Converti FartStrategy FSTR in OKB OKB

FartStrategy is a lighthearted meme token created in the spirit of Fartcoin. Fartcoin, much like Dogecoin, is a meme cryptocurrency with no central team dedicated to increasing its value. Neither Fartcoin nor Dogecoin is designed or intended to be a security, nor do they carry any expectation of profit. Similarly, FartStrategy—functioning as a decentralized and leveraged holding vault for Fartcoin—is also not designed to generate a profit and should be viewed solely as a source of amusement and entertainment. Additionally, FartStrategy does not create any surplus value above the amount of Fartcoin held in its vault, which is itself based purely on the humorous meme value of Fartcoin. FartStrategy has one stated goal: Accumulate Fartcoin in the Vault. There are three mechanisms to achieve this goal: Permissionless lending pools, convertible bonds, and at-the-money offerings. The FartStrategy documentation explains how each function of the protocol work to accelerate the Fartcoin flywheel. Think MicroStrategy for Fartcoin.

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.