Wissel Polly Finance POLLY om naar OKB OKB

Polly Finance is a completely community-driven platform where users can create and manage diverse baskets of tokens on Polygon, called nests. Nests have autonomous rebalancing and yield farming in a variety of protocols. POLLY is the governance token for the Polly Finance platform. Holders can use their tokens to vote on proposals to further the ecosystem, including the composition of nests, strategies they will follow and the future direction of the project. POLLY can be earned by participating in the yield farming program, which distributes tokens to users of the platform. In order to create a Nest, you have to burn an amount of Polly. As the burning process is complex, the recipe for nDEFI will automatically buy and burn the right amount for you during the creation process. The amount of Polly to be burned is currently tied to the volume demand of your issuance order, but governance may vote to change this model.

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.