OKEx, a distinguished crypto change and derivatives platform within the trade has introduced the inclusion of Chia Network’s native crypto asset. The itemizing of XCH went reside on May 3, enabling customers to commerce XCH/USDT and XCH/BTC buying and selling pairs.
A creation of Bram Cohen, recognized for inventing the BitTorrent Network, Chia Network is a extremely decentralized, environment friendly and safe blockchain and good transaction platform. It makes use of an modern Nakamoto-style consensus algorithm primarily based on Proofs of Space and Time as an alternative of standard energy-intensive Proof of Work setup.
Built from scratch, the Chia Network additionally has its personal Chialisp – a brand new on-chain programming language designed to be extra highly effective, simply auditable and extremely safe than different accessible choices. The Chia Network is succesful of supporting atomic swaps, licensed payees, recoverable wallets, multisig wallets, rate-limited wallets and even coloured cash.
Chia Network is backed by some of the large names within the cryptocurrency and enterprise capital house. The mission is funded by Greylock Partners, Andreessen Horowitz, True Ventures, Slow Ventures, Galaxy Investment Group and others.
By itemizing XCH, OKEx is one of the few platforms to provides its customers early entry to an modern community. Along with the itemizing, OKEx has additionally introduced two promotional campaigns to mark the event, successfully making a gift of $100,000 price of USDT and 5000 TiB.
As a component of the primary promotion, first 50 contributors depositing 50XCH or extra from an exterior handle to their OKEx account will turn out to be eligible to obtain 500 USDT every. Those who deposit over 200 USDT price XCH throughout the identical interval will turn out to be eligible to take part in a prize pool of 25000 USDT.
The second marketing campaign is open for everybody depositing and buying and selling XCH in the course of the promotional interval. They will turn out to be eligible to take part in a fortunate draw for $50,000 in USDT and 5000 TiB. Every time a person’s deposit will increase by $100 in worth, they get further rewards, and people with XCH/USDT buying and selling volumes in multiples of $2000 get further probabilities at profitable the fortunate draw. Even inviting new associates to affix OKEx makes merchants eligible to take part within the fortunate draw.
The marketing campaign will finish on May 11, 2021. More particulars concerning the promo occasion can be found at – https://www.okex.com/promotion/QIJB/ACE503679