.1, setting a record high since its issuance, breaking the record of $7.551 created in February by destroying 700 million unissued OKB. Recently, the performance of OKB has been particularly eye-catching. On December 27, when the market opened at 6.046 US dollars, OKB’s daily line level closed 2 positive lines in a row, and the highest increase reached 34.42%.
The skyrocketing price of OKB is considered to be a precursor to the launch of OKT. On December 28, Jay Hao, CEO of OKEx, released a warm-up Weibo of the upcoming new product launch, and gave three prompt words: Originality (innovation), Keep (persistence) and Transform (change). The combination of the first letters of the words is the much-anticipated OKT.
At the beginning of this year, with the official launch of options products, OKEx became the first leading trading platform in the industry to have a full trading product line of currency/leverage/delivery/perpetual/options, which further promoted the trend of the cryptocurrency derivatives market Mature. In February, OEC, which has been cultivated for more than a year, launched the test network. At the same time, OKEx announced the destruction of 700 million unissued platform tokens. OKB rose to $7.551 in one fell swoop, and the industry's first fully-circulating and absolutely deflationary platform token was born.
Go to OKEx in the two cities first, become more courageous, open up a DeFi trading zone, accelerate currency listing, access DeFi liquidity mining, update Jumpstart rules, launch OKB pledge mining, and create a new DeFi+CeFi in the DeFi boom pattern to help market development. In mid-October, OKEx encountered a storm of suspension of withdrawals, but after resuming normal operations, OKEx launched a number of blockbuster activities to win people's hearts, such as the Happy Friday of sending BTC as incentive money every week, and the gratitude of buying BTC at half price... By 12 In March, OKEx's new generation trading system - unified account public beta was launched. The three modes meet the different trading needs of users, improve the efficiency of capital utilization, and promote the healthy development of the industry.
Platform currency is an important indicator of platform strength and market recognition. According to Tradingview data, OKB has increased by more than 180% year-to-date, pulling away HT and BNB, ranking first among the three major platform currencies. So far, OKEx has locked in 2020 in advance. victory.
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OKB hits a record high of USD 8.1, and YTD 180% leads the platform currency
At 9:00 p.m. on December 27, OKB suddenly rose, starting from $6.115 and reaching a peak of $6.8 within 2 hours, an increase of 11.2%. In the next 2 days, OKB still maintained a strong upward trend, and rose to 8.1 US dollars on December 29, which is also the highest point in OKB's history since the date of issuance.
"OKB is still awesome!"
"OKB pulled me a little sour..."
The skyrocketing price of OKB has aroused heated discussions in various communities. After all, in less than 3 days, the highest return on investment of OKB exceeded 30%. It is reported that the surge in this round of OKB is due to three factors. First, the long-awaited OKT is coming. Second, the OEC mainnet is launched. Finally, the unified account of OKEx’s innovative current trading system is open for public testing.
On the afternoon of November 28th, Jay Hao, CEO of OKEx, said that a very important product will be launched soon, and gave three prompts: Originality (innovation), Keep (persistence), and Transform (change). Since the combination of the first letters of these three words is OKT, many users left a message saying that OKT is finally here!
Unlike other exchange public chains that use native platform tokens, OEC will issue the basic token OKT, which is mainly used for on-chain system resource valuation, mortgage, handling fees, matchmaking and voting. Jay Hao, CEO of OKEx, said in an interview that the reason for not directly using OKB as the native token on the chain is that the public chain ecology and the exchange platform ecology have different operating logics. Behind OKB is the OKEx ecology, and the value support comes from OKEx’s The purpose of platform business is to promote the prosperity and development of OKEx; while OKT is the value carrier of OEC, its existence is to promote the development and growth of OEC, because OEC adopts the consensus mechanism of BFT and DPoS, and its goal is to become an independent and decentralized Centralized high-performance trading public chain, hope that all participants can become nodes, and actively use OEC to build various applications such as DApp, DeFi, etc. DPoS under the inflation model can give more rewards to ecological participants and promote the ecological future Centralized and scaled development.
The issuance mechanism of OKT is the creation block and annual issuance. The additional issuance is set at 1% per year, which will be issued in each block in proportion. The OKT of the creation block will be given to OKB in the form of pledge mining. Holders, to thank them for their outstanding contributions to OKEx and OEC, and OKB holders are also expected to become nodes on OEC.
Considering the interaction and promotion model of OKB and OKT, OKT will better empower the ecological construction of OKB while stimulating the ecological vitality of OEC. When the OEC mainnet is launched, OKT will also open transactions.
In addition, the new generation of trading system that OKEx has recently vigorously promoted - the unified account has started public testing. This is a big step for OKEx to innovate the trading infrastructure, and it is also a strong proof that OKEx is fully preparing for the bull market. First of all, the three modes provided by the unified account can meet the different needs of users; secondly, the unified account has broken through the account barriers of various transaction business lines, saying goodbye to cumbersome fund transfers, and the customizable and uniformly displayed transaction interface is extremely convenient. It greatly facilitates the user's operation; finally, the unified account can not only realize fund sharing, but also achieve real-time settlement, which improves the user's fund utilization rate.
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To celebrate New Year's Day, OEC joins hands with OKT to launch
Although OKEx has been building momentum for OKT and OEC for a long time, and the huge rise of OKB also implies that the public chain and OKT will be launched soon, but the news that has not yet been officially announced still carries uncertainty. On December 29, OKEx issued two blockbuster announcements in succession. OEC and OKT will be opened on January 1, 2021, and the hanging stone in the hearts of users has finally landed.
As early as 2018, the first year of the public chain, the exchanges have deployed the public chain one after another. Two years later, the public chain track that was once in full swing is full of feathers, and there are few star projects left. The platforms that have entered the public chain of the exchange have forked the Ethereum code one after another, opened a new chain, and launched the so-called smart chain and ecological chain. This kind of trend, the fork of Ethereum "starts all over again".
Obviously, OKEx did not choose to do this. Thanks to its precise judgment and foresight, OKEx’s public chain has a clear positioning and its research and development is progressing well. When a new chain is opened on other exchanges and it starts from scratch, OKEx’s public chain is on schedule online.
It is reported that OEC is developed based on the Cosmos SDK, one of the cross-chain duo, and adopts the Tendermint network and consensus code. Through the inter-chain interaction protocol IBC (Inter-Blockchain Communication Protocol), it realizes chain-to-chain information interaction, value transmission, and scene and user interaction.
The obvious difference from the forked Ethereum public chain is that OEC is a decentralized exchange public chain independently developed by OKEx, so it is more flexible and not restricted by the development progress of Ethereum. OEC adopts the consensus algorithm combining BFT and DPoS, which can realize the extremely fast confirmation and high throughput of transactions; the 100% open source public chain gives everyone the right to equally participate in the OEC node election.
In addition, OEC supports Cosmos wasm and is compatible with the IBC cross-chain protocol. In the future, EVM and OKEx cross-chain gateway technology will be introduced, which will enable OEC to support higher-level service customization, meet the needs of users in different business scenarios, and truly realize the ecosystem and value Co-construction of value-added systems.
The launch of the OEC main network will promote the transaction business of blockchain technology and promote the optimization of financial market infrastructure. In the future, it will also start from the transaction field and radiate the driving effect to commercial and non-commercial fields.
OKT on OEC, according to the announcement, OKT’s genesis release period is scheduled from January 1, 2020 to January 14, 2021 (14 days), with a total mining of 10 million OKT. Holders can pledge OKB to receive OKT in return. There is no lock-up for liquidity mining of OKT, which can be pledged and unstaked at any time.
After OKEx released the announcement of the launch of OEC and OKT, the phenomenon of "benefits turned into negatives" did not occur. OKB stabilized at around 7.4 US dollars, and the strength of undertaking was strong. It can be seen that the market is positive and recognized for the follow-up development of OKEx and OKB Attitude.
At present, everyone is calling for the arrival of the bull market. During the bull market, the market is active. OKEx, as the main place for cryptocurrency trading and circulation, will also get rich income due to the increase in trading volume. On the one hand, the income of OKEx has increased. The funds for the repurchase and destruction of OKB also increased, which will accelerate the deflation of the platform currency and promote the price rise of the platform currency; on the other hand, the bull market is also a good time for OKEx to attract new traffic, and the rapid expansion of the platform and various developments will also Acting on the platform currency, as a "white horse stock" in the encryption market, the value of OKB will naturally rise.
Driven by the quartet of OEC, OKT, OKB and the transformation of the underlying trading system, OKEx is expected to make history again in 2021.
