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Blockchain-IoT Project Xensor (XSR) Now Listed on OKEx

Blockchain-IoT Project Xensor (XSR) Now Listed on OKEx

Earlier this week, the main cryptocurrency spot and derivatives change platform OKEx introduced the itemizing of Xensor (XSR), a futuristic undertaking designed to fulfill the necessities of good cities by integrating IoT with blockchain know-how. As part of the itemizing, OKEx opened XSR deposits on August 4, 2020, adopted by spot buying and selling in opposition to USDT and BTC two days after on August 6, 2020, at 7:00 AM UTC. On the identical day, at 9:00 AM UTC, XSR withdrawals had been enabled as properly.

Headquartered in Hong Kong and created by a crew of South Korean builders, Xensor is a quickly rising blockchain undertaking engaged on fixing the problems associated to IoT community infrastructure broadly applied in good cities. With a sturdy IOT community, Xensor strengthens info safety by automating particular factors of knowledge administration together with information storage and transactions. These modifications additional assist decrease the price of setting up IoT communication networks and cut back upkeep prices.

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Acknowledging the significance of a mix between IoT and blockchain, the CEO of OKEx Jay Hao mentioned, “Like blockchain, IoT know-how has developed quickly in recent times, but it additionally has some obstacles to beat. IoT at present suffers from excessive prices, overly advanced options, and an absence of standardization. Some of those issues might be solved by integrating IoT with blockchain know-how.”

Adding additional, he mentioned “For instance, blockchain can sort out the problems of knowledge privateness safety and worth mining. At the identical time, it could actually assist cut back excessive upkeep prices and promote IoT {industry} requirements. We are glad to see the mixing of those two high-potential rising applied sciences and look ahead to seeing the adoption of blockchain by extra industries.”

Apart from establishing an reasonably priced and environment friendly IoT community to automate equipment and stuck asset administration, Xensor additionally helps optimize the utilization of knowledge. The XSR token can be utilized to commerce the information gathered from IoT community in a secure, decentralized trend. Further, the Xensor {hardware} permits customers to mine XSR tokens as compensation for sharing information.

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Currently, OKEx is operating a buying and selling competitors, set to finish on August 10, 2020, at 11:00 AM UTC. The competitors entails a worth pool of 1,200,000 XSR together with unique rewards and a 550 XSR bonus for brand spanking new customers.

More info out there at – https://www.okex.com/academy/en/okex-to-list-xensor-xsr-promoting-blockchain-adoption-in-the-iot-industry

Image by Pete Linforth from Pixabay

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