OKEx to launch IEO platform JumpStart, OKB surges

04 Apr, 2019 | Updated: 04 Apr, 2019
by Alberto Arnaldo
News
OKEx to launch IEO platform JumpStart, OKB surges

OKEx is the latest exchange to inaugurate an IEO platform. Jumpstart is the name, and it will be hosting Blockcloud ($BLOC) as its first project, wich will hopefully be sold out one week from now.

Much like all remaining exchanges which have created similar platforms, the native token of OKEx, namely the ethereum-issued OKB, will be the only form of payment accepted for this sort of pre-sale format which has taken over the position which ICO’s used to hold in 2017 and 2018.

As the above chart, extracted from CoinGecko shows, the OKB token has benefited greatly after the latest news. According to the exchange’s support section, those holding more than 500 OKB for at least 7 consecutive days, starting today, will be eligible for participation on the token sale, which has been scheduled for the 10th of April.

Those who fulfill the OKB holding conditions, will be eligible for participating in an allotment, where their participation coefficient will be multiplied up to 5 depending to the quantity of OKB held, up to a maximum allotment calculation base amount of 2,500 OKB. 

Read more: OKEx exec: "There is a lot of suspicious trade activity on OKEx"OK Coin announce partnership with Prime Trust to launch OKUSD stable coin

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Read more about: OKEX Ethereum (ETH)

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