Seychelles-based cryptocurrency exchange OKX (formerly OKEx) founder Star Xu, new blockchain network OKBChain officially announced.
The new crypto network is already Ethereum will be completely independent from OKXChain, which operates based on CEO Xu announced that OKBChain will be active at the end of the first quarter of the year.
Built on the Ethereum network, the current network OKXChain is an EVM-compatible layer-1 blockchain platform. Developers new via OKXChain DeFi And Web3 He worked hard to enable his projects to come to life.
Exchange officials have long worked on an independent cryptocurrency network like Binance Chain to go one step further. According to CEO Star Xu, the new blockchain project OKBChain will be completely different:
“Our legacy blockchain network, OKXChain, is a PoS chain that has gone through open development. We completely undertook the development process of OKBChain.”
OKB, the native token of OKX exchange, continued to rise after the new chain announcement.
OCD Price
OKB gained 8.60% during the day after Star Xu’s early morning announcement.
$OKB has appreciated 110% since the first day of 2023, making its investors smile. It is currently trading at $49.42.
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