News Update: 13/02/20

Let the world know

                1.OKChain Testnet Now Live – with its First DeFi Application OKEx DEX

                2.Binance Adds Peer-to-Peer (P2P) Trading for Russian Ruble (RUB)


1.OKChain Testnet Now Live – with its First DeFi Application OKEx DEX

OKEx, the world biggest cryptocurrency spot and subordinates exchange has announced  that OKChain, its native decentralized public chain that supports various decentralized applications and allows users to give their own cryptocurrencies, create trading pairs, and trade freely, has gone live on testnet. The announcement is published via OKEx blog post on February 10, 2020. Simultaneously,  OKEx also rolled out OKEx DEX, the first decentralized application based on OKChain.


OKChain is a Cosmos SDK-based public chain developed by OKEx. OKChain isolates data into three layers: block, operations and off-chain data, which can improve the framework consensus speed and grow data dimensions on chain.


OKChain Testnet Now Live

The OKEx Team Said

“In the era of blockchain, we must embrace openness and complete decentralization. We want to build a decentralized and open public chain to empower every participating node with the same power to run and issue decentralized apps freely, that’s why we started to build OKChain.” “Our goal is to be as decentralized as Bitcoin, to build a highly efficient public chain that can be used by anyone around the world, to create a truly borderless ecosystem.”


OKChain Features

OKChain is a decentralized public chain that supports different decentralized applications and allows users to give their own cryptocurrencies, create trading  pairs, and trade freely on it.


Some special features include:

  • Multi-chain Development
  • Data Layering

Ecological Development

The OKChain advancement team aims to manufacture an open and self-sufficient biological ecosystem on OKChain to accomplish the huge-scale commercial application of blockchain technology.

  • OKChain allows users to give their own cryptocurrency on the public chain. OKEx will also relocate OKB and USDK to OKChain;
  • Users can fabricate their own decentralized exchange and customize what assets and trading pairs they want to list.


Using the testnet

So as to improve the performance of the OKChain testnet as the fundamental infrastructure in the decentralized field, all clients are invited to experience the power of OKChain. Participating users can receive free OKT testnet coin too!


Embracing a Delegated Proof of Stake consensus mechanism, OKEx has given OKT as native token of OKChain. The issuance of OKT will be on the genesis block and node block, and is expected to increase by one to five per cent yearly.


2.Binance Adds Peer-to-Peer (P2P) Trading for Russian Ruble (RUB).

Binance, the main worldwide cryptocurrency exchange and blockchain ecosystem, has  announced the launch of peer-to-peer (P2P) trading services for the Russian Ruble (RUB). The announcement is published via  Binance official blog post on February 11, 2020.


Users would now be able to trade rubles directly with bitcoin (BTC), ether (ETH), tether (USDT) and binance coin (BNB) without any transaction fees.


Binance CEO Changpeng “CZ” Zhao said:-

“Russia is a vibrant market for blockchain and crypto advancement. We strive to provide our Russian users with easy fiat-to-crypto access,” said . “P2P trading provides an open marketplace and more flexible access for users to trade multiple cryptocurrencies with other users or merchants in the payment methods they prefer. “Via the Binance P2P trading platform, our users can enjoy instant and secure trades with zero transaction fees and 24-hour customer support.”


Binance Adds Peer-to-Peer (P2P) Trading for Russian Ruble (RUB).


For example, crypto-to-fiat trading is prohibited  in China since 2017, yet P2P platforms facilitate crypto trades. Binance’s P2P platform supports Chinese yuan (CNY), Vietnamese dong (VND), and now rubles for buying and selling BTC, ETH, BNB and USDT.


Binance P2P serves as a worldwide platform for users with fiat access to trade and earn money. In 2020, Binance P2P will include more fiat and cryptocurrencies trading options for users in more countries and regions.


About Binance P2P

Binance Peer-to-Peer (P2P) gives simple access to cryptocurrency through a consumer-to-consumer (C2C) or business-to-consumer (B2C) model and better trading experience for users.


Download the Binance iOS app or Binance Android app  to trade peer-to-peer via Binance P2P with zero transaction fees.

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