Cryptocurrency exchange OKEx this Friday on the occasion of the first anniversary of the listing token OKB on the spot market has announced the launch preparations for the decentralized trading platform on its own blockchain.

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OKEx

✔@OKEx

🌎 More good news on this special day after the announcement of our #IEO platform #OKJumpstart 🚀!

We’ll be launching:
— Our own #blockchain #OKChain ⛓
— Our first #DEX decentralized exchange #OKDEx ✨

Currently, the blockchain OKChain is in the final stages of development, and its test network could be launched in June 2019. When the blockchain OKEx are reasonably stable, it will take him OKB, which then will function as a native token OKChain and be used for payment of commissions and its own decentralized network apps.

The primary purpose OKChain is the launch of the decentralized exchange OKDEx where the token OKB will be used to participate in presale. In addition, the project team will use tokens OKB for the payment of service fees super-node network.

While the total amount of the issue OKB is 1 billion, in circulation today are token 300 million and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through a loyalty program, 400 million belong to OK the Blockchain Foundation and the team exchange.

“However, for more effective ecosystem OKB hold period of 700 million tokens will be extended from 2020 to 2022,” writes OKEx.

In addition, the OKB will be the only token that will be made during the initial stock offerings (IEO) platform OK Jumpstart announced earlier this month. According to the company, she is currently in talks with various projects and will soon announce the launch of the first IEO OK Jumpstart, for participation in which investors will be admitted that have passed the verification of identity and having the OKB tokens in their accounts.