OKX Announces New Platform And Partnerships; OKB Shows No Significant Movement

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OKX Pockets has introduced the launch of its new platform, Cryptopedia, and its partnership with protocols, Radiant and Marinade. This announcement would come following huge discussions concerning the waning affect of Binance, the world’s largest cryptocurrency alternate.

OKX Launches Cryptopedia; Companions With Radiant And Marinade

In a GlobeNewswire press launch dated Could thirteenth, 2023, OKX Pockets disclosed the launch of Cryptopedia, a Web3 learn-to-earn and airdrop platform. This new platform goals to assist customers simply determine and entry Web3 tasks and dApps. Cryptopedia will even allow customers to unlock further airdrops and achieve further rewards.

The primary Cryptopedia subject, which is concentrated on the zkSync theme, gives customers with the chance to obtain zkSync airdrops and different associated airdrops. Customers will even have the prospect to gather non-fungible tokens collectively created by OKX Pockets and zkSync.

zkSync is a Layer-2 scaling answer designed to boost transaction velocity and scale back price on the Ethereum community. Because the identify suggests, this protocol is predicated on the zero-knowledge (zk) idea.

Within the press launch, OKX Pockets additionally introduced its partnership with two protocols, particularly Radiant and Marinade. Its collaboration with Radiant, a decentralized lending protocol native to Arbitrum and BNB Chain, will permit customers to entry Radiant’s lending service through the OKX Pockets plug-in and Uncover platform.

With Radiant, customers are in a position to borrow a wide range of digital belongings throughout a number of chains towards their very own belongings on one chain.

Marinade, however, is a non-custodial liquid staking derivatives (LSD) protocol on the Solana community. Just like Radiant, this partnership will facilitate customers’ entry to Marinade’s liquidity staking service through the OKX Pockets plug-in and Uncover platform.

OKB Exhibits No Important Worth Motion

The OKB coin is the utility token of the OKX ecosystem. From buying and selling payment reductions to passive revenue, there are just a few advantages that holders of this token get to get pleasure from. And it seems that the expansion of the OKX ecosystem has some hyperlinks to OKB value.

That mentioned, it’s considerably too early to inform what the impression of those partnerships will likely be on the value of OKB. Furthermore, there was no important value motion within the OKB market for the reason that announcement was made.

A broader take a look at value motion reveals that the OKB market has been transferring sideways in the previous couple of weeks. In response to knowledge from CoinGecko, the token’s worth dipped by a measly 2.1% previously seven days. As of this writing, an OKB coin adjustments arms at $44.82, tallying solely a 2.6% value rise within the final 24 hours.