OKX announced today that OKX Wallet supports Telegram’s TONOKX’s CMO Haider Rafique said TON had been a break-out hit with a strong community behind it.
As a researcher with a background in blockchain technology and digital assets, I have closely followed the developments in the crypto space for several years now. In that context, I am particularly intrigued by OKX Wallet’s recent announcement of supporting Telegram’s TON network.OKX has integrated the Toncoin (TON) network connected to Telegram into its OKX Wallet, becoming the 100th supported protocol and reinforcing its commitment to the “on-chain, any chain” ideology.

A self-contained Web3 wallet functions independently from conventional exchanges (CEXs) and can be linked to OKX’s decentralized trading platform (DEX).

As a researcher investigating the features of the OKX digital wallet, I’ve discovered that while the platform strives to offer access to numerous tokens and protocols, it also aims to deliver a carefully selected user experience. Not every token makes the cut based on OKX’s stringent standards, according to Chief Marketing Officer Haider Rafique in an interview.

“During our listing procedure, there are a few key factors we focus on. Initially, we prefer to wait until an asset has reached a stable growth rate before entertaining the idea of listing it. We strive for optimal timing when there is already a strong following and considerable interest. Launching something prematurely without sufficient demand goes against our approach.”

According to data from CoinMarketCap, TON has emerged as a popular coin on OKX exchange, ranking sixth in terms of trading volume. This position is just after the BitcoinUSD Dollar (BTC-USDT) and Solana-USD Dollar (SOL-USDT) pairs. The demand for TON usually spikes when new gamification features are rolled out, as these elements attract user attention and interaction, according to Rafique’s observation.

“People are particularly drawn to the convenience of engaging in rewards and initiatives within the network, which is a major selling point, according to him. This feature, often referred to as gamification, garners the most interest based on multiple indicators we monitor. However, it’s important to note that some individuals are simply holding onto the token with the expectation that its value will increase due to Telegram’s backing.”

According to CoinDesk’s latest report, the expanding economy built on the TON blockchain with Telegram serving as its central platform has been the primary factor behind the token’s impressive gains versus the wider crypto market recently.

The OKX Wallet broadened its functionalities by incorporating NEAR, Blast, and zkLink Nova into its list of supported chains, as announced in a recent statement.

Recently, OKX Wallet has implemented Uniswap Labs’ trading APIs and introduced a new platform specifically designed for Web3 game creators.

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2024-07-17 11:38