Review on OKEx by TUAN NGUYEN VAN

Name: OKEx
Item: OKEx
Rating: 5

September 14, 2018

OKEx officially launched its native token OKB in April of 2018. Following the…

OKEx officially launched its native token OKB in April of 2018. Following the listing of OKB on OKEx’s platform, the exchange registered an increase in 24-hour trading volume and moved to the top spot on CoinMarketCap.com. The total available supply of OKB token is 1 billion. 60% of the supply (600 million) will be given to OKEx users for community building through marketing campaigns. The exchange has already given away 300 million in the OKB Red Packet and Loyalty Points Subscription programs. The remaining 300 million OKB are reserved for marketing events in 2020. Through OKB, OKEx hopes to build a sharing community with blockchain technology, allowing every user to participate and contribute to the development of our platform.
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Pros

OKEx Cryptocurrency Exchange, created in Hong Kong and was founded in 2004, and is one of the most popular assets right now. The company has an amazing team that includes lots of talented individuals of top companies like Huawei and Tencent. They firmly believe that core principals of blockchain, and the principles of Bitcoin and the contracts will be able to change the way how people are trusting in each other, through this transformation will help to eliminate the different barriers that transactions presents, also will help to increase the efficiency of the transactions that happened globally and this, eventually, will have a strong impact on the economy around the world. That’s why the company devoted itself to the blockchain technology and its constant revolution.

Cons

OKEx has been announcing lots of important news including the creation of this first Bitcoin Cash market, for example, the company released a fiat to token platform and they mentioned that they are planning to be very supportive on new developments. OKEx is a digital asset trading platform launched by Chinese OKCoin in 2014 and has gained millions of dollars worth of investments from leading enterprises such as VenturesLab (co-founded by Tim Draper), Ceyuan Ventures, Giant Network Group, Longling Capital (founded by the Chairman of Meitu), Qianhe Capital Management, and eLong Inc.