{"id":67653,"date":"2023-12-26T02:10:49","date_gmt":"2023-12-26T06:10:49","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=67653"},"modified":"2023-12-26T02:10:52","modified_gmt":"2023-12-26T06:10:52","slug":"okx-ceo-reveals-5-principles-for-listing-brc-20-tokens","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/okx-ceo-reveals-5-principles-for-listing-brc-20-tokens\/","title":{"rendered":"OKX CEO Reveals 5 Principles for Listing BRC-20 Tokens"},"content":{"rendered":"\n<p>Jay Hao, the CEO of <a href=\"https:\/\/coinscreed.com\/staging\/okx-tops-blur-opensea-nft-marketplace-in-daily-trading-volume.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">OKX,<\/a> a leading cryptocurrency exchange, has shared the five principles that guide his exchange\u2019s decision to list BRC-20 tokens, the native tokens of the Binance Smart Chain.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20--1024x536.webp\" alt=\"OKX CEO Reveals 5 Principles for Listing BRC-20 Tokens\" class=\"wp-image-67655\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20--1024x536.webp 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20--300x157.webp 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20--768x402.webp 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20--18x9.webp 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20--750x393.webp 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20--1140x597.webp 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20-.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>BRC-20 tokens\u00a0have gained popularity among the crypto community, especially after the launch of the Binance Bridge, a service that allows users to swap tokens between the Binance Chain and the <a href=\"https:\/\/coinscreed.com\/staging\/binance-burns-480-million-worth-of-bnb.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Binance Smart Chain.<\/a> Some of the most popular BRC-20 tokens include BNB, CAKE, BUSD, and BAKE.<\/p>\n\n\n\n<p>As a result, many crypto enthusiasts have been requesting OKX, a leading cryptocurrency exchange, to list more <a href=\"https:\/\/www.binance.com\/en\/research\/analysis\/brc-20-tokens-a-primer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">BRC-20 tokens<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> on its platform. OKX is one of the largest and most reputable exchanges in the industry, offering a wide range of services, such as spot trading, futures trading, margin trading, and staking.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-response-from-okx-ceo\">A Response from OKX CEO<\/h3>\n\n\n\n<p>Jay Hao, the CEO of OKX, has responded to the demand for BRC-20 tokens by revealing the five principles that underpin his exchange\u2019s conviction to list them. Hao expressed his appreciation for the suggestions from his friends and the community but also explained that listing BRC-20 tokens is not a simple or easy decision.<\/p>\n\n\n\n<p>Hao said that OKX does not want to be the most aggressive listing exchange in the industry, as that would be harmful to the market. He said that OKX has certain long-term philosophies that guide its listing of tokens, which involve building the infrastructure, having a pure heart from the team, being as transparent as possible, and focusing on the technology.<\/p>\n\n\n\n<p>Hao then outlined the five principles that OKX follows before listing any token, including BRC-20 tokens. These are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The token must be blockchain technology and product-driven, meaning that it must have a clear and innovative use case and value proposition.<\/li>\n\n\n\n<li>The token must be popular in the community, meaning that it must have a large and active user base and social media presence.<\/li>\n\n\n\n<li>The token must have a long-term builder team, meaning that the project founder and investors must have a proven track record and a vision for the future.<\/li>\n\n\n\n<li>The token must have a legal and compliance review, meaning that it must comply with the relevant laws and regulations in the jurisdictions where it operates, especially in the US, where the SEC is cracking down on unregistered securities.<\/li>\n\n\n\n<li>The token must not be pitched, meaning that OKX does not accept any form of solicitation or promotion from the token issuers but rather selects the tokens based on its own research and analysis of the market.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A lot of friends urging me list more brc-20 tokens. Thanks for these kindly suggestions. I want to clarify, as an exchange if we use the simplest strategy that is just list all tokens, I believe it may help exchange make more quick money, but will destroy the market. OKX never\u2026<\/p>&mdash; Star (@star_okx) <a href=\"https:\/\/twitter.com\/star_okx\/status\/1739244542791143455?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 25, 2023<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">A Message for the BRC-20 Token Community<\/h3>\n\n\n\n<p>Hao concluded his message by saying that OKX is always open to new and promising projects and that he welcomes the BRC-20 token community to share their feedback and suggestions with him. He also said that OKX is constantly working on improving its services and features and that he hopes to provide the best trading experience for its users.<\/p>\n\n\n\n<p>Hao\u2019s message is a clear and transparent communication from the OKX CEO, who has shown his commitment and professionalism in the crypto industry. By sharing his five principles for listing BRC-20 tokens, Hao has also shown his respect and responsibility for the market and the community.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jay Hao, the CEO of OKX, a leading cryptocurrency exchange, has shared the five principles that guide his exchange\u2019s decision to list BRC-20 tokens, the native tokens of the Binance Smart Chain. BRC-20 tokens\u00a0have gained popularity among the crypto community, especially after the launch of the Binance Bridge, a service that allows users to swap [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":67655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[15276,17687,12218],"class_list":["post-67653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-brc-20-tokens","tag-jay-hao","tag-okx-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/BRC-20-.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=67653"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/67655"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=67653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=67653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=67653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}