OKXChain（OKT）Project Analysis-CoinW Institute

OKXChain（OKT）Project Analysis

1. Research Institute Review

OKChain adopts the consensus mechanism of Dpos, and based on the need of Dpos consensus mechanism, OKT was launched as the base pass of OKChain. OKChain’s base pass, OKT, with its genesis block TOKEN is 100% distributed to OKB holders through OKEX Jumpstart.

2. Recent breakout point

OKX Eco + Public Chain

3. Project Introduction

OKC Token, or OKT, is a native token issued by the OEC mainnet. Its value depends on the growth prospects of the decentralized exchange and other DeFi applications that will be built on the network. OKT’s Genesis block will contain an initial mint of 10 million OKT that will be distributed to OKB holders. OKT’s halving model is the same as Bitcoin, with its block rewards halved approximately every three years. The initial block reward is 1 OKT, and the total supply of OKT is theoretically capped at approximately 72.2 million.

4. Token role

1. Use of system resources.

Applications running on the OEC network require a certain amount of resources allocated on the chain. oec charges transaction fees for the use of resources.

2. Equity pledge.

Pledge a certain amount of OKT can become a verifier, according to its voting weight ranking can be proportional to get out of the block revenue, click to view verifier information. (https://www.oklink.com/okexchain/bp-list)

3. Voting.

OKT holders get the right to vote by pledging tokens. An address can vote for up to 30 different validator candidates, and the number of votes for each validator candidate supported by that address is determined by the number of OKTs pledged by that address.

5. Token Economy Model

January 26, 2021: Mining begins.

Total number of tokens: 41,963,350

OKT has a Genesis circulation of 41,960,000 and is currently 100% in circulation. OKT’s release mechanism is a Genesis block and an annual replenishment. 10 million trand will be issued by OKT and distributed to OKB holders. An additional 1% mining bonus will be issued annually and distributed equally to each block on a pro rata basis.

6. Project Highlights

OKExChain is an open source, high-performance decentralized trading public chain designed to drive blockchain technology-based trading business to the ground. As an open public chain ecology, anyone can run to become an OKExChain super node, and can also issue their own digital assets, create their own digital asset trading pairs, and conduct transactions at will. OKT has clear application scenarios, such as the 21 main network nodes using OKT as collateral and the community voting using OKT. 7.

7. Investment institutions

OKX

8. Community

twitter: 18,500 people

9. Future Outlook

OKT is the value carrier of OKChain’s ecology, and will independently run the underlying OKchain passwords, which will empower OKEx’s larger ecosystem by making OKchain more powerful. Its existence will promote the growth and prosperity of OKChain, and there are certain expectations for OKT.

Basic Information

Project Description: OKExChain is a native token issued by OKExChain’s main network. OKT is called OKExChain Token, which is the underlying pass-through of OKExChain, a high-performance trading public chain developed by OKEx, and is also a native token issued by OKExChain’s main network.

Full name of token: OKXChain

Token name: OKT

Project website: https://www.oklink.com/en/okc

Block search:

https://www.oklink.com/en/okc/token/0x8f8526dbfd6e38e3d8307702ca8469bae6c56c15

Liquidity query:

https://www.oklink.com/en/okc/address/0x8f8526dbfd6e38e3d8307702ca8469bae6c56c15

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