Token platform OKEx Jumpstart plans token sale

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Token platform OKEx Jumpstart has announced its 10th token sale. The project, developed with HyperDAO (HDAO) is scheduled for launch on February 25, 2020.

The token platform OKEx Jumpstart, which belongs to Malta-based crypto exchange OKEx, is cooperating with the distributed ledger and blockchain technology company HyperDAO. Both HyperDAO and OKEx say they are committed to building an efficient, transparent and reliable decentralized finance (DeFi) ecosystem.

In its announcement, OKEx Jumpstart says the HDAO token has a total supply of 5,000,000,000 HDAO and will be available on OKEx Jumpstart at US$ 0.01 per HDAO. The private sale price from HyperDAO is US$ 0.02 per HDAO, with an individual minimum subscription amount of 32,000 HDAO. OKB is the only token accepted for the subscription and settlement. The exchange rate of OKB to US$ is to be confirmed on the sale day. Two subscription sessions are planned on February 25, 2020. The OKBelievers Exclusive Allotment Session is to open at 04:00 (UTC), with the OKTraders Privilege Allotment Session opening at 05:00 (UTC).

Committed to decentralized finance

“OKEx believes in Decentralized Finance (DeFi), and this is what we are endeavoring to develop. We are glad to partner with HyperDAO who share same belief with us,” says OKEx CEO Jay Hao. “HyperDAO brings the industry a new series of real-life applications. I am always surprised by the many innovations out there and it is our pleasure to help the creators realize them. We hope other market players to join hands in bringing blockchain innovations to everyone’s life.”

HyperDAO says it seeks to “gradually transform its existing centralized business model into one that is decentralized and governed by community members.” The company uses distributed ledger and blockchain technology to provide a comprehensive, integrated financial service ecosystem. Its services include infrastructure, trader-intrinsic services such as stablecoin, crowdfunding and wallets as well as market forecast, development of microfinance and e-citizen information systems.

(Source: PR Newswire)

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