A brief review on OKEx ecosystem
In 2019, despite the volatility and uncertainty, the crypto market is expanding more quickly with a variety of exciting announcements, such as Facebook’s Libra project, China’s supportive policies on blockchain industry, etc. This year has proven to be a very happening year for the crypto communities. More and more people are willing to talk about the cryptocurrencies which may have the potential to usher the disruption of the traditional financial ecosystem.
Thus, crypto exchanges emerge as major trading hubs for the global users in the community, facilitating the liquidation and development of virtual assets. In addition, the exchanges are also trying to issue their native tokens to raise funds and grow their user base. In return, exchange users can achieve some benefits like a trading fee discount, some governance rights, and other rewards when they hold the exchange coins.

CryptoDiffer, a project review and rating website, has recently released the comparison of different exchange tokens from 1st Oct to 1st November on its official Twitter channel, in which it indicates that OKB, the OKEx utility token, has gained the maximum growth with 44.65% in last month.

Several updates on OKEx ecosystem in last month may be the reasons to foster this growth. According to the announcement, there are 14 new ways to use OKB in different industries including lifestyle, network security, financial services, etc., which will certainly increase the adoption of OKB in the real world.
On top of that, OKEx pool is also one of their products which is aimed to offer different mining services to their users. As mentioned in the post earlier, OKEx pool has supported PoW mining of 9 major cryptocurrencies and PoS/PoS-variant mining, together with the staking and hedging services. Importantly, OKEx pool gives back 100% of the mining rewards to the users and communities, and they have contributed 115 million votes to EOS community.
OKChain, a self-developed public blockchain developed by OKEx, is also notable because it will be the future underlying infrastructure of the OKB ecosystem. According to the latest article posted on their medium channel, more information about OKChain has been disclosed, in which it is said that OKChain is based on a Cosmos SDK forked chain. It will maintain the cross-chain functionality of Cosmos, and keep the security and efficiency required for the decentralized finance (DeFi). Moreover, it mentions that OKDEX, the decentralized exchange, will be the first DApp built on that.
To sum it up, OKEx ecosystem is expanding quickly to cover almost all of the core landscapes in the blockchain industry. In addition to the products mentioned above, the digital asset exchange has also launched OKEx wallet, OKNodes, OK Capital, stablecoin, etc. to enhance the underlying structure for further development of the OKEx ecosystem.
How do you think about the OKEx ecosystem, please feel free to contact me!
