The main crypto change, OKEx has introduced the itemizing of two extra tokens on its spot buying and selling platform. Customers on the platform can now begin buying and selling and likewise withdraw Flamingo (FLM) and Rio Gas (RFUEL) tokens, which had been earlier a part of the OKEx Jumpstart Mining program.
Other than the itemizing, OKEx has additionally introduced a two-day RFUEL Deposit and Buying and selling Contest with a prize pool price $100,000. Each RFUEL and FLM are main initiatives within the DeFi sector aiming to beat the restrictions posed by standard blockchain protocols to widespread adoption of decentralized monetary options. Their respective missions are in-line with OKEx’s personal – offering the unbanked with entry to monetary companies utilizing DeFi.
In an announcement, CEO of OKEX Jay Hao stated, “Whereas DeFi is on everybody’s lips, OKEx doesn’t pay lip service. The DeFi house wants strong infrastructure development. Thus, we’re completely happy to see extra contributors working arduous and sensible on DeFi functions. We’re keen supporters of DeFi and have welcomed over 50 DeFi tokens to OKEx.” Additional including, “As an business explorer, it’s our obligation to assist the event of DeFi and supply a broader stage for high-quality DeFi initiatives.”
Together with spot buying and selling, OKEx has additionally launched FLM/USDT margin buying and selling and financial savings characteristic together with USDT-margined Perpetual Swap for FLM. The characteristic went dwell on September 29, 2020, to be accessed over Internet, App and API. As part of the launch, OKEx is providing zero transaction charge FLMUSDT perpetual buying and selling for each taker and maker for one month.
OKEx has revealed detailed details about FLMUSDT Perpetual Swap, Margin Borrowing Place Tiers and Enterprise Guidelines for Financial savings on the following hyperlink – https://www.okex.com/assist/hc/en-us/articles/360050289671