You can now buy 10 additional tokens – Badger Finance (BADGER), DYDX Exchange (DYDX), Ampleforth (FORTH), Kusama (KSM), Immutable X (IMX), Mask Network (MASK), Mina Protocol (MINA), Numeraire (NMR), Storj (STORJ), and 0x (ZRX) – on Okcoin. Here’s what these projects are all about, in simple terms. 👇
- What? You can now buy BADGER, DYDX, FORTH, KSM, IMX, MASK, MINA, NMR, STORJ, and ZRX against USD and EUR on Okcoin.
- Who? All Okcoin customers in the United States and EU. None of the above listed tokens are available to residents of Singapore or Brunei.
- When? Deposits are live as of Wednesday, December 14 at 7pm PT. Withdrawals and quick buy will be live soon.
What’s Badger DAO (BADGER)?
Badger DAO was created to build products and infrastructure to enable Bitcoin to be used in Decentralized Finance (DeFi) on Ethereum, Arbitrum, Fantom, BNB Chain, and Polygon. Badger DAO offers yield-generating vaults where users can buy specific assets and liquidity provider (LP) tokens used in yield-generating strategies, including lending, liquidity providing, and yield farming.
What’s dYdX (DYDX)?
dYdX is one of the world’s largest decentralized exchanges. It offers perpetual trading options for over 35 popular cryptocurrencies including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and Cardano (ADA).
What’s Ampleforth (FORTH)?
Ampleforth is a decentralized finance (DeFi) infrastructure protocol built on Ethereum and based around the algorithmically priced token, AMPL. The price of AMPL targets the purchasing power of the 2019 US Dollar adjusted for the Consumer Price Index (CPI). It is designed so that its supply increases or decreases in direct correlation with market demand for the token. FORTH tokenholders govern the DAO and the Ampleforth ecosystem.
What’s Kusama (KSM)?
Kusama (KSM) is a layer-1 blockchain running on a Nominated Proof-of-Stake (NPoS) consensus mechanism. Developers can test new features of their decentralized applications (dApps) on Kusama parachains before implementing the dApps on Polkadot. KSM can be used to stake tokens as validators or nominators, participate in protocol governance, and support new parachains.
What’s Immutable X (IMX)?
Immutable X is a Layer-2 scaling solution for Ethereum that focuses on NFTs and game economies. The protocol was built using StarkWare’s STARK-based validity proofs and Zero-Knowledge (ZK) Rollups, and is designed to allow users to transfer, exchange, and mint NFTs on Ethereum with no gas fees. IMX is the platform’s in-app token that’s used to vote on governance proposals, stake to earn rewards, pay platform transaction fees, purchase NFTs in the Immutable X Marketplace, and may provide users with daily rewards.
What’s Mask Network (MASK)?
Mask Network is a middleware infrastructure network that bridges Web2 social media platforms with the Web3 ecosystem, providing user privacy benefits. Users can send messages or tweets and make them viewable only to certain individuals. Additionally, users can transact in crypto within the network. MASK is the governance and in-app token for the Mask Network.
What’s Mina Protocol (MINA)?
Mina Protocol is a lightweight Layer-1 blockchain that uses zk-SNARKs and a Proof-of-Stake (POS) consensus model called Ouroboros Samasika and a parallel scan state to confirm transactions more quickly than it otherwise would be able to.
What’s Numeraire (NMR)?
Numeraire (NMR) powers Numerai, an asset management project that crowdsources predictions on stock market movements from data scientists worldwide and makes decisions based on that data. Users submit predictions on stock market movements and stake ERC-20 NMR tokens via the signals page to compete in Numerai Tournaments against other users in hopes of earning NMR rewards.
What’s Storj (STORJ)?
Storj is a decentralized cloud storage platform built on the Ethereum network through which users can upload and store data across 14K storage nodes. Node hosters can use free space on their hard drives to store data for users through Storj, earning Storj tokens in return. Users looking to store their data through Storj receive secure storage at a low price, which may be a fraction of the price of, and have greater decentralization than, traditional cloud providers.
What’s 0x (ZRX)?
0x provides decentralized exchange (DEX) infrastructure that facilitates the trading of crypto assets on multiple blockchains, namely Ethereum, Avalanche, BNB Chain, Celo, Fantom, Polygon, and Optimism. 0x is not itself a DEX; rather, it is a system of open-source smart contracts that connects liquidity providers and market makers in order to provide exchange functionality in a range of applications.
Disclaimer: Nothing in this blog is a solicitation to buy or sell digital assets. Okcoin does not endorse any particular digital asset or strategy. Digital asset holdings involve a high degree of risk, can fluctuate greatly on any given day, and may even become worthless. You should carefully consider whether trading or holding digital currencies is suitable for you in light of your financial condition. Okcoin does not provide legal, tax, investment, or other advice. Please consult your legal/tax/investment professional for questions about your specific circumstances.