I’ve talked about OKEx before, and about some of the things that you can do with this platform, but there’s more that you might not yet know. In fact, there’s quite a bit that you can do with the platform that you may not have known about or heard about just yet. That’s because OKEx is starting a new rollout of some additional services that are designed to improve the way that you interact with the service and use it for your own trading process.

What is OKExChain?

First up, let’s take a look at OKExChain and just what it is and what it does for those currently using OKEx. This is actually the blockchain that OKEx has created and while it’s not fully launched, it is available as a testnet. All you have to do is join up and then run a node. That way, you’ll be able to start contributing to the exchange chain. You’ll also be using OKEx DEX (which I’ll talk about more in a moment). For now, OKEx DEX is a decentralized exchange, which is also offered directly through OKEx.

The chain offers spot and derivatives trading, which allows you to trade with multiple products. Plus you can do spot trading with test tokens. This is only the beginning of the offerings, however, as the system is looking to roll out derivatives still (it’s not currently available). In fact, all of the spot trading options are likely to advance as well.

Parallel development allows you to develop multiple, scalable applications all at the same time. With this system, that’s not only possible but easily interoperable. It’s designed to work together so you can be more engaged with different opportunities and features.

Finally, there’s data layering, which offers the best development practices and reduces the amount of consensus time required. Not only that but it also improves overall security and scalability. All of this makes it easier for users to get the features that they’re looking for, which can also decrease the learning curve.

Possibly the most important part of the entire process are the key characteristics that are offered through OKExChain. There are actually eight that are advertised by the platform, and knowing each of these will help you to get the most out of your OKEx experience.

1. High Performance – Because this system is a public chain that offers a range of different trading scenarios it’s already pretty high end. But it’s also going to give you enhanced performance for a range of different apps, which helps to improve your offerings even more. All you have to do is give it a try to see what it can offer for your trades.
2. Decentralized Governance – Anyone is able to apply to run a node, which means that there’s no one person or group that’s in charge of the entire system. This improves community development and also makes it even more effective, efficient and secure.
3. Community-Driven Consensus – Those who have OKT system tokens are the ones that get to decide which direction OKExChain is heading. They do this by putting up proposals and then voting on them to see what the average investor is actually looking for. It helps get more voices in the development process.
4. Audit-Free Listing – If you want to create a digital asset, trading plan or liquidity pool using OKExChain you don’t have to worry about audits. You can just list what you want and put it out there for others to see. This makes people more inclined to create listings.
5. EVM Programmability – Though it’s not quite there yet, OKExChain will eventually be fully programmable, which means that it will be able to support EVM. That even includes the developer tools for Ethereum. It’s something for users to look forward to as it rolls out.
6. Cross-Platform Trading – Being able to trade through a decentralized system and using different operating systems will make the entire process easier for users. And through OKExChain and OKEx DEX, that’s going to be possible. This is especially true as the system continues to develop and roll out.
7. Cross-Chain Gateway – The next feature is the launch of cross-chain migration that’s expected to roll out soon. This process is designed for the digital assets that are already most popular with OKExChain. And it’s another stop on the line of great features that the new chain is set to establish.
8. Spot and Derivatives – As we already touched on, OKEx DEX allows for spot trading with test tokens and is expected to rollout with derivatives and other products soon. This will include things like perpetual contracts, liquidity pools and even oracles. But it’s all still on the list of what’s to come.

Understanding OKEx DEX

Once you understand the OKExChain and what the benefits are, it’s time to take a look at how you’re going to use it, and that starts with OKEx DEX. This is the actual decentralized trading platform. That’s the best part about getting involved with blockchain, after all, so when you can utilize DEX to maintain all of the benefits of decentralization and get started easily you’re definitely going to want to try it out. Take a look at the process of how to get started with DEX and start reaping your own rewards.

Create a Wallet

The first step in the process is to create a wallet, and that’s designed to be easy. You need to have a mnemonic phrase and/or keystore (depending on the way you set up your system). Without at least one of these you will not be able to gain access, which is how it stays even more secure.

Send Your Funds

Once you have a wallet you need to put funds into it. You can do that by getting test tokens. But right now there’s a limited amount of test tokens and you need to be one of the first people in to be able to get them.

Start Trading

You can use the DEX testnet and your tokens to start trading. This is going to help you get used to the trading process and it’s going to make sure that you’re ready when the mainnet launches. You’ll already know how to make the right trades.

Track Your History

You can see the history of transactions through the system. In fact, there’s a OKExChain blockchain explorer that will let you check out all of the history and decide just what you want to continue and where you may not have done as well.

If you’re interested in OKEx DEX you want to know what the benefits are, and actually it’s quite simple to find them. There are three main categories of benefits that you’ll find when it comes to getting started with this system. These include the fact that it’s secure and reliable, fast and convenient and offers continuous iteration. By going through each of these three things you’ll be prepared to start your own trading process and to start using OKEx DEX as well. That way, when it goes live you don’t have to worry about the learning curve that some are going to have.

First, the system is safe and reliable because it uses the SECP256k1 elliptic curve algorithm, which stores digital assets into your own wallet. Plus, there’s no need for custody in the process for trades to occur. This keeps your digital assets more secure and always in your possession until the trade is completed.

Second, it’s fast and convenient because it reviews on-chain assets using some very strict standards. Not only that but the prices for those digital assets are stable and there are plenty of different trading opportunities that you can work with. All of this makes it easier to execute the trades you want.

And finally, continuous iteration means that all of the latest functions of OKExChain are available through this system. That means you’re going to have an even better trading experience, whether you’re just getting started or you’ve been engaging with OKEx for a long time now.

Becoming an OKEx Broker

Now, if you’ve already tried out most of the features of OKEx and the OKExChain and you’ve even checked out OKEx DEX you may be looking for additional ways to make the most out of the platform. And that includes making some extra income however you can. One of the best ways that you can do just that is through commission. But how are you going to earn commission? You’re going to want to become a broker. And that process is actually easier than you might think. You just have to take a look here.

First, why would you even want to become a broker? For one thing, you can earn unlimited commissions. That’s definitely something to explore for yourself because the more you trade the higher your commission can be. All you need to do is keep trading.

You’ll also have the opportunity to share OKEx markets with this process, which will help you to books your product performance. You can do this by sharing depth and liquidity in your OKEx derivatives and spot trading. And through this process you’ll get more in return, which is a bonus for anyone.

Finally, you’ll have 24/7 support as a broker, which means you’re never going to be left out on your own. If you have questions, concerns or anything else you don’t have to worry because we’ll help you with any of those things, no matter what time of the day or night.

All you have to do is fit three criteria before you fill out your application. You need to have an independent product that can support API trading, you need to be doing at least 500 BTC in trading volume every month and you need to have at least 2,000 monthly, active users. If you meet all three of those criteria you qualify to fill out the application and potentially become an OKEx broker. Of course, you’ll still need to be approved before you’ll be able to start initiating all of the benefits and earning a commission, but you’ll be on your way.

That’s because the process to become a broker involves three steps. Once you’ve met all three of the criteria and you’ve decided you want to apply you have to fill out the application. This is simple because you only need to click the button that says ‘become a broker’ and the application will be right there for you. Then you wait. A manager will get in touch and your application will either be approved or not. If you’re approved you’ll get a broker code and information on just what to do with it. And then you start getting commission.

Conclusion 

If you’re interested in OKEx you’ll want to check out each of these new offerings. Each one will help you to make the most out of your experience and will definitely make sure that you and everyone else is benefiting. After all, if you become a broker it’s not only going to help you but everyone else who trades alongside you as well. And if you’re getting involved with OKExChain and OKEx DEX you’re going to have more opportunities to learn about the system and to get started on your own. 

Take a little time to read through all of this information and get started on the path toward maximizing your OKEx immersion. There’s a great deal of benefits here and the system is only continuing to get better. That’s going to be important if you’re looking to improve the way you interact with cryptocurrency and the blockchain. And if you have a stake in the game you’ll even be able to start telling OKEx how they should be improving the system and what developments you’re actually looking for. That’s going to make it even easier for you to earn the income and the commission that you’re looking for. 

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