Major Crypto Exchanges Delist Centra Tokens Due to Lawsuit

Binance, KuCoin and OKeX warned users of a fraudulent Centra ICO project and announced their plans to delist CTR tokens
03 April 2018   1021

Today we have reported that the collective lawsuit was filed against Centra ICO. The project was accused of violating the US Securities Act, and the organizers of Centra ICO were charged with misleading investors about the company’s relationship with the payment services Visa and Mastercard, as well as in posting false information about its members on its website.

Following the announcement of Centra ICO being a fraud, major cryptocurrency exchanges started publishing notes warning the users of a fraudulent ICO project and delisting CTR tokens. Among the first exchanges which tend to delist the token are Binance, KuCoin and OKeX.

This is a special announcement about the high risk associated with the CTR token in light of the information released earlier today relating to the controversial and fraudulent acts by members associated with the Centra Tech team.

Binance Announcement

Binance stated that it will monitor the situation closely, and most probably take further actions including delisting, promising to inform the users about its intentions in a 72 hours notice.

KuCoin reported that it has subsequently conducted market research and analysis of the negative impact of the CTR project, and made a decision to delist Centra (CTR) tokens. CTR trading pairs closing date will be at 15:00:00 (UTC+8) on April 04, 2018, and CTR withdrawal function will remain open for some time.

OKeX has joined the above mentioned crypto exchanges and decided to close all Centratrading pairs starting from 15:10, April 3, 2018 Hong Kong Time. All pending orders of the trading pairs will be cancelled, but the withdrawal service of CTR will still be available until further notice.

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   153

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.