Italian Government interested in Blockchain and Cryptos

A number of countries are aimed to have a vibrant DLT ecosystem and Italy is not left behind: it created a working group to take care of blockchain and cryptos
17 June 2018   235300

The working group is operating in Naples and beyond. The Naples authorities declared that volunteers were welcomed from all over the globe to help the working group in “developing and implementing objectives related to blockchain technology.” The demand was well gained by scholars, blockchain developers and enthusiasts from around the world and about 300 of them entered the group.

The Naples mayor`s associate, Felice Balsamo confirmed that since December 2017 the blockchain project has been in the works, when the price of bitcoin hit an all-time high of $20K. Presently, the officials of the project are dividing the entire focus group into small chunks joining people with various skills and disciplines. The entire focus group connects volunteers who are students, legal luminaries, engineers, developers, accountants and more.

The major object of all the cells that make up the working group is to brainstorm and making blockchain solutions which would be able to enforce transparency in different areas of the administration including elections, birth records, and the entire economy. As a resolve is developed, volunteers will now deploy their startups in the region about the advantages of adopting such systems while encouraging small and medium enterprises to accept payments in cryptocurrencies.

Combining traditional economy with a new economy based on cryptocurrencies could lead to a huge economic potential for over 3.5 million residents of the metropolitan city of Naples.
Luigi de Magistris,
The Mayor, Naples

Italy is defined to join the league of nations championing the crypto revolution, beginning with Naples. If things go well, in a few years time, Italy will become a crypto hotbed in Europe.

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   122

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.