OKEx will hold the OKExChain mainnet launch conference on January 15, officially entering the second phase of the mainnet launch.
The launch of the OKExChain mainnet is divided into 4 stages. After entering the creation stage (the first stage) at 0:00 on January 1st, Beijing time, the creation and issuance of OKT has been completed and OKB holders have passed OKEx Jumpstart Obtained OKT by staking OKB. (OKT is the underlying token of OKExChain. It uses a halving model similar to that of Bitcoin. The initial issuance is 10 million, and the initial block reward is 1 OKT, which is halved every three years. The theoretical total issuance is approximately 72.2 million. Any individual And community organizations can build their own blockchain applications based on OKExChain.)
OKExChain is a decentralized, open, and fully open source blockchain community. It belongs to a self-developed public chain system, focusing on the construction of a trading ecosystem. It is an open source high-performance decentralized high-performance trading public chain developed by OKEx, which aims to promote the implementation of transaction business based on blockchain technology.
First: Election to become a super node. After the super node is successfully elected, it can have one vote and obtain two parts of the super node reward: 1. Gas fee reward 2. Additional issuance reward.
Second: Issue your own digital assets, create your own digital asset trading pairs, and conduct transactions through OKExChain.
Third: Decentralized order book and swap transactions through OKExChain. (KYC certification and recharge action is not required)
Fourth: use OKExChain for spot and derivative transactions.
Fifth: With its cross-chain gateway function, various mainstream assets can be migrated to OKExChain, and the value of the digital asset can be transferred to other public chains in the same proportion to achieve cross-chain assets, thereby participating in different main chains. Financial services maximize the income of financial management.
In the future, it will have more high-quality functions, and it is planning to support oracles to support leverage, perpetual and other derivatives trading.
It should be noted that although the administrator of OKExChain is OKEx, it is not under the management of OKEx. In the future, it will adopt a completely open protocol to develop itself, and OKEx can only be a part of the OKExChain community.
Looking back on the recent developments of the exchange public chain from OKExChain's rapid development, it can be found that the Binance Smart Chain BSC, which was launched on September 1, 2020, is still in its infancy, but it can not only create token smart contracts, but also introduce BNB formation. The pledge mining mechanism has also contributed to the development of DeFi projects and the entire blockchain community. At the same time, the Huobi ecological chain Heco has also been officially launched on December 21, 2020, Beijing time. It is currently in the first phase of "Tinder" among the four stages of Tinder, Spark, Flame, and Liaoyuan. The second phase of "Tinder" will be It will be launched in Q1 of 2021, and there will be an open recruitment for nodes.