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Tag: OKX

  • OKX’s Crypto Cricket Cup offers $200k prizes for fans

    OKX’s Crypto Cricket Cup offers $200k prizes for fans

    Mumbai: OKX, a leading Web3 technology company, today launched the OKX Crypto Cricket Cup, an interactive competition that runs from 5 October to 5 November alongside the 2023 international cricket championship in India, and encourages eligible participants to learn about Web3, capture exclusive, cricket-themed NFTs and compete for a share of a prize pool worth over USD200,000.

    Participants in the competition will complete tasks, refer friends and learn about OKX’s Web3 products. In return, they will receive prizes, including airdrops of commemorative NFTs representing real cricket teams competing in the international cricket championship.

    Holders of the NFTs representing the champion, runner-up, and third-place team in the real-life tournament will be eligible to split prize pool winnings of 50,000 USDC, 30,000 USDC and 20,000 USDC respectively. Throughout the campaign, other prizes including token giveaways will also be awarded to participants.

    Users who want to collect more team NFTs to have a better chance of landing a champion, runner-up or third-place team can complete more Web3 challenges or explore the OKX NFT Marketplace.

    In the initial phase of the competition, starting 5 October, eligible participants can spread the word about the campaign on social media for the chance to receive an NFT. In the second phase of the competition, starting on October 9, participants can complete Web3 quests on the Polygon chain through OKX Wallet. Starting on 16 October, users can get rewards by referring friends to the competition.

    OKX chief marketing officer Haider Rafique said: “Cricket as a sport is prime for a Web3 transformation. There is a ton of entertainment utility waiting to be unlocked on top of GameFi and Web3. We are keen to partner with local ecosystem players and bring some of these experiences to cricket fans, including in India, soon.”

    The OKX Crypto Cricket Cup runs from 5 October to 5 November and features cricket-themed NFTs relating to the following cricket teams: India, Australia, Bangladesh, England, Afghanistan, The Netherlands, New Zealand, Pakistan, South Africa and Sri Lanka. The final prize-giving will take place after 27 November. To enter and to read more about eligibility and requirements, click here. 

  • Crypto exchange OKEx rebrands as OKX

    Crypto exchange OKEx rebrands as OKX

    Mumbai: Cryptocurrency exchange OKX  on Tuesday announced a company-wide rebrand that reflects the dynamism and accelerating adoption of cryptocurrency. This shift, as highlighted by the company’s name change from OKEx to OKX, reflects the platform’s growing number of wealth creation opportunities beyond the exchange, which investors use to trade hundreds of digital assets on spot, margin and derivatives markets.

    “OKX is moving beyond the standard centralized exchange model to give our customers an end-to-end cryptocurrency experience,” said OKX CEO Jay Hao. “Most importantly, we’re doing this while upholding the core principles of crypto — decentralization and autonomy. Our goal is to give customers the tools they need to easily and securely earn, transfer, and spend their wealth as they see fit, without intermediation from us. We’ve dropped the “E” from our name because we’re so much more than an exchange, just like crypto is so much more than a speculative asset.”

    Watch the rebranding AV here:

    As part of the move, OKX has declared its mission to be removing barriers to wealth creation by giving people everywhere access to decentralized assets and tools. This underscores the platform’s ongoing evolution towards decentralisation, which includes giving investors the option to self-custody their digital assets.

    Founded in 2017 as a cryptocurrency trading service, the crypto exchange claims to be the second-largest in the world by spot trading volume. OKX has since amassed over 20 million users and expanded its suite of digital asset investing products to include OKX Earn, a tool for earning passive crypto income; an NFT marketplace and decentralized application discovery hub; and most recently, MetaX, OKX’s new decentralized mode that features a cross-chain dashboard and self-custody Web 3.0 wallet for storing digital assets, including NFTs.

    In 2021, total trading volume on the platform, including spot and derivatives instruments, grew over 700 per cent, while the number of trades executed on the platform increased over 480 per cent, said the company.