TechFlow news, according to an official announcement from OKEx, OKExChain will launch its mainnet in four phases. The first phase is the OKExChain genesis stage (from January 1, 2021 00:00 to January 14, 2021 24:00), during which the initial issuance of OKT will be completed. OKB holders can obtain OKT through OKEx Jumpstart by staking OKB. Subsequently, OKExChain will proceed with mainnet stability testing, enable transfer functionality, and activate the smart contract virtual machine.
According to the official website, OKExChain aims to build the world's best trading public chain, enabling any individual or community organization to develop their own blockchain applications on OKExChain. OKT is the native token of OKExChain, using a halving model similar to Bitcoin, with an initial supply of 10 million and an initial block reward of 1 OKT, halving every three years, resulting in a theoretical total supply of approximately 72.2 million.
