OKCoin is one of the first licensed exchanges to support UNI with a USD pairing along with BTC airdrops for customers who trade DeFi assets
Today we’re pleased to announce support for UNI, a popular decentralized finance (DeFi) token native to the Ethereum-based decentralized exchange (DEX), Uniswap. UNI trading will go live today, September 21st, at 11pm PDT.
We are also preparing to list Compound Finance’s cTokens: cUSDC and cUSDT. These assets add to a growing list of DeFi tokens on OKCoin including COMP, DOT, and YFI. As part of these listings, we are also introducing our DeFi airdrop program where we’ll reward select customers with BTC airdrops between $25-$100. Simply trade any of these newly listed DeFi tokens to participate in the #OKCoinAirdrops — details below.
Listing Uniswap (UNI) & cTokens (cUSDC, cUSDT)
UNI is a governance token with the ability to govern the direction of the Uniswap exchange, the leading decentralized exchange protocol on the Ethereum blockchain. The UNI token enables shared ownership of implementation of the Uniswap governance system. Development of the Uniswap protocol and broader Uniswap ecosystem is facilitated by the governance system.
Uniswap allows anyone to easily and permissionlessly swap assets, with only internet access, an Ethereum wallet, and ETH, or other ERC20 token.
Compound Finance cTokens (cUSDC and cUSDT)
Referred to as cTokens, together cUSDC and cUSDT fuel Compound protocol’s lending platform. cTokens are assets used on the backend of Compound Finance that support the Compound protocol. Users can capture value with cTokens based on a regular schedule of interest that is accrued annually. cTokens are considered steady assets because they lack volatility and have a built in system of interest appreciation.
Launching OKCoin Airdrops
To celebrate our expanding DeFi offering, we’re launching an airdrop for early traders of our DeFi assets: UNI, COMP, DOT, and YFI. Be one of the first traders to buy / sell newly listed DeFi assets and receive $25 or $100 of BTC airdropped to your OKCoin account.
Here’s how it works:
$25 BTC: Trade any DeFi token on OKCoin to qualify for the airdrop
Trade any newly listed DeFi token on OKCoin, tweet us, and you’ll qualify for our weekly #OKCoinAirdrop Fridays. Every Friday, OKCoin will randomly select 100 #DeFi token traders to receive $25 worth of BTC.
Start trading COMP, DOT, YFI to participate in the airdrop now. UNI goes live with support for deposits and trading September 21st 2020 at 11pm PDT. Trading for cTokens will go live soon.
$100 BTC: Trade $1,000 of any newly listed DeFi token to qualify for the airdrop
Be one of the first 5 users to trade a total of $1,000 or more in any of our newly listed DeFi assets (as defined below), and you’ll receive a $100 bonus in BTC on us. Buy, sell, or trade any combination that adds up to $1,000 in trades of the DeFi Token of your choice. Just be one of the first 5, and you’ll receive $100 in BTC. Start tweeting.
Please refer to our airdrop support page and general terms & conditions for additional guidance.