Convert fanC FANC to OKB OKB

fanC integrates Web2 and Web3 technologies, connecting creators, users, and social platforms to enable content ownership and user participation in platform operations for profit-sharing. It aims to foster a new era of social AI platforms through participant interconnection, creator rights protection, and user engagement. fanC offers CELEBe, a rewards platform, and fanC Wallet for point conversion and virtual asset management, supporting various blockchains and offline payments. CELEBe is a short-form rewards platform that recognizes the value of viewers by allowing them to earn rewards while watching content. It features a pioneering Watch to Earn (W2E) system, the first of its kind in South Korea, where viewers earn points for watching short-form videos. CELEBe also offers CELPICK, a voting game, and Shortply, a curation service to be launched soon, aiming to create a sustainable ecosystem for both viewers and creators. With over 7.5 million members and a significant rise in engagement (app retention increased from 5% to 20% in a year), CELEBe is committed to fostering a vibrant community. The platform also supports a Create to Earn (C2E) model, rewarding creators and allowing point exchanges through the fanC Wallet. CELEBe points earned from participating in CELEBe activities can be convertible to fanC tokens through the fanC Wallet. fanC Wallet is a virtual asset wallet developed by fanC, providing storage for virtual assets, point swapping, Dapp, and 3rd Party app connectivity. It supports various blockchains, including Ethereum and fanC Token, and can store fanC Point, CELEBe Point, and DAEMDAEM Point (Tmoney).

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.