OKEx, a Malta-based cryptocurrency spot and derivatives exchange, announced today the launch of its 14th token sale project, WaykiChain Governance Coin (WGRT) on OKEx Jumpstart will be on June 17, 2020.
Based on blockchain technology, WGRT is committed to maintaining the security and stability of WaykiChain’s DeFi ecosystem, providing fair and transparent decentralized collateral lending services for global users, according to the statement.
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Launched in 2019, WaykiChain established a decentralized collateral lending platform with a bi-token architecture. Supported by the platform, WGRT holder can participate in the adjustment of system parameters and the governance of system operation rules as an important part of the WaykiChain DeFi ecosystem. Besides, another token, WUSD is a stablecoin whose value is pegged to USD.
“We believe that DeFi is one of the most important applications of blockchain technology, while stablecoin is the bridge between DeFi and traditional finance, which helps users participate in DeFi at a lower cost to fulfill their financial needs,” said Jay Hao, CEO of OKEx. “We are glad to cooperate with projects like WGRT, to jointly promote the development of DeFi, letting more people benefit from blockchain technology.”
Hong Kong-headquartered WaykiChain (WICC) is a third-generation blockchain that is based on DPoS consensus algorithms and supports Turing-complete smart contracts. It is reportedly able to sustain transactional throughput up to 3200 TPS in actual use, which has reached the leading position in the industry. WaykiChain (WICC) aims to provide a secure, reliable and high-performant blockchain technology platform and ecosystem that will enable the growth of multiple industries such as prediction markets, decentralized assets exchanges, and decentralized forex exchanges etc.