OKEx Announces Upcoming Launch of IEO Platform “OK Jumpstart”

IEO serves similarly to the Initial Coin Offering (ICO) — both allows selling tokens to finance early-stage projects, however, the key difference is that …

MALTA, March 12, 2019 /PRNewswire/ — OKEx announced that a brand-new IEO (initial exchange offering) platform will soon be launched. Named “OK Jumpstart”, the new platform aims to incubate high-potential projects and support early entrepreneurs.

OKEx Announced Upcoming Launch of IEO Platform "OK Jumpstart"

OKEx Upcoming Launch of IEO Platform “OK Jumpstart”

OKEx began its research on different token launch methods since July 2018 when the OKNodes platform was launched. For high-quality projects and early entrepreneurs, it is believed that the IEO model is an ideal method for them to kick-start. By saving the time and resources for getting listed on exchanges, project teams will be able to focus on project development and community management.

As a trailblazer in the blockchain industry, OKEx is committed to facilitating the development of blockchain technology and projects. After a comprehensive evaluation of related regulations worldwide, OKEx finally came up with “OK Jumpstart” as a compliant IEO platform. With the technology and services required ready, OKEx is ready to roll out the platform in the soonest future.

“We are happy to launch OK Jumpstart as our own IEO platform. I believe the IEO model will bring considerable advantages to both the exchange and project developers, particularly start-ups can conduct their launching process easier and more streamlined,” said Andy Cheung, Head of Operations of OKEx. “In view of the demand for IEO growing so fast, 2019 will be the year of IEO, and we expect to see more innovative projects be hatched from this platform.”

More details about OK Jumpstart will be announced shortly. Please stay tuned for updates.

What is Initial Exchange Offering (IEO)?

IEO serves similarly to the Initial Coin Offering (ICO) both allows selling tokens to finance early-stage projects, however, the key difference is that both the project developer and the investors facilitate their transactions through a third party a reliable exchange. The exchange acts as a guarantor and conducts a project due diligence check on the project team. Having IEO to streamline the process, developers are no longer required to perform KYC verifications. Indeed, it can bring about widespread publicity and a quicker listing process.

About OKEx

OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital assets trading services including token trading, futures trading, perpetual swap trading and index tracker to global traders with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies. The platform provides a safe, reliable, and stable environment for digital asset trading, serving millions of customers from over 200 countries and regions.

OKEx Logo (PRNewsfoto/OKEx)

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OKEx is the most trusted Digital Asset Exchange that is situated in Malta. It is a digital currency exchange (DCE), and a cryptocurrency exchange is a …

According to a press release shared with a news website, cryptocurrency exchange OKEx which is a Malta-based exchange has recently added new four cryptocurrency unoriginal sets to its trade.

OKEx is a 3rd greatest cryptocurrency exchange by trade volume, and it has stated the extensive listing of Bitcoin SV (BSV), DASH and QTUM, NEO in contradiction of Tether (USDT) and Bitcoin (BTC) on margin with three times larger than the power option.

In the month of January 2019 this major exchange added 7 fresh cryptocurrency derivative pairs to its platform, such as Bitcoin SV (BSV), Bitcoin Cash (BCH), Ethereum Classic (ETC), EOS (EOS), Ethereum (ETH), and Ripple (XRP) as well as Litecoin (LTC), as stated in the news website. However, in January, the exchange noted that the newly added contracts would only support up to 40x leverage, as opposed to today’s press release indicating a 3x leverage option.Also in December of last year, Hong Kong-based cryptocurrency exchange Bitfinex launched margin trading for stablecoin Tether (USDT) against USD, as Cointelegraph reported on Dec. 22.

Earlier today, Cointelegraph wrote that major United States exchange and wallet Coinbase has acquired a blockchain intelligence startup, dubbed Neutrino, underlining that the new deal is aimed at helping add more cryptocurrencies and features to Coinbase services.

OKEx a digital asset exchange had earlier launched an unoriginal product, called as perpetual swap, that ropes BTC/USD having more than 100 times of force.

OKEx Monetary Market Director Lennix Lai noted that “we would like to remind our users that due to its high leveraged nature, implementing risk control strategies are equally crucial in trading.” Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly very similar to a futures contract, but with no expiry and daily settlement. Each swap contract has a notional value of $100 Bitcoin (BTC) equivalent.

Last year OKEx even removed more than 50 trading pairs with trading volume and weak liquidity. After that Later in November, the exchange announced it was delisting the second swathe of trading pairs due to “weak liquidity” to “create a robust trading environment and offer the best trading experience” for traders.

In commentaries clarifying the motivation behind the policy, OKEx mentioned that it was acting to defend the welfares of its customers,” adding:

“We will strictly monitor all listed projects and implement the delisting/hiding mechanism for substandard projects when necessary.”

About OKEx

OKEx is the most trusted Digital Asset Exchange that is situated in Malta. It is a digital currency exchange (DCE), and a cryptocurrency exchange is a web-service that offers its users services for the transfer of virtual currency into many assets, like digital money and fiat. The exchange functions typically online, offering dealings in electric types and taking charges for them, as there are even a few of the brick-and-mortar businesses that use old-style reimbursement methods. Credit cards and Debit cards, postal money orders and other types of money transmissions are recognized to make a process with the help of DCE. Usually, dealings are made among bank accounts and in a few examples a client can remove their money in with the help of ATMs.

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Bitcoin and Ethereum Futures Volume Way Up, High Confidence in Longs

There’s very little reason to have complex on-chain smart contract schemes. AR: What’s your biggest criticism of Ethereum? PT: See the previous …

Bitcoin derivative futures contracts have reached their highest trading volumes of the year on many exchanges, according to data from Skew, a cryptoasset derivatives analytics website.

This is officially the biggest session of 2019 pic.twitter.com/7MAsQPWb1O

— skew (@skew_markets) February 18, 2019

The huge trading volumes come amid two consecutive days of market rallies, with all leading cryptoassets painting large gains on the board, and Bitcoin lingering around the $4,000 price mark – up about 10% in two days. Today’s rallies mark the second broad leg up of February, with initial gains on the 8th setting the uptrend in motion.

Data from Skew also show that all Bitcoin perpetual swap funding on tracked futures exchanges – BitMEX, Deribit, OKEx, and Cryptofacilies – having positive funding rates. This means that confidence in longs is high and they must therefore pay a premium, whereas short sellers are paid for funding.

Funding-wise, all perps are now in positive territory for the first time in a while! pic.twitter.com/cmrWfT7wMi

— skew (@skew_markets) February 19, 2019

Despite this, data from Tradingview.com show that Bitcoin long contracts on the Bitfinex exchange have fallen precipitously since yesterday – more than 25% – presumably as traders take profit on their successful trades.

bfxlongs.png(source: TradingView.com)

Bullish Ethereum?

Things look similarly rosy for Ethereum (ETH) derivatives. Skew data show that Ether futures are also in positive funding, likewise indicating long confidence.

ethfuture18feb.png(source: Sk3w.co)

Furthermore, according to crypto (and general financial) analyst Alex Krüger, Ethereum’s coming (rescheduled) Constantinople update could be cause for confidence; and so could its falling inflation rate.

Two signs of longer trend change (backwards looking by definition). Issuance has been dropping since Dec and will stabilize at lower levels with the fork. And we have the fork’s bullish narrative kicking in (just a narrative, but narratives matter). The fork is set for Feb/27.

— Alex Krüger (@Crypto_Macro) February 18, 2019

Krüger noted that Ethereum futures trading on BitMEX had reached all time highs two consecutive days in a row, since the contracts began trading last August.

ethvol19feb.png(source: TradingView.com)

CryptoGlobe reported recentyl however, abou tconcerns surrounding a feature in the Constantinople update, that would allow interactions with “addresses that do not exist yet on-chain but can be relied on to only possibly eventually contain code.”

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On February 18-19 The Blockchain – powered Gemini Dollar (GUSD) fell in value over -5.36%

Top Crypto Experts believe that Gemini Dollar (GUSD) is looking for the $1.1071130224 goal. According to 4 … It last traded at Exmo exchange.

It was bad day for Gemini Dollar (GUSD), as it declined by $-0.0570435139999999 or -5.36%, touching $1.006466384. Top Crypto Experts believe that Gemini Dollar (GUSD) is looking for the $1.1071130224 goal. According to 4 analysts could reach $1.5614122693059. The highest price was $1.067026279 and lowest of $0.99630795 for February 18-19. The open was $1.063509898. It last traded at Exmo exchange. Aproximately 3,253 GUSD worth $3,348 was traded.

For a month, Gemini Dollar (GUSD) tokens went down -2.28% from $1.03 for coin. For 100 days GUSD is down -1.33% from $1.02. It traded at $0.00 (non existent) 200 days ago. It has 123,334 coins in circulation. It was founded on 09/09/2018. The Crypto GUSD has proof type and operates under algorithm.

Gemini is a licensed digital asset financial platform. It enables users with the ability to trade (buy/sell), and store digital assets by granting them the access to custody services and a crypto marketplace. Gemini platform works under the regulatory oversight of the New York State Department of Financial Services.

The GUSD token is an Ethereum-based (ERC-20) cryptocurrency developed by Gemini. It is a stable coin which is attached to the USD, giving it the stability of fiat along with the advantages of cryptocurrency.

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Bitcoin Cash SV (CRYPTO:BCHSV) 1-Day Trading Volume Tops $630.20 Million

Bitcoin Cash SV (CURRENCY:BCHSV) traded up 70.9% against the U.S. dollar during the 24 hour period ending at 2:00 AM E.T. on February 4th.

Bitcoin Cash SV (CURRENCY:BCHSV) traded up 70.9% against the U.S. dollar during the 24 hour period ending at 2:00 AM E.T. on February 4th. One Bitcoin Cash SV coin can currently be purchased for approximately $118.46 or 0.02991990 BTC on major cryptocurrency exchanges including Bithumb, Bittrex, Poloniex and BigONE. Bitcoin Cash SV has a total market cap of $0.00 and $630.20 million worth of Bitcoin Cash SV was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Cash SV has traded 39.5% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • Mixin (XIN) traded 17.3% higher against the dollar and now trades at $148.74 or 0.03771651 BTC.
  • Fusion (FSN) traded up 2.4% against the dollar and now trades at $0.47 or 0.00011856 BTC.
  • Litecoin Cash (LCC) traded up 5.5% against the dollar and now trades at $0.0111 or 0.00000283 BTC.
  • Distributed Credit Chain (DCC) traded down 1.2% against the dollar and now trades at $0.0014 or 0.00000036 BTC.
  • Sakura Bloom (SKB) traded up 9.9% against the dollar and now trades at $0.0016 or 0.00000041 BTC.
  • XinFin Network (XDCE) traded 3.3% higher against the dollar and now trades at $0.0008 or 0.00000019 BTC.
  • Bitcoin Atom (BCA) traded up 10.8% against the dollar and now trades at $0.15 or 0.00003784 BTC.
  • Bean Cash (BITB) traded 8.2% higher against the dollar and now trades at $0.0008 or 0.00000021 BTC.
  • EDRCoin (EDRC) traded 0.3% higher against the dollar and now trades at $0.67 or 0.00016984 BTC.
  • Measurable Data Token (MDT) traded down 1.8% against the dollar and now trades at $0.0039 or 0.00000100 BTC.

Bitcoin Cash SV Coin Profile

BCHSV is a coin. Its genesis date was November 15th, 2018. Bitcoin Cash SV’s total supply is 21,000,000 coins. Bitcoin Cash SV’s official website is bitcoinsv.io. Bitcoin Cash SV’s official Twitter account is @nChainGlobal.

Buying and Selling Bitcoin Cash SV

Bitcoin Cash SV can be traded on the following cryptocurrency exchanges: Koinex, Cobinhood, Bitbns, OKEx, Bitrue, DragonEX, Bitfinex, Bithumb, Huobi, Kraken, CoinEx, Coinsquare, Korbit, Trade Satoshi, Coinbit, BigONE, Bibox, CoinBene, Bitkub, Indodax, BX Thailand, Gate.io, Binance, Coinsuper, Bit-Z, Altcoin Trader, WazirX, MBAex, FCoin, OTCBTC, SouthXchange, Upbit, Hotbit, HitBTC, Poloniex, ZB.COM, Bittrex, YoBit, CoinZest, Kucoin and IDAX. It is usually not currently possible to purchase alternative cryptocurrencies such as Bitcoin Cash SV directly using US dollars. Investors seeking to acquire Bitcoin Cash SV should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Cash SV using one of the exchanges listed above.

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