Serg<\/strong>: Hi! Welcome to Satoshi Club! Today AMA will be with OKEx.<\/p>\n\n\n\n Irina Kravchuk<\/strong>: Hi guys, @OKB_Operating_Officer<\/a> welcome, how are you today?<\/p>\n\n\n\n OKB Operating Officer: <\/strong>Hi,everybody.Nice to meet you,so glad to see Satochi Club’s friends~<\/p>\n\n\n\n Serg:<\/strong> Please tell a little bit about yourself and make an introduction for OKEx.<\/p>\n\n\n\n OKB Operating Officer: <\/strong>Sure~<\/p>\n\n\n\n Good day to y’all~<\/p>\n\n\n\n I\u2019am OKB Chief Operator from OKex Exchange.\nIn the beginning of year 2020, we have enhanced OKB value through incessantly\noperations, as 700 million unissued OKB burnt, the 13th Jumpstart release,\nOKChain testnet and OKT launch. We’re happy to see hard work pays off, that OKB\nprice rocketed to all time high to $7.441.<\/p>\n\n\n\n While hodl investors being excited about the\nOKB hyper surge, a lot of traders get interested in OKB and have many\nquestions. It’s our pleasure to have this chance to talk with all OKEx\nsupporters. Hope we can provide valuable info through this communication.<\/p>\n\n\n\n OKEx is a world-leading\ncryptocurrency exchange, providing advanced financial services to traders\nglobally by using blockchain technology.<\/p>\n\n\n\n OKEx provides\nhundreds of token & futures trading pairs to help traders to optimize their\nstrategy. We are also one of the top digital asset exchanges by trading volume,\nserving millions of users in over 100 countries.<\/p>\n\n\n\n Our BTC futures trade has nearly $1.5B of\nvolume daily, and is widely recognized as the gold standard for the\nindustry.Convert over 30 local currencies to crypto in minutes via Visa,\nMastercard, and other convenient payment methods.<\/p>\n\n\n\n OKEx believes the blockchain technology will\neliminate barriers to transactions, increase the efficiency of transactions\nacross society, and eventually have a significant impact on the global economy.\nWe strive to achieve something that changes the world and never stop to\ninnovate and improve on our customer experience.<\/p>\n\n\n\n Serg: What are the benefits for hodling OKB?<\/p>\n\n\n\n OKB Operating Officer: OKB is the first\nplatform token to achieve full circulation in the world. In terms of additional rights within the OKEx trading platform, 14 application scenarios have been expanded. For example, regarding our trading fee discounts service, users only need to hold 500 OKB to the maximum holding of 2,000 OKB and can enjoy the maximum trading fee discount. And based on trading volume to enjoy discounts, we give the industry’s largest discount rate to our users.<\/p>\n\n\n\n Q1 from Telgram user @oluwamayowa06<\/em><\/p><\/blockquote>\n\n\n\n Why does OKEx exchange have two types of tokens: OKT and OKB? What’s\nthe difference between these two tokens, and the differences in their\nfunctions?<\/p>\n\n\n\n OKB Operating Officer: Not long ago when we\nlaunched OKChain testnet, we also promised to map 100% of the genesis blocks of\nOKT, the native token of OKChain, to OKB holders. OKB will soon be migrated to\nOKChain and no more OKB will be issued, so that holders can enjoy the rise in\nvalue as OKB entered absolute deflation. OKB holders can also run supernodes of\nOKChain and share the benefits of the ecosystem development.<\/p>\n\n\n\n But,OKT and OKB is NOT SAME. Serg: how\nmuch will the deflation period last?<\/p>\n\n\n\n OKB Operating Officer: Forever and always. In\nfact, we have no plans to stop.<\/p>\n\n\n\n Irina Kravchuk: But\nare all OKT mapped to OKB? What this really mean, that it’s the same number?<\/p>\n\n\n\n OKB Operating Officer: The creation block of\nOKT maps 100% to OKB users, but it does not mean that the number of OKT and OKB\nare the same.<\/p>\n\n\n\n Q2 from Telgram user @Javier106<\/em><\/p><\/blockquote>\n\n\n\n Do you have any plans to attract non-crypto investors to OKEX and how?\nWhat are the measures to increase awareness of OKEX in non-crypto space?<\/p>\n\n\n\n OKB Operating Officer: I believe that users\ninterested in cryptocurrencies will spontaneously and actively explore this\nfield.<\/p>\n\n\n\n Of course, OKEx now also offers generous\nrewards to new users. Now, new users sign up for OKEx and buy $100 in\ncryptocurrencies to get a reward of $10 to $100. Everyone is welcome to\nexperience.<\/p>\n\n\n\n Q3 from Telgram user @orrangelp<\/em><\/p><\/blockquote>\n\n\n\n In the near future, Okex will have outstanding breakthroughs to become\nthe perfect trading platform to overcome Binance or not. What will Okex\nspecifically do to make the OKB currency pass in value compared to BNB?<\/p>\n\n\n\n OKB Operating Officer: In terms of product\nintegrity, OKEx is already owning the most comprehensive exchange of digital\nasset product lines in the world. It now is capable of meeting the user’s\nmultiple transaction demands for fiat currency, crypto-crypto, contracts,\noptions, mining pools, wallets, DEX, platform token and so on.<\/p>\n\n\n\n In terms of platform technology support,\nOKEx continues to maintain its leading position in the world, and is currently\nupgrading its next-generation counter system. After the upgrade, the combined\naccounts and more functions will be released, which will provide global users\nwith more stable, efficient, and convenient trading services.<\/p>\n\n\n\n Product technology has always been the core\nstrength of OKEx. OKEx has always ensured the safety of user funds with\nexcellent system performance and intelligent risk control. So far, OKEx has\nnever had a user security incident, which is a quite proud.<\/p>\n\n\n\n At the same time, OKB serves as a utility token for OKEx’s platform. Its market performance also expresses the user’s recognition of the OKEx platform to a certain extent. There is no doubt that OKEx will give OKB unreserved continuous empowerment.<\/p>\n\n\n\n Serg: do\nyou plan any launchpad where only OKB hodlers will be eligible?<\/p>\n\n\n\n OKB Operating Officer: Of\ncourse, we have our own Jumpstart event, the 13th period has just ended, and\nthe opening price is 3 times the pre-sale price. Our next Jumpstart is about to\nstart soon, welcome everyone to enter our website to know: https:\/\/www.okex.com\/jumpstart<\/a><\/p>\n\n\n\n Q4 from Telgram user @erol1763<\/em><\/p><\/blockquote>\n\n\n\n What is your view of someone manipulating the tokens in exchanges. What\nare the measures taken by Okex to prevent liquidity wash trading?<\/p>\n\n\n\n OKB Operating Officer: For the exchange, what\nwe can do is: first, objectively and fairly introduce investment assets to\nusers; secondly, provide a richer product line to users; thirdly, do objective\nand fair analysis and put Introduce the causes and consequences of more\nincidents to customers and help them analyze them. But we will not do anything\nexcessive, which we believe violates the exchange’s neutral and objective\nvalues.<\/p>\n\n\n\n We are working on the latest decentralized\nexchange DEX. This week, there will be activities for developers, rewards are\ngenerous. Welcome to pay attention to OKEx official website.<\/p>\n\n\n\n Answer complete~<\/p>\n\n\n\n Q5 from Telgram user @endtimeprophet<\/em><\/p><\/blockquote>\n\n\n\n As far as I\u2019m concerned, OK CHAIN has been launched yet I still see\nERC20 OKB tokens, can you explain more about the Swap Process and the UTILITY\nOF OKB tokens<\/p>\n\n\n\n OKB Operating Officer: The specific mapping\nrules will be announced when the main online, and now you can log in to DEX to\nreceive the free OKT test coin: https:\/\/www.okex.com\/dex-test<\/a><\/p>\n\n\n\n The UTILITY OF OKB tokens\uff1a Part 2 \u2014 live questions from the Telegram community<\/strong><\/p>\n\n\n\n Q1 from\nTelegram user Hellkhaey<\/em><\/p>\n\n\n\n What are your plans to list OKB on other exchanges aside OkEx? How soon\nwill that start?<\/p>\n\n\n\n OKB Operating Officer: Of course. OKB has been\nlisted more than 50 trading platforms, covering 141 countries and regions\naround the world. Q2 from\nTelegram user Hellkhaey<\/em><\/p>\n\n\n\n What do you have in OkEx that no any other exchange in the world has?\nWhat makes you unique?<\/p>\n\n\n\n OKB Operating Officer: In terms of product\nintegrity, OKEx is already owning the most comprehensive exchange of digital\nasset product lines in the world. It now is capable of meeting the user’s\nmultiple transaction demands for fiat currency, crypto-crypto, contracts,\noptions, mining pools, wallets, DEX, platform token and so on.<\/p>\n\n\n\n In terms of platform technology support,\nOKEx continues to maintain its leading position in the world, and is currently\nupgrading its next-generation counter system. After the upgrade, the combined\naccounts and more functions will be released, which will provide global users\nwith more stable, efficient, and convenient trading services.<\/p>\n\n\n\n Product technology has always been the core\nstrength of OKEx. OKEx has always ensured the safety of user funds with\nexcellent system performance and intelligent risk control. So far, OKEx has\nnever had a user security incident, which is a quite proud.<\/p>\n\n\n\n At the same time, OKB serves as a utility\ntoken for OKEx’s platform. Its market performance also expresses the user’s\nrecognition of the OKEx platform to a certain extent. There is no doubt that\nOKEx will give OKB unreserved continuous empowerment.<\/p>\n\n\n\n Q3 from\nTelegram user Dalmasca Blockchain<\/em><\/p>\n\n\n\n Many exchange still don’t have this feature, the feature is to swap\nleft over tiny ballance of a token\/coin that we just sell to some Coin than\njust left it there being useless, in the future will OKEX have feature to\nhandle this problem?<\/p>\n\n\n\n OKB Operating Officer: OKEx has launched a\nsmall asset exchange, you can use this function when using OKEx<\/p>\n\n\n\n Q4 from\nTelegram user Srintiel<\/em><\/p>\n\n\n\n Will OKEx exchange become mainstream?? How are you going to compete\nwith the popular exchange like Binance,Kucoin,Huobi,etc..???<\/p>\n\n\n\n OKB Operating Officer: Industry development is\ndynamic, so is competition.<\/p>\n\n\n\n We will learn from competitors about the\ngood services they provide to users. But on the whole, OKEx’s biggest\ncompetitor is our own. To embrace change – accepting the challenges brought\nabout by industry changes is OKEx’s innate mission.<\/p>\n\n\n\n Compared with traditional finance, the\nentire digital asset volume is still very small, even less than 1\/10. In addition to continuously optimizing and\nupgrading product technology to increase market share.<\/p>\n\n\n\n OKEx will also work with all industry\nparticipants to build the entire blockchain and digital asset industry to be\nhealthier and complete. Q5 from\nTelegram user Jhonathan<\/em><\/p>\n\n\n\n How profitable is $OKB? What are it uses?<\/p>\n\n\n\n OKB Operating Officer: You can now use\nOKB to buy coffee in Singapore, and use OKB to withdraw money from ATMs in\nSouth Korea. Purchase goods in Korean convenient stores. OKB’s external\napplication scenarios have reached 40, covering dozens of important areas such\nas payment, transactions, market software, wallets, lending and financial\nmanagement, technical security, tourism, life services, entertainment, social\nnetworking, electronic contracts, O2O and so on.<\/p>\n\n\n\n Serg: Thank you for being here with us today!<\/p>\n\n\n\n Irina Kravchuk: I’m\nsure our community found a lot of interesting new stuff about oKex and OKB<\/p>\n\n\n\n We’ll open the chat in a few minutes<\/p>\n\n\n\n If you want, you can address a message to\nthe community before we open it.<\/p>\n\n\n\n OKB Operating Officer:<\/p>\n\n\n\n Very happy to share with you today<\/p>\n\n\n\n As I introduced above, our newcomer\nregistration benefits are in progress<\/p>\n\n\n\n
\nOKB conducts buying back and burning OKB each quarter.
\nOKB price increase is numer 1 among the coins and tokens within top 30 market\ncap.
\nOKB holders can enjoy the dividends of OKEx development.
\nThe holder of OKB will have the opportunity to become a super node on OKChain\nand enjoy the dividends of future ecological construction of public chain.<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/image.png\")
\nOKB is OKEx’s platform token and has entered deflation period.
\nOKT is the native token of OKChain, and there is inflation every year.
\nWe use the leading dual-token model to ensure that OKEx and OKChain can run\nsmoothly.
\nIt is worth mentioning that OKB users can get 100% of the airdrops from the OKT\ngenesis block.<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/image-1-413x1024.png\")
<\/figure><\/div>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/image-2.png\")
<\/figure>\n\n\n\n
OKB is the first platform token to achieve full circulation in the world.
OKB conducts buying back and burning oKB each quarter.
OKB price increase is numer 1 among the coins and tokens within top 30 market cap.
OKB holders can enjoy the dividends of OKEx development.
The holder of OKB will have the opportunity to become a super node on OKChain and enjoy the dividends of future ecological construction of public chain.<\/p>\n\n\n\n
\nIt has listed on Bitfinex and other internationally renowned fiat trading\nchannels, covering many mainstream currencies such as US dollar, Euro, Korean\nwon, Vietnamese dong, Indonesian rupiah.
\n
\nIn the future we will also list OKB on more exchanges. We would be glad to\nnotify you of this information in real time, and welcome to join the OKEx\ncommunity to learn: https:\/\/t.me\/OKExOfficial_English<\/a><\/p>\n\n\n\n
\nThis is not only OKEx, but also something that the entire industry needs to\nconstruct for a long time.<\/p>\n\n\n\n
\nOnly if the market share of the entire industry continues to increase\nincrementally can all competitors grow together in a benign competitive\nenvironment.<\/p>\n\n\n\n