VeChainThor (VET) Announces OCE, The First Ecosystem Token Minted On Its Blockchain, Following VET’s Massive Surge
VeChain Foundation released exciting news – the very first token to be minted on the VeChainThor (VET) blockchain. The team posted the announcement on Twitter.
“Another VeChainThor milestone has been reached! $OCE became the first ecosystem token minted on the VeChainThor Blockchain! You also can now view your OCE balance in the VeChainThor Wallet. The OCE whitelisting process ends on 8/25/2018 at 13:00 UTC+8,” OceanEx (OCE) itself revealed.
Another VeChainThor milestone has been reached! $OCE became the first ecosystem token minted on the VeChainThor Blockchain! You also can now view your OCE balance in the VeChainThor Wallet. The OCE whitelisting process ends on 8/25/2018 at 13:00 UTC+8.
— OceanEx Official (@OceanexOfficial) August 20, 2018
What is OceanEx?
OceanEx is an AI-powered digital asset trading platform within the VeChainThor ecosystem.
The platform makes use of the AI technologies in order to provide an actively protected and ultra-liquid crypto trading market, full-fledged trading capabilities and a massive set investment tools and products that are appropriate for various investment strategies from more types of investors.
The project is currently in the WhiteListing process for those who would like to participate in the VeChain Community Round.
The minimum VET required in order to participate in the WhiteListing is 50,000 VET.
The crowdfunding will take place on the VeChainThor blockchain as it was mentioned earlier, but it will exclude residents from the U.S, China, and Japan. The project will continue to be fully built on the VeChainThor blockchain.
OCE Token uses
The OCE token will be used in the OceanEx’s ecosystem and more developments. Here are the potential scenarios regarding OCE uses, as they were listed by the team:
- pay for fees of services such as transaction fee, withdraw fee, listing fee, fund deployment fee
- voting right in project listing pool
- invitation to OceanEx’s quality community events and meetups
- access to our market research center in OceanLab
- subscribe to and use the professionally developed trading tools and investment products such as CryptoBento
OceanEx will also list other coins and tokens apart from those created via the VeChainThor blockchain via ICOs. You can find out more details about OceanEx here.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.