Converti OKB OKB in BNSD Finance BNSD

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.

Users would get yield in the form of BNSD (BNS defi) a token which we have released specific to this. What are the salient features of BNSD: - Super high APYs - Multiple pools in which you can farm - Extremely Deflationary release overtime - Halving built in. 4 halvings happening where block rewards reduce. - Block rewards start with 1000 rewards per ETH block of BNSD and then reduce based on halving in the following fashion - 1000 - 500 1 day from genesis block - 500 - 250 7 days - 250-125 30 days - 125 - 100 90 days - Just 4% of rewards are reserved for dev funds. This is lowest in comparison across other defi projects like Sushi - Best part 50% of the dev funds are used for buying bns on a periodic basis - Contract is super clean as there is no mint function there except for the block rewards which are happening every block. So there is no risk associated with it. No time lock needed as only BNSChef can mint rewards and those rewards are specific to block"