What does “OK Platform Coin” mean (What is OKEx’s platform coin)?
What does \”OK Platform Coin\” mean? According to official sources, the platform c
What does “OK Platform Coin” mean? According to official sources, the platform coin initiated and formed by the OK Group is what it means. OKEx is one of the global digital asset trading service providers. Its business model is to provide comprehensive platform services for full-ecosystem financial derivatives and OTC markets, and to issue its own platform token (called OKC) through blockchain technology. According to the official introduction of OKCoin: OKChain is a consortium chain system developed based on the high-performance public chain OKEx, which adopts a hybrid margin mechanism based on the DPOS+PBFT consensus algorithm and multi-signature mechanism on the underlying level.
What is OKEx’s platform coin?
According to the OKEx announcement, the platform coin is issued based on the value of the platform’s own business. Currently, some users have exchanged OKB on the exchange, and these traders will be able to obtain the platform coin by acquiring OKEX platform’s native token OKB or directly invest and build on the platform using the platform coin.
According to the official introduction, OKEx was founded by a team of former J.P. Morgan executives. Established in 2011, it focuses on global blockchain digital asset trading markets, as well as research on blockchain technology development and application. Its operating model includes spot trading, futures trading, options contracts, leveraged trading, and liquidity mining as its three core businesses.
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