Against Fake Volume Allegation: OKEx Distributes $5M Trading Commissions to Users Weekly

Lately, there seems allegation upon the buying and selling quantity of OKEx, a world-leading digital asset change. Nevertheless, the allegation itself is invalid for the issue to gather the correct information of buying and selling quantity as an individual and even media retailers, not to mention exchanges like OKEx with futures buying and selling and API transaction.

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What’s extra, there is a crucial reality want to be talked about. It’s reported that OKEx has launched a program named Pleased Friday, a bonus distribution marketing campaign that to give away 50% of its buying and selling price to OKB (OKEx platform token) holders weekly. This system has distributed roughly $5 million final week. If OKEx has washed commerce grossly to attain the amount which at present listed on CMC, meantime the weekly bonus remained $5 million; the change will want to pay many of the bonus to customers with its personal cash, then why would OKEx make faux quantity? That doesn’t make any sense.

The Pleased Friday marketing campaign talked about above is a program launched by OKEx to distribute 50% of weekly transaction price as BTC bonus each Friday to customers holding OKB. The quantity is predicated on the proportion of OKB the person holds. Since launched, the Pleased Friday marketing campaign turned well-liked amongst OK customers worldwide, and the mega bonus pool has as soon as reached up to 2,000 BTC.

OKEX, as one of many prime crypto exchanges by quantity, 24H buying and selling quantity reached $872 million on CoinMarketCap (14th, Sep.), and $5.07 billion on AICoin (14th, Sep.), the most well-liked web site about crypto data in China. The previous lists solely token-trading whereas AICoin information the entire quantity together with futures buying and selling.

Taking the information on CoinMarketCap as fundamental quantity and zero.02%, the bottom price as customary (which is hardly doable), due to this fact, the every day buying and selling price is $174,550, whereas the quantity of weekly bonus pool could be $610,925 (of solely token-trading), which is able to all be distributed to OKB holders.

The information confirmed is predicated on the bottom price of buying and selling price loved by the highest-level member, and the buying and selling quantity exclude futures buying and selling, which is almost all income supply of OKEx. In accordance to AICoin, the entire buying and selling quantity up to now 24H is $5.07 billion, so the 24H futures buying and selling quantity could be $four,197,248,301. Assuming the buying and selling price price remains to be zero.02%, then the every day buying and selling price is $839,450, and the quantity of weekly bonus pool could be $2,938,075, which might all distributed to OKB holders as properly.

In accordance to the information calculated above, customers can recover from 1,200 BTC every week from the OKEx Pleased Friday marketing campaign. On the similar time, the eligibility is even straightforward to meet that you just simply want to maintain a minimum of 100 OKB to get pleasure from mega bonus.

As to OKB, it’s a international utility token issued by OK Blockchain Basis to join potential digital asset initiatives to OKEx customers in addition to skilled buyers, creating an OKEx ecosystem that helps to advance the event of blockchain know-how and the digital asset trade.

Totally different from tokens from different platforms, OKB has a fantastic roadmap together with however not restricted to the applying of packages akin to Pleased Friday, International Associate, Prime Investor, OK Associate Change and so forth., in addition to the world’s first index product OK06ETT. The overall accessible provide of OKB is 1 billion, a few of which can be locked up with these packages in the meantime the worth of OKB can be added. 60% of the circulation quantity can be given to OKEx customers for group constructing by way of advertising campaigns, which permits OKB holders to get pleasure from varied privileges and the growing revenue for long run.

*The present worth of OKB is $1.23, which is close to the historic low level and price to make investments.

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