BCAChain Using self-optimized POBC (goodwill certification) as the underlying consensus mechanism, and introducing the real world credit system to provide better operation and support for anonymous block chain network. BCAChain Focus on the new retail industry with rich landing scenarios, aiming at creating a supply chain traceability, quantifiable credit, transparent data, consumer shopping, membership services, precision marketing, centralized procurement scenarios in one, forming online e-commerce transactions, offline shopping experience, and building a new retail public chain ecology with multi-participation and multi-benefit. On November 8, 2018, BCAChain Foundation officially joined China Cloud System Industry Innovation Strategic Alliance as a governing unit. At present, BCAChain has completed the release of open source code at the bottom of block chain, wallet and DAPP application, and is expected to be on the main line in the second half of 2019.
OKEx, the 2nd most popular cryptocurrency exchange by trading volume, launched its platform token ‘OKB‘ today with 10 trading pairs. On its official support page, OKEx describes OKB is a global utility token issued by the OK Blockchain Foundation. The total available supply of OKB will be one billion tokens (1,000,000,000), with a distribution model that allocates 60% of the supply will be given out to OKEx customers for community building and during marketing campaigns. According to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month. The company denied ICO (initial coin offering) and public fundraising. Reportedly the company had stated that it would be soon shifting the token to its official OK chain and subsequently it will be applied not only on OKEx’s platform but also on other related projects. There will be in total 1 billion tokens supplied globally out of which 600 million coins will be distributed to OKEx customers for community building and marketing campaigns. Rest will be locked up for a period of 1 year to 3 years. According to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month. The company denied ICO (initial coin offering) and public fundraising. Reportedly the company had stated that it would be soon shifting the token to its official OK chain and subsequently it will be applied not only on OKEx’s platform but also on other related projects. There will be in total 1 billion tokens supplied globally out of which 600 million coins will be distributed to OKEx customers for community building and marketing campaigns. Rest will be locked up for a period of 1 year to 3 years.