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DeFi Listings NFT OKEx

OKEx lists new DeFi tokens and runs Polkadot/Kusama parachain slots auction celebration

2021.03.20 OKEx

There are new DeFi and NFT-related tokens alongside new promotions on OKEx this week — Weekly Update

During the week of March 15, OKEx listed two new DeFi tokens: KINE, native to the Kine Protocol, and ANC, native to the Anchor Protocol. We also listed two new tokens from the NFT category — ENJ and SAND — and enabled margin trading and savings features for ALPHA, LUNA and FTM, alongside listing their USDT-margined perpetual swaps.

Finally, we’re also running a promotion for the upcoming Polkadot/Kusama parachain slots auction where participants can win up to 5x in APY rewards. Read on for more details regarding the new listings, promotions and planned events/AMAs.

New listings

Kine Protocol (KINE)

Kine Protocol is a decentralized finance application built on the Ethereum blockchain. Its ERC-20 collateralized liquidity pools allow for the trading of derivatives for any asset with up to 100x leverage. KINE is the name of the protocol’s native ERC-20 token, which is used for staking and governance.

As of March 15, KINE is available for deposit, withdrawal and spot trading against USDT on OKEx, and you can start trading here

Until March 21, OKEx traders can participate in a KINE lucky draw for a chance to share a $150K prize pool. More details here

OKEx traders can also receive a referral reward of $5 in KINE for each new user they invite until March 21. Click here for details. 

Anchor Protocol (ANC)

Anchor Protocol is an inter-chain decentralized savings protocol built on the Terra blockchain. Offering lending and borrowing, it enables Terra Stablecoins to earn stable interest rates. ANC is Anchor Protocol’s governance token.

As of March 17, ANC is available for deposit and spot trading against USDT on OKEx. ANC withdrawals opened on March 18 at 10:00 UTC, and you can start trading ANC here

OKEx traders can also participate in an ANC trading promotion until March 24 for a chance to share up to 100K USDT from the trading fees generated during the promotion. Click here to learn more about the promotion. 

Enjin (ENJ)

Enjin combines blockchain technology and gaming, allowing users to own in-game digital assets. ENJ is the name of the ERC-20 token native to the protocol.

As of March 18, ENJ is available for deposit and spot trading against USDT and BTC on OKEx. ENJ withdrawals open on March 19 at 10:00 UTC and you can start trading ENJ here

Until March 25, OKEx traders can join the NFT Carnival by depositing and trading ENJ/SAND for a chance to share a 100K USDT prize pool and more. Click here for more details on the promotion. 

Sand Coin (SAND)

The Sandbox is a decentralized, virtual gaming world that is driven by its community. SAND, the platform’s native ERC-20 token, is used to transact in The Sandbox, enabling creators to monetize their assets.

As of March 18, SAND is available for deposit and spot trading against USDT on OKEx. SAND withdrawals opened on March 19 at 10:00 UTC, and you can start trading SAND here

Announcements and promotions

Margin trading, savings and USDT-margined perpetual swaps for ALPHA, LUNA and FTM  

As of March 18, ALPHA, LUNA and FTM savings and spot margin trading against USDT has been enabled for OKEx users.

Users can review details of the tiered margin ratio here as well as the rules and limits for the savings feature here

As of March 18, USDT-margined perpetual swaps for ALPHA, LUNA and FTM have also been listed, and more information on them can be found here

Polkadot/Kusama Carnival

To celebrate the upcoming Polkadot/Kusama parachain slots auction, OKEx has launched a promotion, allowing users to win up to 5x APY in rewards.

The promotion will be active until March 24, and more details can be found here

Events 

OKEx and Stacks AMA 

On March 18, OKEx’s Lennix Lai and guests Brittany Laughlin and Louise Ivan from the Stacks Project conducted an AMA on the OKEx official English Telegram channel.

OKEx users who participated in the AMA giveaway had a chance to share a prize pool of up to 200 USDT. More details can be found here.

Follow OKEx

Twitter: https://twitter.com/OKEx
Facebook: https://www.facebook.com/okexofficial/
LinkedIn: https://www.linkedin.com/company/okex/
Medium: https://medium.com/@OKEx
Telegram group (English): https://t.me/OKExOfficial_English
Telegram group (Russian): https://t.me/okexofficial_ru

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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