OKEx to Launch Community-Driven Exchange

The own token of the CoinAll exchange will be mined using the trans-fee model
08 August 2018   1357

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.

$10M Worth Mining Farm to Burn

A video of a fire was published at Twitter, but the company that appear to struggle with a fire hadn't confirmed the news
01 October 2019   135

Equipment at $ 10 million burned out at a large mining farm in China. The total processing power of the bitcoin network fell by 5% - to 82.45 EH / s.

According to preliminary information, the property is owned by Innosilicon.

Some users doubted the veracity of the information, suggesting that the 2014 fire was captured on the video. Their doubts were dispelled by one of the first bitcoin miners Marshal Long.

Innosilicon has not yet confirmed the news.