Blockcast.cc: Hi everyone, today we have Coco joining us in this OKEx Trading 101 session, Coco is the Overseas Marketing Manager of OKEx. I am the cofounder of Blockcast.cc, Jenny Zheng.
The 101 will start at 7pm sharp, and finished at 745pm, after which we will have 5 questions for you to answer. You need to use our link (https://okex.com/join/1931547518) to register an account to get the airdrops.
After these 5 questions, it is open for all to ask OKEx more questions. OKEx presenter will leave at 8pm sharp.
Welcome, Coco, good to have you here.
OKEx: Hello everyone, I am Coco, Overseas Marketing Manager from OKEx.
Nice to meet you guys here, now allow me to give you a simple introduction about OKEx.
Blockcast.cc: Can you give us some background of OKEx?
OKEx: Founded in 2017, and headquartered in Malta, the world's Block chain Island, OKEx has been a market leader in the blockchain and crypto industry in terms of trading volume.
Daily trading volume is around 1.5 billion USD, serving 20 million users from over 100 countries.
We have over 1000 employees based in our offices in Beijing, Hong Kong, U.S., Malta, Korea, Malaysia, and Japan.
Blockcast.cc: What kinds of products and services do you have?
As in products, we provide all kinds of crypto trading products, including
- Fiat
- Spot/Margin
- Derivatives
- Earn
- OKB
- OKEx Academy
- Fiat Gateway-Buy Crypto
- 6 mainstream tokens: Bitcoin (BTC), Ethereum (ETH), USDT, Ripple (XRP), Litecoin (LTC), and OKB. 30 fiat currencies across 180 + countries and areas, including USD, EUR, GBP, RUB, TRY, and more. Supports 6 most trustworthy payment channels, including Simplex, Koinal , Banxa , Koinal , Mercuryo , and MoonPay, to offer up to 17 payment options, covering VISA, MasterCard, bank transfer, Apple Pay, etc.
- Spot/Margin Trading: One of the world’s largest markets by volume, strong liquidity; Over 200 high -quality assets with more than 400 trading pairs; Margin trading available with up to 10 x leverage; Advanced API support for quantitative trading
- Derivatives
Perpetual Swap-No expiry - no need to roll over a contract；Offering leverage up to 100x to maximize one’s trading strategy; A funding mechanism is adopted to maintaining a reasonable price divergence between spot and Perpetual Swap markets
Options-Daily settlement - The profits of closed options positions can be transferred out every day；24 /7, API -supported trading, non -stop profit-making opportunity；Weekly, bi-weekly, quarterly, and bi - quarterly contracts are available to suit different needs
- Earn: Savings to grow their assets stored in Wallet, use Staking to hold coins to gain higher yield in OKEx Pool, or user Term Deposit to accrue passive income by fixed-term staking, creating stable gains regardless of market trends.
- OKB: OKEx GLOBAL UTILITY TOKEN
OKB has launched the 8th round of Buy-back & Burn between Mar 1 and May 31, 2020. The amount of OKB bought back and burned was 3,509,874.52 OKB, equivalent to USD 19,000,000 (according to the OKB price on June 2, 2020). As of today, we have already burned a total of 20,671,583.58 OKB, the current OKB in circulation is 279,328,416.42 OKB.
- Education: OKEx Academy- An open educational portal that provides a wide array of blockchain knowledge for everyone. Here you can learn all about blockchain, trading strategies, market analysis, and of course, tutorials for you to get started on OKEx
Blockcast.cc: OKEx has certainly tried to build awareness and educate people who want to know more about cryptocurrency.
OKEx: As the world-leading digital asset exchange, we have been taking steps to realize our mission and to bring many people’s imagination of blockchain to life.
We continuously strive to help traders, miners as well as institutional investors to optimize their investment strategies. While we do so, security has always been our top priority. OKEx provides a safe, reliable, and stable environment for digital assets trading via both web and mobile interface.
Like many of you, we believe that blockchain technology will eliminate transaction barriers, increase operational efficiency across financial systems, and eventually lead towards a significant paradigm shift in the global economy.
The blockchain and crypto industry is considered new and developing rapidly. Meanwhile, there are many potential projects are joining as part of the blockchain industry. To deliver our support for these new projects, OKEx also having token sale session for these potential projects in launching their tokens through OKEx Jumpstart program.
Blockcast.cc: Please tell us more about the Jumpstart program. What are the requirements to join?
OKEx: The requirements are simplets：
- KYC2 required
- Hold at least 100 OKB for 5 days before the subscription or Accumulated spot trading amount on OKEx (in BTC) is larger than 5BTC
- Based on OKB amount and trading volume, there will be a coefficient assigned to customers
- At time of subscription, use OKB to subscribe, OKB will be deducted and will receive JS tokens
- JS token will be listed to trade hours after subscription
Blockcast.cc: That is simple. Can you share with us the ROI and performances?
OKEx: AThe ROI and performance of the 13th OKEx Jumpstart token sale can be found at https://www.okex.com/academy/en/okex-jumpstart-13th-token-sale-recorded-300-surge.
Blockcast.cc: When is the 14th then?
OKEx: We are having 14th OKEx Jumpstart token sale soon for WGRT token at 17 June 2020. You may find out more about OKEx Jumpstart x WGRT (WaykiChain Governance Coin) at https://www.okex.com/support/hc/en-us/articles/360043824132
Blockcast.cc: Thanks for sharing. Tell us more about your KYC process.
OKEx: The security concern always comes first when we are talking about consumer rights protection. Hence, we require our users to complete KYC (Know Your Customer) for token withdrawal in order to take part in the anti-money laundering besides to better the platform sustainability for all of the stakeholders. Thus, we have designed multiple layers of KYC for every OKEx user and also diversified log in options on OKEx.
KYC Level and Limits |
||||
| Actions | Unauthenticated | KYC1 | KYC2(Current level) | KYC3 |
| Token Deposit | √ | √ | √ | √ |
| Token Withdrawal | × | 200 BTC (24h) | 500 BTC (24h) | 500 BTC (24h) |
| Token Trading | √ | √ | √ | √ |
| Futures Trading | √ | √ | √ | √ |
| Buy Crypto | × | Single transaction 500 USD | Single transaction 10,000 USD | Single transaction 100,000 USD |
Now, we also allow users to bind their OKEx account with social ID included Google account and Telegram account. It will be an easy way for you guys to log in the account and implement your trade decision faster through binding social id with OKEx account.
Blockcast.cc: Thanks for sharing Coco.
OKEx: Thanks Jenny. Your community is very active and has done their homework before this session.
Blockcast.cc: Yes we are indeed very active and trying to educate more people about blockchain and cryptocurrency. Thank you for being here.
(This information sharing can be found at Asia Blockchain Community #ABC- https://t.me/Blockcastcommunity. Additional videos and images on this sharing session can also be found on the channel.
Asia Blockchain Community (#ABC) is a channel run by Blockcast.cc Team and crypto enthusiasts who believe in the future of cryptocurrency.
We have over 2,800 members in the channel and growing. Visit us at https://t.me/Blockcastcommunity and say hi to us.
About OKEx:
The world’s largest and most diverse cryptocurrency marketplace, OKEx is where global crypto traders, miners, and institutional investors come to manage crypto assets, enhance investment opportunities, and hedge risks. We provide spot and derivatives trading, including futures, perpetual swap, and options, of major cryptocurrencies, offering investors great flexibility in formulating their strategies to maximize gains and mitigate risks.
About Blockcast.cc:
Blockcast.cc is a broadcasting news source for the blockchain community. Founded in South Korea and Singapore, Blockcast has a network of contributors in China, Hong Kong, South Korea, Singapore and Malaysia. Blockcast.cc aims to bring you the latest blockchain insights across the globe. Blockcast.cc has covered exclusive interviews from the United Kingdom, Dubai, Singapore, Hong Kong, China, the United States of America to South Korea.