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OKChain and OKDEX Are in the Pipeline, Reported OKEx CEO All through the AMA Session


On 12 November 2019, OKEx CEO Jay Hao hosted an “Ask-Me-Anything” session on the English Telegram group with the subject matter encompassing the OKEx ecosystem, which followed the previous 1 talking about the freshly released USDT futures. This report presents some of the highlights of the AMA session.

1. OKEx listing conditions is very clear and clear

Regarding the undertaking listing, Jay spelled out that OKEx has stringent prerequisites, and the listing/delisting recommendations are apparent and clear. Really excellent assignments are the kinds OKEx would like to choose up for their customers, and the cryptocurrency exchange also requires some measures, these kinds of as the upgrade of their Jumpstart policies, to reduce market speculations and manipulations.

2. People and safety are second to practically nothing

Jay Hao highlighted in the AMA session, “Users and stability are second to practically nothing, and it is about the safety of funds, investing, facts and privateness.” According to the AMA, OKEx has recovered about 400 million US dollars for their buyers, and the cryptocurrency trade has also divided the assets involving multisig cold wallets with about 500BTC each so that the threat could be much better managed and controlled. As described by Jay Hao, there has been no protection problem on OKEx.

3. OKChain is to be launched, OKDex will be the very first DApp

OKChain, the self-developed blockchain certification infrastructure by OKEx, is at the remaining phase of screening. It is anticipated to enable the unbanked by giving them essential economical products and services. The decentralized trade, OKDex, will be the initially DApp released on this blockchain certification infrastructure. Also, OKB, the indigenous token circulating in the OKEx ecosystem, will be outfitted with additional use situations in various fields, including cybersecurity, finance, way of life solutions and much more.

4. OKEx provides broader assortment of merchandise compared to its competitors

In the AMA session, when conversing about the distinction from their opponents, Jay Hao talked about the wider variety of solutions could be a single of the means they keep ahead of other exchanges in the sector. Also, the super matching motor which could present reliable and steady solutions is a further emphasize pointed out by Jay Hao.

5. OKEx Pool supports PoW and PoS mining of 9 important cryptocurrencies

OKEx Pool integrates mining and trading expert services with support for PoW and PoS/PoS-variant mining of 9 main cryptocurrencies, so that customers can transfer mining benefits to OKEx mining accounts instantly. As highlighted by Jay Hao, the cryptocurrency exchange can also present complex and protection services to its buyers. As the exceptional trade which could give hedging opportunities for digital property, OKEx can assist miners safe their mining cash flow for a greatest of 180 days.

6. OKEX USDT-margined perpetual swap to be launched in December

Jay Hao, CEO of OKEx, described that new solutions, USDT perpetual swap buying and selling simulation and buying and selling contest will be introduced in early December.