Crypto trade OKX’s utility token OKB is skyrocketing at this time. The 24-hour high and low are $45.29 and $54.49, rallying over 20% previously 24 hours. Furthermore, the buying and selling quantity has jumped 330% within the final 24 hours, supporting a powerful upside momentum. The OKB price is at the moment buying and selling at $54.04 at press time, with extra rallies anticipated within the coming days.
OKX Announces SUI Token Sale
The large upside transfer got here after OKX announced help for the SUI token sale. OKX will begin providing the SUI token by its main token gross sales platform OKX Jumpstart within the type of a token allocation lottery on April 23. Users want to carry OKB tokens from April 20-22 with the intention to get SUI tokens. The variety of tokens obtainable are 225 million and the sale worth is $0.1.
OKX Wallet’s strategic partnership with Sui Network allows customers to entry Sui ecosystem initiatives and take part in airdrops and initiatives.
???? Get prepared 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 concerned along with your $OKB on Apr 20 (UTC) ⤵️
— OKX (@okx) April 14, 2023
Crypto exchanges akin to OKX, Bybit, and KuCoin introduced that they are going to checklist SUI Token and launch a subscription mechanism, as a substitute of an airdrop. Allowlisted customers that contribute to the ecosystem should buy SUI from a pool at a really low worth.
In September final 12 months, the SUI improvement group Mysten Labs accomplished $300 million in financing at a $2 billion valuation by FTX Ventures, Binance Labs, Coinbase Ventures, Circle Ventures, and Lightspeed Venture Partners.
Moreover, OKX will probably be one of many greatest exchanges to profit 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 set up 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 beneath the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 and the Type 1 & 7 licenses beneath the Securities and Futures Ordinance.
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