OKEx launches OKExChain mainnet

The cryptocurrency exchange OKEx announced the launch of the OKExChain mainnet. The company invited blockchain developers to participate in building an ecosystem of decentralized applications on its basis.

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 Bitcoin-like monetary policy, featuring a halving. The initial block reward is 1 OKT and halves every three years. The initial supply is capped at 10 million tokens. The theoretical maximum supply is 72.2 million OKT.

Earlier the exchange distributed OKT proportionally to OKB holders via the Jumpstart platform.

in four phases.

From December 31, 2020 to January 14, the first phase, which entailed the genesis stage of OKExChain, was completed.

In the second phase, developers will test the stability, security and reliability of OKExChain.

On January 18 at 8:00 UTC, transactions will become available on the network — users will be able to deposit OKT tokens on OKExChain. Trading in pairs with Bitcoin, Ethereum and USDT will open.

Trading fees will not be charged for the next 30 days.

Earlier, on December 18, The Graph launched the decentralized data-indexing protocol on the Ethereum mainnet. OKEx added the project’s native token — GRT — to the listing.

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