Infinity Economics to release its crowdfunding platform

Infinity Economics is launching a crowdfunding platform on April 7 as the network hits 655,000 blocks mark
26 March 2018   659

Blockchain financial ecosystem Infinity Foundation has announced it's releasing the crowdfunding platform on April 7 as the network sets a 655,230th block milestone. Along with this announcement the project also setup several feature release block further: as the height of the blockchain gets to a certain point, the specific feature is activated automatically. The coming features include shuffling, subscription, escrow and smart contracts.

Infinite Economics sees great potential in idea realization through democratic methods, i.e. crowdfunding: all that's necessary is the initiator, the donators and the platform that serves as a bridge to bring the parties together. Nevertheless, the biggest disadvantage of the current approach is fees: payment processing fees, raised amount fee, etc. Having a built-in currency feature, Infinite Economics offers fully automatic decentralized solution for fast and affordable crowdfunding that may include projects in arts, medicine, travelling, charity, social entrepreneurship and many others.

The company as a whole provides a decentralized and transparent system that allow transactions to be processed peer-to-peer over the blockchain. It recently partnered with LiveTree (blockchain based end-to-end production and distribution platform for TV and film) to offer loans to content makers through LiveTree's platform. As of the moment of the publication, the market indicators for Infinite Economics are as follows:

Average price: $0.015670

Volume (24h): $296,990

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   79

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.