Crypto trade OKX’s utility token OKB is skyrocketing as we speak. The 24-hour high and low are $45.29 and $54.49, rallying over 20% prior to now 24 hours. Moreover, the buying and selling quantity has jumped 330% within the final 24 hours, supporting a robust upside momentum. The OKB value is at the moment buying and selling at $54.04 at press time, with extra rallies anticipated within the coming days.
OKX Publicizes SUI Token Sale
The huge upside transfer got here after OKX announced assist for the SUI token sale. OKX will begin providing the SUI token by means of its main token gross sales platform OKX Jumpstart within the kind of a token allocation lottery on April 23. Customers want to carry OKB tokens from April 20-22 in an effort to get SUI tokens. The variety of tokens obtainable are 225 million and the sale value is $0.1.
OKX Pockets’s strategic partnership with Sui Community allows customers to entry Sui ecosystem tasks and take part in airdrops and initiatives.
🌊 Prepare for the Suinami 🌊
📢 Introducing the long-awaited #OKX Jumpstart — $SUI$SUI is the native token of @SuiNetwork, a Layer 1 blockchain developed by @Mysten_Labs for the subsequent billion customers 💧⛓️
🗓️ Get entangled along with your $OKB on Apr 20 (UTC) ⤵️
— OKX (@okx) April 14, 2023
Crypto exchanges resembling OKX, Bybit, and KuCoin introduced that they’ll listing SUI Token and launch a subscription mechanism, as a substitute of an airdrop. Allowlisted customers that contribute to the ecosystem can buy SUI from a pool at a really low value.
In September final 12 months, the SUI improvement crew Mysten Labs accomplished $300 million in financing at a $2 billion valuation by FTX Ventures, Binance Labs, Coinbase Ventures, Circle Ventures, and Lightspeed Enterprise Companions.
Furthermore, OKX will likely be one of many largest exchanges to learn from Hong Kong’s aggressive transfer to evolve right into a crypto hub. Institutional traders from Hong Kong are prone to commerce on OKX to purchase crypto for the primary time.
On March 28, OKX arrange an entity in Hong Kong for offering digital asset providers. The newly established OKX entity will apply for the digital asset service supplier (VASP) license below the Anti-Cash Laundering and Counter-Terrorist Financing (Modification) Ordinance 2022 and the Sort 1 & 7 licenses below the Securities and Futures Ordinance.
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