Crypto change OKX’s utility token OKB is skyrocketing as we speak. The 24-hour high and low are $45.29 and $54.49, rallying over 20% up to now 24 hours. Moreover, the buying and selling quantity has jumped 330% within the final 24 hours, supporting a robust upside momentum. The OKB price is at the moment buying and selling at $54.04 at press time, with extra rallies anticipated within the coming days.
OKX Pronounces SUI Token Sale
The huge upside transfer got here after OKX announced help for the SUI token sale. OKX will begin providing the SUI token by means of its main token gross sales platform OKX Jumpstart within the type of a token allocation lottery on April 23. Customers want to carry OKB tokens from April 20-22 so as to get SUI tokens. The variety of tokens out there are 225 million and the sale worth is $0.1.
OKX Pockets’s strategic partnership with Sui Community permits customers to entry Sui ecosystem initiatives and take part in airdrops and initiatives.
🌊 Prepare for the Suinami 🌊
📢 Introducing the long-awaited #OKX Jumpstart — $SUI$SUI is the native token of @SuiNetwork, a Layer 1 blockchain developed by @Mysten_Labs for the following billion customers 💧⛓️
🗓️ Get entangled along with your $OKB on Apr 20 (UTC) ⤵️
— OKX (@okx) April 14, 2023
Crypto exchanges similar to OKX, Bybit, and KuCoin introduced that they are going to record SUI Token and launch a subscription mechanism, as a substitute of an airdrop. Allowlisted customers that contribute to the ecosystem should purchase SUI from a pool at a really low worth.
In September final yr, the SUI growth staff Mysten Labs accomplished $300 million in financing at a $2 billion valuation by FTX Ventures, Binance Labs, Coinbase Ventures, Circle Ventures, and Lightspeed Enterprise Companions.
Furthermore, OKX might be one of many greatest exchanges to learn from Hong Kong’s aggressive transfer to evolve right into a crypto hub. Institutional traders from Hong Kong are more likely to commerce on OKX to purchase crypto for the primary time.
On March 28, OKX set up an entity in Hong Kong for offering digital asset companies. The newly established OKX entity will apply for the digital asset service supplier (VASP) license beneath the Anti-Cash Laundering and Counter-Terrorist Financing (Modification) Ordinance 2022 and the Sort 1 & 7 licenses beneath the Securities and Futures Ordinance.
Additionally Learn: Do Kwon Knew About Terra Luna Collapse Beforehand
The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.