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Leading crypto exchange OKEx is in the process of developing its own blockchain. OKChain will be released in a testnet version sometime in June of this year.
Binance was the first crypto trading platform to branch out into direct contributions to the blockchain space. Launched as a testnet at the end of February, Binance Chain is already being seen as a potential rival to Ethereum in terms of dApp development and other projects.
Read more: CZ: More than 8 projects have migrated from Ethereum to Binance Chain;OKEx to launch platform similar to Binance Launchpad, OK Jumpstart soon
OKEx is now creating its own decentralized network, which is the second time it has followed the lead of Binance recently. OK Jumpstart, a token sale platform similar to Binance Launchpad, was announced earlier in March. Another exchange, Huobi, had also followed suit with Huobi Prime, which was announced around the same time.
🌎 More good news on this special day after the announcement of our #IEO platform #OKJumpstart 🚀!
— OKEx (@OKEx) March 22, 2019
We'll be launching:
- Our own #blockchain #OKChain ⛓
- Our first #DEX decentralized exchange #OKDEx ✨
Read more: https://t.co/6J5BaqY57u pic.twitter.com/EZgmtPugqp
OKChain will serve as the base network for OKEx's upcoming DEX. The exchange will also be moving its own native token, OKB, on to a blockchain by the end of April. Initially an ERC-20 token, it will be migrated to the OKChain mainnet at a later stage, when the network is stabilized.
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