OKEx, the leading crypto assets exchange and trading platform, through its OKEx Jumpstart program has announced the launch of a new token sale. The HyperDAO (HDAO) sale set to go live on Feb 25, 2020 will become the 10th such offering of the program as it aims to promote the development and adoption of blockchain infrastructure across industries.
The HyperDAO project is said to have found a place in the OKEx Jumpstart program due to its potential to develop an efficient, transparent and reliable decentralized finance (DeFi) ecosystem. Upon realization, the HyperDAO project will position itself as a one-stop financial service platform for global users. While announcing the upcoming token sale, OKEx mentioned that HyperDAO’s belief in decentralized finance matches its own and wide-spread implementation of HyperDAO’s solutions can lead to a transformation of existing centralized business models to decentralized ones where community performs governance duties instead of a select few.
Reiterating the company’s commitment to promoting blockchain-based financial services for all, the CEO of OKEx Jay Hao mentioned HyperDAO and said,
“OKEx believes in Decentralized Finance (DeFi), and this is what we are endeavoring to develop. We are glad to partner with HyperDAO who share same belief as us. HyperDAO brings the industry a new series of real-life applications. I am always surprised by the many innovations out there and it is our pleasure to help the creators realize them. We hope other market players to join hands in bringing blockchain innovations to everyone’s life.”
Hao’s statement resonates with the ones made by the company Director of Monetary Markets Lennix Lai at the sidelines of World Economic Forum annual meet at Davos where he announced that OKEx is ready to work with partners to address issues of the unbanked with blockchain. One of the things mentioned by Lai as necessary for next-generation monetary inclusion is the need for reputable stablecoin. The HyperDAO ecosystem will be capable of providing a comprehensive, integrated financial service ecosystem complete with infrastructure, trader-intrinsic services like a stable coin, crowdfunding, wallets, market analytics systems, microfinance and e-citizen information system, etc., all on the blockchain.
By achieving a 360-degree coverage of applications on micro and macro levels, HyperDAO exhibits a potential for synergy with OKEx to revolutionize financial systems. During the upcoming sale, a total supply of 5 billion HDAO tokens will be made available on OKEx Jumpstart at a price of $0.01/token. The pricing is 100% lesser than that of HDAO private sale, which also comes with a minimum subscription amount of 32,000 HDAO.
During the HyperDAO token sale, OKEx’s own OKB tokens will serve as the mode of subscription and settlement at the exchange rate against USD on that day. The HDAO token sale will be launched in 2 consecutive sessions—OKBelievers Exclusive Allotment Session starting 4:00 UTC and OKTraders Privilege Allotment Session opening 5:00 UTC on Feb 25, 2020. The allotment is set at 100 million HDAOs each, with an individual cap of 400,000 HDAOs.
Following the launch of the token sale, the HDAO/USDT and HDAO/USDK spot trading pairs will be made available on the same day at 7:00 and 9:00 AM respectively.
More information about the HyperDAO token sale is available at – https://okexsupport.zendesk.com/hc/en-us/articles/360039127232-OKEx-Jumpstart-x-HyperDAO-HDAO-Token-Sale-Details