Cryptocurrency exchange OKEx announced the launch of the main network OKExChain. The company invited blockchain developers to participate in the creation of an ecosystem of decentralized applications based on it.
The OKExChain mainnet has officially launched!
Calling all blockchain developers — the Star Voyage Program to start building on OKExChain will kick off next week!
Don’t miss your chance to be part of building a new DeFi & dApp ecosystem on the world’s first trading chain. pic.twitter.com/CPh2FsaZ3t
— OKExChain (@OKExChain) January 15, 2021
OKExChain has a monetary policy similar to Bitcoin, involving halving. The initial block reward is 1 OKT and is halved every three years. The initial release is limited to 10 million tokens. The theoretical supply limit is 72.2 million OKT.
Previously, the exchange distributed OKT proportionally among OKB holders through the Jumpstart platform.
The network rollout is planned in four stages.
From December 31, 2020 to January 14, the first stage took place, which assumed the OKExChain genesis stage.
At the start of the second stage, the developers will test the stability, security and reliability of OKExChain.
Transactions will become available on the network on January 18 at 8:00 (UTC) – users will be able to deposit OKT tokens on OKExChain. Trading in pairs with Bitcoin, Ethereum and USDT will be open.
There will be no trading fees for the next 30 days.
On December 18, The Graph team launched a decentralized data indexing protocol on the Ethereum mainnet. OKEx added the native token of the project – GRT to the listing.
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