According to OKEx CEO, “Swarm has provided a whole new viewpoint to the mining ecosystem”, this was after the token was listed on the network.
Throughout the year, OKEx will continue to launch additional tokens. Mina Protocol MINA, as well as community vote winner meme tokens AKITA and KISHU, were recently listed on the crypto spot and derivatives exchange.
In order to strengthen its network, OKEx has been forming global alliances. Now, OKEx is announcing the launch of Swarm, its newest token (BZZ).
BZZ deposits began on June 21 and withdrawals began on June 22, with spot trading for BZZ/USDT to follow shortly.
Swarm focuses on a decentralized storage and communication system that may “deliver targeted services to a sovereign digital society through a system of peer-to-peer networked nodes.”
Swarm is designed to be economically self-sustaining, with an incentive system based on Ethereum smart contracts. As DeFi becomes more popular, Swarm plans to expand its blockchain projects, focusing on peer-to-peer storage and acting as a safe platform for DeFi applications. Swarm aspires to be “the re-decentralized internet’s operating system.”
Swarm grew from a small research project into multiple teams and self-organized communities centered on the concept of a world computer in just a few years.
During that time, the Swarm community has deployed tens of thousands of testnet nodes to keep the network growing. Swarm has recently had a soft launch on the Bee mainnet, an initial public token sale, and now a listing on OKEx. Structure, scalability, and decentralization have all been significant themes in Swarm’s development.
OKEx CEO Jay Hao said in a statement announcing the IPO, “Swarm has provided a whole new viewpoint to the mining ecosystem.”
Swarm has proven to be quite popular among crypto fans due to its self-sustainability position for true decentralization and great response from many communities.
Swarm has seen a surge in the number of active nodes, and with its utility currency, BZZ, being disseminated throughout various communities, the project has even more potential to develop. We are delighted to be collaborating with Swarm in the pursuit of a more decentralized future.”
With new tokens being listed on a frequent basis, OKEx is now home to hundreds of tokens and frequently transacting tens of billions of dollars in 24-hour trading volume, as well as billions of dollars in daily futures trading.
Since its inception in 2013, OKEx has expanded its product offerings to include futures, spot, margin, options, DeFi, lending, mining services, lending, and perpetual swaps. Millions of crypto users utilize OKEx throughout the world.
The Seychelles-based company is fast expanding and establishing itself as a global leader in digital asset trading. OKEx continues to show effort in developing a network of resources around a number of upcoming tokens, as evidenced by this recent release.