Cryptokitties enters China, Hong Kong and Taiwan

The most successful consumer product built on blockchain launches with an iOS app limited to 5,000 players
08 March 2018   1232

Today, Cryptokitties becomes officially available in China, Hong Kong and Taiwan. It comes from North America, where it blasted with gigantic success in 2017 that also resulted in a massive overload of Ethereum network. In order to address this issue and mitigate the potential risk Cryptokitties is open for 5,000 players only. The game comes in the form of an iOS app and those who wish to play need to join Cryptokitties official account on WeChat and register their email address on a special entry page. Meanwhile, random lucky players will be awarded with open spots. The launch is accompanied with the start of a localized website, native-speaker support and several giveaway events.

The brand ambassador will be renowned Chinese illustrator Momo Wang. As the special edition Cryptokitties Artist series is under development by well-known artists, Momo Wang will be the first such contributor. A significant increase of transactions on Ethereum is expected as these special edition cats are on high demand. Notably, one of the cats will be put on a global auction, and it will be one of the initial examples an artist auctioning ownership of their art via blockchain platform.

We created CryptoKitties to make blockchain technology accessible to everyday consumers. Games like CryptoKitties drive adoption of emerging technologies like blockchain. They also showcase blockchain's potential beyond cryptocurrency, gifting users with a working fluency in the underlying technology by hinting at what the future of digital art ownership may look like.

 

Benny Giang

Co-founder,  CryptoKitties

Cryptokitties is the largest Ethereum network based game that has gained 1.5 mln users registered and been a go-to method for over $40 mln worth transactions. The game is also responsible for approximately 25% of the network traffic at its peak.

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.