Convert LeisureMeta LM to OKB OKB

LeisureMetaverse issued its own utility token, LM token to energize trade of NFTs and increase the valuation of NFTs. LeisureMetaverse operates its own blockchain, but the LM token in LeisureMetaverse and the ERC20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum. As an NFT minting & trading DAO platform, the Leisure metaverse platform is designed to overcome limitations of existing blockchain platforms such as scalability, gas fee and awkward UX. Using Tendermint style proof of stake PoS) based Byzantine Fault Tolerant BFT) consensus algorithm, LeisureMeta chain has attained 1,000 TPS and transaction finality at once. The Bloom filter is used to distinguish known transactions between individual nodes to enhance the efficiency of networking by transmitting unknown transactions only. With multiple private key paring system, the UX was improved by assigning individual private keys for user"s each device. LeisureMeta blockchain reduced the block time to 1 sec with Conflict free Replicated Data Type (CRDT) structure to eliminate the ordering between intra block transactions. Consequently, the computing power required for blockmaking process has been significantly minimized.

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.