OKEx launches exchange opening plan to adopt "trading is mining" model

Yesterday, OKEx announced the launch of an open and win-win plan for digital asset exchanges, which will open OKEx's accumulated matching system, counter system, cold wallet system, hot wallet system, fund clearing system, global multi-language customer service capabilities, global customer identity identification and anti-money laundering system to "OK partners".

OKEx said that any team that wants to establish a digital asset exchange only needs to provide its own domain name, LOGO and operating entity, and focus on the management and operation and promotion of the exchange. Complex R&D, operation and maintenance and other tasks will be provided by OKEx's global technical team to provide full-process solutions.

The first phase of the OK Open Win-Win Plan will open 100 places, and teams that lock up 500,000 OKB (the locked amount of certified merchants, voting for listing, professional investors, etc. is not included in the calculation) are eligible to participate. The first phase of the open exchange is expected to be officially launched in late July.

Open exchanges will support multiple fee models, and the first batch of 100 will adopt the platform coin operation model. The details are as follows: The OK Open Win-Win Plan will support each exchange operator to issue platform coins. 51% of each exchange's platform coins will be the "mining part" and 49% will be the "issuance part" (25% of which will be controlled by the operation team and 24% will be distributed to OKB holders).

Mining part: The mining part of each exchange is rewarded to trading users through the "trading is mining" model and is distributed daily.

Issuing part: The issuing part of the exchange is frozen in advance, and is unfrozen according to the proportion of the mining part that has been mined, and is distributed daily. The daily unfrozen amount = the total amount of the issuing part * (the total output of mining on the previous day / the total amount of platform coins in the mining part).

80% of the revenue of each open exchange will be distributed as incentives to the holders of the exchange's platform coins (only the mining output and the "issued part" that has been unfrozen are included in the distribution), and 20% will be used for the operation of the exchange.