Review on OKEx by Francis D.

Name: OKEx
Item: OKEx
Rating: 4

January 07, 2021

OKEx, the contender of Binance

I do have traded with Okex many times and I do love their new looks when it comes to the sleekiness of the platform. First of all, I do love how their OKB token is like the one where you will be able to have discounts from fees by using the OKB token. However, unlike Binance, the OKB token does not let you have voting power when it comes to the community listing unlike BNB. 
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When it comes to the power of decentralization, of course it is a flop because this is a centralized exchange. Not your keys not your coins as always. They do also have academy wherein you could learn the basics of cryptocurrencies as a whole. 
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Recently, they also have loans by just adding your crypto as a collateral. They do also have pools but not like Launchpool of Binance wherein you could earn from just staking BNB. Here, when we say Pool, it is mining pool for mining different coins known as Proof-of-Work pools. I saw that they do have OKEX cloud which is like a plugin wherein you could be an exchange using their software and lastly, what I would say that could contend UNISWAP will be the OKEX chain once it launch, their DEX will be cross-chained so more people could jump in here and no need to go exchange hopping.
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Pros