Absolute Coin is updating its wallet

The next version of the Absolute Coin wallet with an increased Master Node collateral on July 21
28 June 2018   834

Absolute Coin wallet version 12.2.3a will be released on July 21. The update is going to feature the following:

  • Master Node collateral increase to 2,500 ABS;
  • Sentinel upgrade to v1.2;
  • mncache issue fix

For the Sentinel (a governance, policing and reporting service which looks after the Master Nodes on the network) upgrade process a separate guide will be release so that users can upgrade smoothly. Users need to enable their nodes to start receiving rewards. The 1,000 ABS Master Nodes will cease receiving rewards starting from July 25.

Absolute Coin is fast and low cost blockchain for verifying advertising through PoV and backed by Master Nodes. More information is available here.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   137

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.