OKEx to Launch Community-Driven Exchange

The own token of the CoinAll exchange will be mined using the trans-fee model
08 August 2018   1043

Bitcoin-exchange OKEx has announced the launch of the CoinAll cryptoexchange platform, operating according to the "white label" scheme.

The launch of CoinAll, the 1st exchange under Open Partnership Program, symbolizes a new era to build a community- and project-centric open exchange, unveiling an exciting new chapter in the blockchain industry!
 

OKEx Team

The launch of the new site took place as part of the Open Partnership program, which started work in June.

Thanks to CoinAll, Open Partnership participants will be able to use the opportunities and services of OKEX, in particular, the clearing system, cold and hot wallets, AML / KYC procedures.

CoinAll also issued 10 billion CAC tokens: 51% will receive users as a reward, and 49% - co-founders of the exchange and members of the Open Partnership program. The coin will be mined using the trans-fee model, which is the mechanism for receiving tokens issued by the exchange as a reward for trading activity of traders.

At the moment, trading pairs of CAC with bitcoin, Ethereum and Tether (USDT) are available on the site.

Buterin to Propose to Increase PoS-Validators Reward

According to Vitalik proposal, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%
23 April 2019   97

The creator of Ethereum, Vitalik Buterin, published on GitHub a proposal on changing the reward scheme for validators after the transition of ETH to the Proof-of-Stake consensus mechanism (PoS).

According to the formula proposed by Buterin, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%.

Buterin PoS Validators Reward Proposal
Buterin PoS Validators Reward Proposal

The more assets are fixed for validation, the lower the interest rate. So, 134 217 728 ETH will bring cryptoinvestors only 1.56% per annum. At the same time, the maximum annual emission volume will be 2,097,152 ETH.

Considering that the current volume of Ethereum's market offer is 105,777,585 ETH, this offer is focused on the medium and long term. Buterin also clarified that the profitability indicators are shown without taking into account proceeds from transaction fees. Consequently, the actual income of validators can be several percent higher than the values ​​indicated in the table.

According to Justin Drake, a researcher at the Ethereum Foundation, if after implementing PoS 32 million ETH will be allocated for stacking, the income of validators will be 3.2% per annum. At the same time, the annual emission indicator will be 1% (for comparison, the current indicator of Bitcoin inflation is 3.94%).

In this case, Drake notes that after the activation of EIP 1559 of the funds collected in the form of commissions, will be destroyed. Consequently, with an average gas consumption of each shard of 1000 ETH per year, inflation will drop to 0.5%.

Users left generally positive comments on the offer. However, some of them expressed fears that in the new conditions the exchange may receive significant advantages, which will be able to do stacking at the expense of clients.