1.OKEx Launches Stablecoin ‘USDK’ in Partnership with Prime Trust
2. Block.One Is Launching a Social Media Platform on the EOS Blockchain
1.OKEx Launches Stablecoin ‘USDK’ in Partnership with Prime Trust
OKLink, the Hong-Kong based global settlement arm of cryptocurrency exchange OKEx, is launching its own stablecoin today.
The launch of the stablecoin, known as USDK, will occur in partnership with the launch of United States-based crypto custodian Prime Trust. Prime Trust is additionally one of the trust companies in charge of the escrow accounts that hold the collateral for TrueUSD, another stablecoin; the firm also empowers fiat trading on Singapore-based crypto exchange Huobi.
The compliant stablecoin $USDK is now listed on OKEx!
To celebrate the occasion, a special offer will be launched real soon. Stay tuned!
Learn more: https://t.co/KrjArOqliV pic.twitter.com/KOLZII4ABw
— OKEx (@OKEx) June 3, 2019
The launch of the USDK business was confirmed when OKLink posted copies of the partnership agreement on Twitter.
Leap Holdings Group Limited (https://t.co/jHEQd9NuJL) officially announced today its subsidiary company OKLink Fintech Limited (OKLink) has signed an agreement with Prime Trust, LLC (Prime Trust) to launch the USDK business. pic.twitter.com/CZqjq8PDzA
— OKLink (@OKLink) June 2, 2019
OKEx is the world’s second-biggest cryptocurrency exchange by adjusted daily trading volumes, having processed the equivalent of $1.8 billion in trades over the last 24 hours.
Star Xu, founder of OKEx and OKCoin exchange services providers, originally announced the partnership between the two companies and plans to launch the stablecoin at the end of March.
I’m very excited about the strategic partnership with @PrimeTrustCo. We will carry out an in-depth collaboration and offer diverse, secure and regulatory compliant services with Prime Trust. I look forward to leveraging our synergies. https://t.co/omrIt2SI5j
— Star Xu (@starokcoin) March 28, 2019
2.Block.One Is Launching a Social Media Platform on the EOS Blockchain
The parent organization behind Eos (EOS), Block.one has presented a blockchain based social media platform called Voice. The platform focuses on rewarding the users for original content while maintaining complete transparency. The announcement was made via an official tweet by Block.one:
Introducing Voice – social as it should be https://t.co/0qYiE2HYsy
— block.one (@block_one_) June 2, 2019
In the press release, the CEO of Block.one, Brendan Blumer, compared Voice with traditional social media platforms, saying:
“The truth is, current social media platforms are designed to use their users. Just look at the business model. Our content. Our data. Our attention. These are all incredibly valuable things. But right now, it’s the platform, not the user, that reaps the reward.”
Being based on the EOS Public Blockchain, which runs on the EOSIO protocol, means that communications on Voice will be public, allows for transparency to be a core part of the experience. Everyone –the user, to contributor, the platform –plays by the same rules. No hidden algorithms, no invisible interests.
Block.one also announced substantial upgrades going to the EOSIO protocol, Version 2. With its first iteration released a year ago, EOSIO 2 will introduce EOS-VM, an update to the software that permits the processing of smart contracts 12 times faster than EOSIO 1.0. EOS-VM is a WebAssembly Engine designed specifically for blockchain smart contracts.
Block.one has also jointly announced a collaboration with Coinbase to educate its user base on the EOSIO software through their Coinbase Earn program. This “earn as you learn” online course will educate users on the benefits and functionality of EOSIO.
