OKEx to Lauch Earn

It is a single interface servive that combines the possibilities of passive earnings on the exchange staking and landing
24 March 2020   315

OKEx Exchange on Tuesday announced the launch of the Earn service. It is a single interface that combines all the possibilities of passive earnings on the exchange. Earn covers two main areas of passive earnings: staking and landing.

In the first case, the user provides assets to the OKEx staking pool and receives a percentage of the exchange performing the validator function in the supported networks. For staking at the time of publication, OKEx offers 8 assets, including Tezos, Cosmos and DAI.

In the second case, the user provides assets to finance the margin positions of other customers and earns on the commissions they pay. To date, OKEx offers 32 assets for landing, including Bitcoin, Litecoin, Ethereum and USDT.

In addition, deposits for a stake with a fixed term of one to three months were added to the platform, which OKEx will “credit to an account with a financial institution to receive passive income”.

Another function of Earn is a one-time transfer of assets from multiple user accounts to one account for staking or landing.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1017

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.