Hey guys, what up
It is Jester back with one of his gloomy articles. Let's cheer up!!!
I know the day is boring to our decade old Bitcoin buddy but the future is always 'unknown'. Yeah I mean it. I could have said bright but yeah, let us go with this.
Okx exchange recently joined the trend of Proof-of-reserves and is way better than binance, huobi and bitfinex. The exchange presented a $7.5 billion in reserves. The reserves for Bitcoin were 105%, eth with 105% and usdt with 101%.
That is pretty good, no make that really good. The ratio is really safe and appealing to us, investors for what we trust them with is our money. It ensures guarantee on our funds.
Okx has come clean with 100% while binance is 87% clean, bitfinex is 70% clean and huobi is 60% clean.
The chief marketing officer, Haider rafique said the exchange would publish its proof-of-reserves every month so that we could understand it deeply about these terms in a comprehensive way of course.
The exchange is also against building its own stablecoin because the idea of having one is completely against philosophy around native tokens.
Source:- coinlive.com
Want some juicy chunks??
Here,
I have been chasing these coins lately but I haven't invested in them yet, straight up.
Celer network and power ledger.
If you are interested look out for these and honestly it would be great.
Nighty y'all,
By,
Jester reck, article dump.