Token

2024

DeFi

CoinDCX, an Indian crypto exchange, has turned its Okto wallet into a full Okto ecosystem with the launch of a new blockchain and token. Co-founders Neeraj Khandelwal and Sumit Gupta announced that the aim is to offer global users a seamless mobile experience in the Web3 space. 
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 1/6 The announcement you've been waiting for is finally here 🥁 Say GM to the Okto Chain – the Web3 Orchestration Layer by <a href="https://twitter.com/CoinDCX?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@CoinDCX</a>! We’re leveling up Chain Abstraction and revolutionizing the journey for 50M on-chain users. Watch the video to join the transformation! 🌟 <a href="https://t.co/LvIFWWnFVv" target="_blank">pic.twitter.com/LvIFWWnFVv</a>— Okto 🐙⛓️ | Orchestrating Web3 (@okto_web3) <a href="https://twitter.com/okto_web3/status/1790281315096686769?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 14, 2024</a>
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The Okto blockchain is set to launch in late 2024, enhanced by the Okto Points program and together with the OKTO token. Bonus points are provided for on-chain transactions, with additional bonuses for those who transfer assets to the Okto Wallet. Up to 7% of the OKTO token supply will be airdropped to early users. 
Launched in August 2022, Okto began as a DeFi mobile application with a built-in wallet, hence the smooth transition for crypto users into the decentralized finance world. Khandelwal said Okto simplifies blockchain complexities, self-custody, security, and transaction fees. 
The Okto Web3 SDK helps developers build applications without needing deep blockchain knowledge. It has integrated over 50 chains and protocols, resulting in over a million wallets on the “Okto Orchestration Layer.”&nbsp; 
Sumit Gupta highlighted the Okto Chain’s potential to support thousands of Web3 applications, with more than 20 apps currently in development. This reflects CoinDCX’s vision for a strong DeFi ecosystem. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/14/crypto-exchange-coinbase-website-down-due-to-system-outage/" target="_blank" rel="noreferrer noopener">Crypto Exchange&nbsp;Coinbase WebSite Down Due to System Outage</a> 
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CoinDCX’s Okto to Launch Blockchain and OKTO Token

The Crypto Times

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