Cryptocurrency spot and derivatives trade firm OKEx, immediately introduced the launch of the OKExChain mainnet. After greater than 10 iterations on the testnet and ongoing improvement, the mainnet imaginative and prescient is now coming to fruition.
OKExChain can be rolled out in 4 phases, beginning with the Genesis stage from December 31, 2020, to January 13, 2021, adopted by the second stage, which can concentrate on mainnet stability testing. In stage three, the transaction perform can be enabled, and customers can withdraw their OKT from OKEx to OKExChain. In the course of the fourth and closing part, the good contract digital machine can be enabled, and OKExChain can be appropriate with all tasks on Ethereum with the principle community formally totally launched.
Since its preliminary testnet launch, OKExChain has seen important upgrades, together with committing to open-source, EVM good contract improvement, iterations to cut back buying and selling charges, and partnerships with tasks together with Waves, Achain, and DoraHacks. OKExChain has additionally expanded its ecosystem of decentralized apps by way of continued improvement and a extremely profitable hackathon.
“2020 has been a 12 months of unimaginable transformation and, whereas we’ve witnessed a lot struggling attributable to the pandemic, we’ve additionally seen large progress within the cryptocurrency house. For OKEx, it has been a 12 months of reflection and studying, and we’re thrilled to launch OKExChain to the mainnet, furthering the monetary system of the longer term.”
– OKEx CEO, Jay Hao
Minting OKT by way of OKEx Jumpstart
Token minting of OKExChain’s native token, OKT, will start at 4:00 pm UTC on December 31, 2020, and finish at 16:00 UTC on January 13, 2020, with an preliminary issuance of 10 million. OKT can be issued proportionally to OKB holders by way of OKEx Jumpstart. OKB holders can stake OKB to assert OKT in return and stake and unstake at any time.