According to an announcement, the OKB global utility token will start working with Coinrule, the well-known crypto aggregation exchange. Thanks to the partnership, OKB holders will earn a passive income with 20% interest annually. Besides that, they will enjoy a discount fee when using Coinrule.

OKB Collaborates with Five Others

In a recent report released by the OKB team, five new partners across the world have affiliated with the OKB ecosystem. The new partners are from diverse fields such as gaming, crypto wallets, trading platforms, big data, and more.

OKB broke new records in June 2020 when daily trading volume broke past the $300 million mark. At its height, daily trading volumes grew by 16%. A recent report by CoinCodex said that the OKB token was one of the major tokens to watch. Since January, the coin’s value has more than doubled. The CoinCodex report states that the value of OKB is expected to continue rising.

Growing Ecosystem

The price increase in the OKB token has been driven by various efforts to grow the ecosystem. With the addition of six new partners, it will no doubt keep driving continued growth. The listing on Coinrule is especially important. Holders of OKB will now be able to earn a 20% annual passive interest while also enjoying discounts on transaction fees. The OKB announcement also revealed that OKB was also listed on Baksman, a Russian fiat-to-crypto platform.

For secure storage, the OKB team is working with Guarda and Coinomi, two popular crypto wallets. The partnership will ensure the secure storage of OKB tokens. They also collaborated with Flipside, a company working in the big data sector, and Enjin, a major gaming company with a focus on the crypto sector.

Thus far, 65 partners around the world are working with OKB and growing. Collaborations help to improve service delivery to its users globally. These services include wallets, trading platforms, payments, lifestyle, financial services, and more.

Stability Test of OKChain Completed

The stability test began shortly after the launch of the OKChain testnet version 0.10. All tests by the community have been completed. During “Cosmos’ Game of Zones cross-chain test competition”, OKchain performed admirably. Besides that, two functions of approval votes for supernodes plus the independent construction of a decentralized exchange went live.

The community also launched a hackathon to boost user rights and improve empowerment within the ecosystem. It is a developer campaign for all OKChain users and it will officially conclude on July 20. The winning teams and developers will receive $5,000 worth of OKB.

About OKEx

OKEx is one of the largest derivatives and spot trading exchanges in the world. It offers traders a diverse marketplace where they can manage their crypto assets. The platform is also forming partnerships and alliances within the crypto world to expand its offering to its users. For instance, they recently partnered with the Paxful P2P exchange. The goal of the partnership is to drive up the mass adoption of crypto around the world.

Image Source: Shutterstock 

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.