Jay Hao, CEO of OKEx, at the Malta Stock Exchange private event in October, 2019 OKEx
The largest and most diverse cryptocurrency marketplace, OKEx, revealed its 14th token sale effort, involving the WaykiChain Governance Coin (WGRT). The launch will be on June 17, 2020, as part of the OKEx Jumpstart platform. WGRT is devoted to preserve the stability and security of the WaykiChain DeFi ecosystem, and bring transparent decentralized collateral lending services for users from all around the world.
Based in Malta, OKEx is the largest cryptocurrency spot and derivatives exchange in the world. It provides trading investors with great flexibility in formulating their strategies and enables them to maximize gains and reduce risks.
Since it launched in 2019, WaykiChain successfully established a decentralized collateral lending platform using a bi-token architecture. What is innovative is that, each WGRT holder is able to take part in the alteration of system parameters and the governance of operation rules as this is an essential part of the WaykiChain DeFi ecosystem. For those who are not aware, WaykiChain is also issuing a stablecoin fixed to USD – WUSD.
Jay Hao, CEO of OKEx, commented on the launch:
“We believe that DeFi is one of the most important applications of blockchain technology, while stablecoin is the bridge between DeFi and traditional finance, which helps users participate in DeFi at a lower cost to fulfill their financial needs. We are glad to cooperate with projects like WGRT, to jointly promote the development of DeFi, letting more people benefit from blockchain technology.”
With a total supply of 21 billion WGRT, OKEx Jumpstart will offer one WGRT for $0.003 USDT. The private sale price from WGRT is $0.01 USDT/WGRT, with a minimum subscription amount of 100 thousand WGRT. Subscription and settlement must be done in OKB, as the only accepted token.
Users will be able to participate in two subscription sessions, both with an individual cap of 1,333,334 WGRT. The first, OKBelievers Exclusive Allotment Session will commence at 4:00 (UTC), while the OKTraders Privilege Allotment Session commences at 5:00 (UTC). Both have no over-subscription limit.
The WGRT/USDT and WGRT/USDK spot trading pairs will be accessible, after the token sale, at 7:00 and 9:00 Jun 17, 2020 (UTC) respectively.