Ex-CEO OKEx to Join Huobi

Chris Lee joined Huobi as a vice president of global business development
21 May 2018   936

Chris Lee, former CEO of one of the world's largest bitcoin exchanges OKEx, will continue his career as vice president of global business development at Huobi.

I've officially joined Huobi group as secretary of the board of Directors & Vice president of International business development

With e combination of Huobi expertise with industry leading marketing & operational abilities, we WILL be biggest in the entire industry!
 

Chris Lee (Twitter)

Ex-CEO OKEx, vice president of global business development at Huobi

Huobi said that Lee will lead the group responsible for the strategy of global mergers and acquisitions, and will also oversee the international development of the exchange.

The news that Lee will continue to work in Huobi came just a week after he left the post of CEO of OKEx. As the exchange said then, he took this step for personal reasons, including the desire to "start a new life."

As noted by CoinDesk, in a public recording in WeChat, Chris Lee stressed that over the past few years, OKCoin (the former name OKEx) has been replaced by a whole group of top managers.

For my former employer, I have done all I could ... The first generation of OKCoin's international and management teams have left. How many of the second generation are still there? And how many CTOs have left in the last three to four years?
 

Chris Lee

Ex-CEO OKEx, vice president of global business development at Huobi

Earlier, the OKEx based in mainland China, where it operated under the name OKCoin and was one of the most popular trading platforms in the world. Under pressure from the Chinese authorities, the exchange subsequently moved to Hong Kong and continued to operate under a new signboard. 

OKEx to Launch Own ERC-20 Based Token

In total, 300 million OKB tokens have entered the public network and they have confirmed that are going to launch OKChain in June
29 April 2019   271

OKEx cryptocurrency exchange announced the launch of its own OKB token in the public blockchain. Starting from Monday, April 29, users will be able to display OKB tokens in wallets that support the ERC-20 standard, or in a cold storage in the exchange application.

In total, 300 million OKB tokens have entered the public network.

The developers also confirmed that they expect to launch OKChain in June. After the confidence that OKChain is working stably, OKB coins migrate from the ERC-20 standard to the main network of the new blockchain.

OKB tokens are intended primarily for the future decentralized exchange: they 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' pre-sales, for voting and paying for the service fee of supernodals.

Of the 1 billion OKB, 700 million tokens are currently blocked. Of these, 300 million coins were originally to be distributed among OKEx users as part of a 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.