The main crypto change, OKEx has introduced the itemizing of two extra tokens on its spot buying and selling platform. Users on the platform can now begin buying and selling and likewise withdraw Flamingo (FLM) and Rio Fuel (RFUEL) tokens, which have been earlier a part of the OKEx Jumpstart Mining program.
Apart from the itemizing, OKEx has additionally introduced a two-day RFUEL Deposit and Trading Contest with a prize pool price $100,000. Both RFUEL and FLM are main initiatives within the DeFi sector aiming to beat the restrictions posed by standard blockchain protocols to widespread adoption of decentralized monetary options. Their respective missions are in-line with OKEx’s personal – offering the unbanked with entry to monetary companies utilizing DeFi.
In a press release, CEO of OKEX Jay Hao mentioned, “While DeFi is on everybody’s lips, OKEx doesn’t pay lip service. The DeFi area wants strong infrastructure building. Thus, we’re blissful to see extra individuals working onerous and good on DeFi functions. We are prepared supporters of DeFi and have welcomed over 50 DeFi tokens to OKEx.” Further including, “As an trade explorer, it’s our obligation to assist the event of DeFi and supply a broader stage for high-quality DeFi initiatives.”
Along with spot buying and selling, OKEx has additionally launched FLM/USDT margin buying and selling and financial savings function together with USDT-margined Perpetual Swap for FLM. The function went dwell on September 29, 2020, to be accessed over Web, App and API. As part of the launch, OKEx is providing zero transaction price FLMUSDT perpetual buying and selling for each taker and maker for one month.
OKEx has printed detailed details about FLMUSDT Perpetual Swap, Margin Borrowing Position Tiers and Business Rules for Savings on the following hyperlink – https://www.okex.com/assist/hc/en-us/articles/360050289671