OKEx Exchange lists DAO for spot trading; Offers a plethora of rewards

By: Jinia Shawdagor
Jinia Shawdagor
Jinia is a cryptocurrency and blockchain enthusiast based in Sweden. She loves everything positive, travelling, and extracting joy and… read more.
on Apr 14, 2021
  • DAO/USDT deposits and trading started today but withdrawals will be open starting tomorrow.
  • Per DAO Maker, this listing will expose its products to over 20 million users across the globe.
  • To celebrate this feat OKEx is giving away £21,700 in DAO, 10 iPhone 12 phones, and a Tesla Model Y.

Seychelles-based crypto exchange OKEx has listed DAO, the native token of the DAO Maker Network. The exchange unveiled this news through an official announcement on April 14, noting that the coin would be added to its spot trading markets. Reportedly, DAO deposits started at 8:00 AM UTC and spot trading for the DAO/USDT pair kicked off two hours later at 10:00 AM UTC. As for withdrawals, OKEx intends to open this feature on April 15 at 10:00 AM UTC.

Explaining the decision to list DAO, OKEx said the DAO Maker Network offers startups a growth technology platform and financing framework. On top of this, the network reduces risks for investors, seeing as it comprises B2B and B2B2C products and services, such as compliance financing and asset management, among others.

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DAO Maker added that the listing is a big step for its ecosystem’s global expansion goals. They believe that this move will help boost the adoption of its products while adhering to its mission to enable wealth creation for anyone across the globe.

A chance to win a Tesla Model Y among other gifts

To commemorate the listing of DAO, OKEx noted that it would offer several rewards to community members that deposit or trade DAO. These include a Tesla Model Y, 10 iPhone 12 smartphones, and £29,100 worth of DAO. The exchange intends to give away these gifts between April 14, 8:00 AM UTC to April 21, 8:00 AM UTC.

Comprising of three phases the promotion requires participants to complete specific tasks. The first one is sharing a completing a quiz for a chance to enter the draw to a £7,300 worth of DAO prize pool. The second stage is competing in a deposit challenge to enter a prize pool consisting of £7,300 worth of DAO and 10 iPhone 12 smartphones. The final challenge will need users to trade DAO to join a lucky draw that could see a community member walk away with £14,500 worth of DAO and a Tesla Model Y.

However, the exchange warned that trading in DAO involves significant risk, which might result in traders losing their capital. OKEx went on to urge its users to ensure they understand the involved risks and trade according to their experience levels and investment objectives.

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