Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

CoinDCX’s Okto To Launch Blockchain And OKTO Token

Published

on

coindcx’s-okto-to-launch-blockchain-and-okto-token

CoinDCX, a prominent cryptocurrency exchange based in India, is set to launch its new blockchain platform along with an associated token called OKTO. This move represents a significant expansion for CoinDCX, aiming to establish itself more firmly in the decentralized finance (DeFi) ecosystem and beyond.

Key Highlights
Introduction of OKTO Blockchain: CoinDCX’s new blockchain, OKTO, is designed to offer enhanced scalability, security, and interoperability. The platform aims to support a wide range of decentralized applications (dApps), providing a robust infrastructure for developers and businesses alike.

Launch of OKTO Token: Alongside the blockchain, CoinDCX is introducing the OKTO token, which will serve as the native currency of the OKTO ecosystem. The token is expected to play a crucial role in various network activities, including transaction fees, governance, and staking.

Focus on DeFi and Beyond: The OKTO blockchain is geared towards DeFi applications but is versatile enough to support other use cases such as supply chain management, gaming, and digital identity. This broader focus is intended to attract a diverse range of projects and users to the platform.

Advertisement

Benefits and Features of OKTO
High Performance and Scalability: OKTO blockchain is built to handle a large number of transactions per second, ensuring smooth and efficient operations for dApps. This high performance is critical for supporting complex DeFi protocols and other applications that require fast transaction processing.

Enhanced Security: Security is a top priority for OKTO. The blockchain employs advanced cryptographic techniques and consensus mechanisms to protect against hacks and ensure the integrity of the network.

Interoperability: OKTO aims to facilitate seamless interaction with other blockchain networks. This interoperability is crucial for creating a connected ecosystem where assets and data can move freely across different platforms.

Community Governance: The OKTO token will enable community-driven governance, allowing token holders to vote on important decisions regarding the development and management of the blockchain. This democratic approach ensures that the network evolves in a way that aligns with the interests of its users.

CoinDCX’s foray into launching its own blockchain and token is part of a broader strategy to diversify its offerings and create a more integrated ecosystem. By providing a proprietary blockchain platform, CoinDCX aims to attract developers and businesses looking for reliable and efficient infrastructure for their decentralized applications.

Advertisement

This initiative also underscores CoinDCX’s commitment to innovation and leadership in the cryptocurrency space. The launch of the OKTO blockchain and token is expected to strengthen the company’s position in the market and open up new opportunities for growth and collaboration.

As CoinDCX rolls out the OKTO blockchain and token, the industry will be watching closely to see how this new platform performs and what kind of adoption it garners. With its focus on high performance, security, and interoperability, OKTO has the potential to become a significant player in the blockchain and DeFi landscapes.

The success of OKTO will likely depend on its ability to attract a vibrant community of developers, users, and projects. If CoinDCX can deliver on its promises and create a thriving ecosystem around the OKTO blockchain, it could set a new standard for blockchain platforms and further cement its reputation as a leading innovator in the crypto world.

Source: cryptodaily.co.uk

The post CoinDCX’s Okto To Launch Blockchain And OKTO Token appeared first on HIPTHER Alerts.

Advertisement
Continue Reading
Advertisement

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

Published

on

bybit-expands-bbsol-yield-opportunities-through-strategic-defi-partnerships
Continue Reading

Blockchain

This Week in Finance News: 11 Stories You Need to See

Published

on

this-week-in-finance-news:-11-stories-you-need-to-see

 

With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

Advertisement

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

Continue Reading

Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

Published

on

fintech-as-a-service-market:-a-comprehensive-trends-analysis-predicts-a-usd-1,32912-billion-by-2032-cagr:-17.4%-|-pmr
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE