Okcoin Cryptocurrency Exchange Buy Bitcoin, Ethereum & Crypto
The government of this state has outlawed online pornography and initiated mass checks that have led to the closure of over 1900 websites. Over 750 million Internet users are limited in their options and desires. While the authorities and politicians hide behind a false sense of modesty, the real problem can be solved with the help of the decentralized OKO VR platform. Apart from a gigantic user base, China is considered a strategic partner in terms of a number of providers of adult goods. More than 1000 Chinese companies are active in this market, generating over $2 billion in revenue.
An attempt to stop this process will be just as futile as an attempt to disconnect the entire world from the Internet. The ‘adult’ industry began to pay attention to the opportunities that blockchain technologies offer several years ago. Banks and payment systems, influenced by various factors (reputation or reasons linked to okoin risk management) started blocking accounts in the pornography market. New technology can solve several other difficult problems in the industry — illegal content distribution, fair payments to rights holders, and the question of user confidentiality. The blockchain makes possible previously inaccessible methods for distributing content and selling goods or services.
Many finally refused to fight it out with the banks, and everyone began to resort to alternative payment methods. The unpredictability of traditional financial partners, which any participant of the pornography market can encounter at any moment, forces them to resort to leading technologies. An obvious solution to many problems in the industry is the development of a decentralized platform for distributing content and an anonymous payment system between the supplier and the consumer.
- In 2017 VR technology company (Czech Republic) released a virtual reality headset for viewing adult films.
- The unpredictability of traditional financial partners, which any participant of the pornography market can encounter at any moment, forces them to resort to leading technologies.
- The global crypto exchange is the brainchild of Mingxing Xu, aka Star Xu.
- It is a global company with offices in Singapore, Hong Kong, the UAE, the Bahamas and the United States.
Who Are the Founders of Okcoin?
The fact that the OKO platform is doing this faster than other competitors will eventually allow it to take its place as an undisputed leader. The strategy that we are sticking to with our partners is to put on the pressure, and to shift from archaic technologies and formats to VR and blockchain technologies. The most effective way to do this is to use the strengths of market competitors and bring them together into a shard project. We can make this goal a reality only on a foundation of collaboration.
Commercial aspect of the project
US customers will also be able to access a self-custody wallet along with new web3 services we will announce in the coming weeks. The company offers a tiered fee structure ranging from 0% to 0.20%, based on a user’s 30-day trading volume. While maker fees vary from 0% to 0.10%, taker fees are between 0.02% and 0.20%. Customers in 192 countries can access the services of the trading platform. The trading service is currently restricted in regions like Hawaii, Nevada, New York, West Virginia, and all U.S. territories other than Puerto Rico.
The platform’s main advantages include not only the use of its own cryptocurrency, but also the opportunity to share user accounts. Sharing a single user account between multiple users is not approved of by centralized payment systems and network operators, so this business model can work only with cryptocurrency. Founded in 2013, Okcoin is a US-headquartered cryptocurrency exchange serving 190+ countries and territories. The platform enables retail and institutional investors to purchase digital assets using local currencies, with a mission to make crypto easy for everyone, including first-time buyers.
What Coins Are Supported on Okcoin?
In the 1970s, when VHS cassettes captured the home video market, half of them had a pornographic content. The loyalty program that extends to all the participants of OKO’s crowdfunding campaign is unique. It offers regular privileges, premium tokens, and special deals on the platform’s goods and services. If you are a current Okcoin customer, you can access your balance and withdraw your assets at any time. We hope you take the journey with us as we rebrand to OKX in the coming months. Once the rebrand is complete, our US customers will have access to the same services you enjoy, such as spot trading, simple buy and sell for select assets.
An overview showing the statistics of OKOIN, such as the base and quote currency, the rank, and trading volume. Thats why we established ourselves in the United States in 2017, and made significant investments in licensing and building our community here. With the rebrand to OKX, we are doubling down on the US market, and offering a strong alternative to our US-based customers who are looking to get into crypto.