OKX CEO listed primary rules for crypto itemizing
CEO of the OKX cryptocurrency alternate, Jay Hao, named 5 fundamental rules for itemizing cryptocurrencies on the platform.
Jay Hao posted on his X account that many pals are urging him to stake extra BRC-20 tokens. Nonetheless, he defined why this technique isn’t appropriate for OKX.
The top of the cryptocurrency alternate offered 5 fundamental rules for itemizing particular tokens on the alternate. He indicated that earlier than deciding to listing crypto property, one should depend on the next components:
- Blockchain know-how and token-based product
- Reputation of the token locally
- The founder and group are long-term builders.
- Laws and Compliance Overview
- Refusal to listing “shitcoins”
“I wish to make clear, as an alternate if we use the only technique that’s simply listing all tokens, I imagine it could assist alternate market extra fast cash, however will destroy the market.”
Jay Hao, OKX CEO
Jay Hao additionally famous that OKX by no means wished to be essentially the most aggressive itemizing alternate within the business. Though OKX isn’t essentially the most outstanding business chief, it nonetheless has a long-term philosophy, akin to constructing infrastructure, not being evil, being as clear as attainable, and all the time counting on know-how.
Final week, buying and selling quantity on the OKX NFT market exceeded $60 million, surpassing the Blur and OpenSea platforms. Analysts attribute this progress to elevated BRC-20 and Bitcoin (BTC) Ordinals tokens buying and selling volumes. The success of the crypto alternate was as a result of, in Might 2023, OKX added the flexibility to commerce Bitcoin Ordinals and BRC-20.
