World’s Largest Fintech Hub Partners with IOTA

IOTA Foundation and LATTICE80 open innovation laboratory in Singapore
28 November 2017   147818

Germany-based IOTA Foundation and LATTICE80, the world’s largest fintech hub with headquarters in Singapore plan to open an innovation lab with the Germany-based IOTA Foundation.

The companies have signed a memorandum of understanding in November to consolidate their mutual commitments.

The goal of the innovation lab will be to explore mutual interests between ecosystems and run joint initiatives on blockchain technology, cryptocurrency and IOT.  The IOTA Foundation and LATTICE80 will run independent and joint activities to study these technologies to the community through meetups, demo days, IOTA Lab sessions, and more.

IOTA is a global leader, advocate, and evangelist of these new technologies. We are happy to partner with IOTA to develop joint venture projects under a new innovation lab, and look forward to partnering with even more fintech startups as we grow internationally.

 

Joe Seunghyun Cho

Founding CEO, LATTICE80

IOTA has already designed their Blockchain technology, called IOTA Tangle, which is considered to be an innovative type of DLT specifically for the IoT environment. It is an open-source protocol facilitating Machine-to-Machine interactions, including secure data transfer, fee-less real-time micro-payments, and the collection and dissemination of sensor-based and other types of ‘oracle’ and other data.

Recently, one of the largest cryptoexchanges in South Korea, Coinone, made an announcement stating that it will add support for IOTA on November 28 of 2017 and build a partnership with IOTA foundation.

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   79

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.