Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

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.

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.

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blockchain

Move and earn leader STEPN drops new app and gaming token

Published

on

move-and-earn-leader-stepn-drops-new-app-and-gaming-token

FSL, the global gaming and development studio behind web3 lifestyle app STEPN, NFT marketplace MOOAR, and social-strategy game Gas Hero, has officially announced the launch of STEPN GO. The new product is a social lifestyle app that rewards your daily movement and social interactions. Today marks an exciting milestone with the release of the STEPN GO Whitepaper and Tokenomic model. The game introduces a new token, GO GAME TOKEN (GGT), which users can earn by walking, jogging, and running with digital NFT Sneakers. There will also be a PvP game feature that allows users to earn GMT, the FSL Ecosystem token.

The original STEPN app was launched in 2021 and remains the world’s leading ‘Move and Earn’ application, pioneering the genre of gamified web3 fitness applications. With over 5.6 million registered users and over 1 million Sneaker NFTs owned by players, STEPN achieved monumental success, acquiring a global community. STEPN has partnered with prolific brands over the years including ASICS, Steve Aoki, and most recently adidas. STEPN was also the first blockchain gaming app to integrate Apple Pay, creating a seamless onboarding experience for web2 native users.

Yawn Rong, Co-Founder of FSL commented, “The STEPN community has been requesting social features within the app since the early days of STEPN. Therefore, we’re so excited to reveal these new features, which will propel STEPN GO into mainstream adoption. In addition to the Haus Mechanism and Interactive Map, we will also implement PvP elements within the app. Community is at the heart of everything we do at FSL, and we are ecstatic to announce this monumental milestone today, reinforcing our commitment to empowering and engaging our users.”

Building on the success of STEPN, FSL has designed unique social features within STEPN GO. The first key social element is the ‘Haus System’, which is a lending system that allows users to share their Sneaker NFTs with friends and family members who are new to the app, and split their earnings. This system will enable easy onboarding for new users to enjoy the app and kickstart their fitness journey. Another unique feature will be the ‘Interactive Map’, which will allow users to see other players’ avatars and even add them as friends within the platform. This Interactive Map will also allow users to drop messages that can be found by other players out doing STEPN GO runs.

Jerry Huang, Co-Founder of FSL added, “With STEPN GO, anyone can onboard their friends and family to web3 without needing to create a wallet or even buy NFTs. Exercise will be more fun and rewarding. We will combine fitness with many enjoyable experiences, including having your own customizable avatars with unique outfits!”

The Alpha Version of STEPN GO is set to launch by Q3 2024 with a Sneaker NFT Alpha Prize Draw lasting one month. A total of 3,000 Sneaker NFTs will be distributed within the app. To enter, users will be required to lock GMT. Access to the Alpha Prize Draw will be limited to FSL ID users, ensuring the most loyal FSL community members are rewarded. An additional 2,000 Sneakers will also be given away via the STEPN X account and STEPN GO Discord. Make sure to follow STEPN on X for your chance to win a Sneaker and gain early access.

The post Move and earn leader STEPN drops new app and gaming token appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

CBiGroup Completes $15M Series A Funding, Focuses on R&D

Published

on

cbigroup-completes-$15m-series-a-funding,-focuses-on-r&d

CBiGroup Completes $15M Series A Funding, Focuses on R&D

Continue Reading

Blockchain

Correction: CBiGroup Completes $15M Series A Funding, Focuses on R&D

Published

on

correction:-cbigroup-completes-$15m-series-a-funding,-focuses-on-r&d

CBiGroup Completes $15M Series A Funding, Focuses on R&D

Continue Reading
Advertisement
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