On the occasion of the first anniversary of the OKB token listing, OKEx has announced the launch of the decentralized OKDEx platform on its own blockchain.

# #IEO platform #OKJumpstart ?!

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

Read more: https://t.co/6J5BaqY57u pic.twitter.com/EZgmtPugqp

– OKEx (@OKEx) 22 March, 2019 p.

The OKEx blog reports that the OKChain blockchain is already in the final stages of development. The launch of the test network is scheduled for June 2019.

After the developers come to the conclusion that OKChain works stably, OKB coins migrate from the ERC-20 standard to the main network of the new blockchain. Native OKDEx tokens can be used to pay for transaction fees, as well as in decentralized applications based on OKChain. In addition, OKB will be used in the tokens to sell, to vote and pay for the service fee of supernotes.

Of the 1 billion OKB, 700 million tokens are currently blocked. Of these, 300 million coins will be distributed among OKEx users as part of the loyalty program. The remaining 400 million OKB will remain under the control of the OK Blockchain Foundation and Exchange teams. The lockout period will end in 2022.

Also worth noting is that in the upcoming launch IEO -platform OK Jumpstart will be taken only token OKB. Currently, OKEx management is negotiating with various projects regarding their possible participation in tokensalekh based on the new platform. OKEx verified users holding OKB tokens will be able to participate in IEO based on OK Jumpstart.

Recall that the public testing of the decentralized trading platform Binance DEX started in February.

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