OKX Announces New Platform And Partnerships; OKB Shows No Significant Movement
13 Mayo 2023 - 5:30AM
NEWSBTC
OKX Wallet has announced the launch of its new platform,
Cryptopedia, and its partnership with protocols, Radiant and
Marinade. This announcement would come following wide discussions
about the waning influence of Binance, the world’s largest
cryptocurrency exchange. Related Reading: PEPE Goes To The Moon:
Meme Coin Listed On OKX, Binance Listing In the Works? OKX Launches
Cryptopedia; Partners With Radiant And Marinade In a
GlobeNewswire press release dated May 13th, 2023, OKX Wallet
disclosed the launch of Cryptopedia, a Web3 learn-to-earn and
airdrop platform. This new platform aims to help users easily
identify and access Web3 projects and dApps. Cryptopedia will also
enable users to unlock additional airdrops and gain extra
rewards. The first Cryptopedia issue, which is focused on the
zkSync theme, provides users with the opportunity to receive zkSync
airdrops and other related airdrops. Users will also have the
chance to collect non-fungible tokens jointly created by OKX Wallet
and zkSync. zkSync is a Layer-2 scaling solution designed to
enhance transaction speed and reduce cost on the Ethereum network.
As the name suggests, this protocol is based on the zero-knowledge
(zk) concept. In the press release, OKX Wallet also announced its
partnership with two protocols, namely Radiant and Marinade. Its
collaboration with Radiant, a decentralized lending protocol native
to Arbitrum and BNB Chain, will allow users to access Radiant’s
lending service via the OKX Wallet plug-in and Discover platform.
With Radiant, users are able to borrow a variety of digital assets
across multiple chains against their own assets on one chain.
Marinade, on the other hand, is a non-custodial liquid staking
derivatives (LSD) protocol on the Solana network. Similar to
Radiant, this partnership will facilitate users’ access to
Marinade’s liquidity staking service via the OKX Wallet plug-in and
Discover platform. OKB Shows No Significant Price Action The OKB
coin is the utility token of the OKX ecosystem. From trading fee
discounts to passive income, there are a few benefits that holders
of this token get to enjoy. And it appears that the growth of the
OKX ecosystem has some links to OKB price. That said, it is
somewhat too early to tell what the impact of these partnerships
will be on the price of OKB. Moreover, there has been no
significant price movement in the OKB market since the announcement
was made. A broader look at price action reveals that the OKB
market has been moving sideways in the last few weeks. According to
data from CoinGecko, the token’s value dipped by a measly 2.1% in
the past seven days. As of this writing, an OKB coin changes hands
at $44.82, tallying only a 2.6% price rise in the last 24 hours.
OKBUSD trading at $44.821 | Source: OKBUSD chart from TradingView
Related Reading: OKB (OKB) and Tron (TRX) Could Suffer from SEC
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image from GetBlock.net, chart from TradingView
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