On January 11, 2023, RVN, CLV, CVX, ANT, and PHA became available to buy on Okcoin in the United States.
Withdrawals will be available soon, the Okcoin team confirmed.
As mentioned in a blog post, Ravencoin (RVN), Clover Finance (CLV), Convex Finance (CVX), Aragon Network (ANT), and Phala Network (PHA) are coming to Okcoin.
According to Okcoin’s blog post, here’s what these projects are all about:
Ravencoin (RVN) is “a peer-to-peer blockchain designed for users to issue and transfer assets across its network.” Using a Proof-of-Work consensus mechanism, it is “a fork of Bitcoin with faster blocktime and greater asset flexibility.” RVN is the network’s currency “for transactions and network fees.”
Clover Finance is “a Layer-1, Substrate-based network that focuses on cross-chain compatibility for DeFi Apps.” It incentivizes decentralized app (dApp) builders “by sharing a percentage of transaction fees with them automatically.” It also “offers users lower gas fees in comparison to Ethereum, access to 39 different networks, and fast transaction speed. CLV is used for transaction fees, governance, staking, and rewards.”
Convex Finance (CVX) is “a liquidity management protocol that helps users maximize yield from Curve Finance, an automated market maker (AMM) designed for stablecoins.”
Convex allows users the opportunity “to earn boosted Curve (CRV) tokens and liquidity mining rewards without having to lock CRV tokens.”
The platform “features feeless deposits and withdrawals and a low-performance fee distributed to CRV stakers and CVX holders. CVX is used for staking, rewards, and governance.”
Aragon Network (ANT) is “a toolkit to help create and manage decentralized autonomous organizations (DAOs) and on-chain organizations.” These tools “include fundraising, treasury management, gasless voting, governance implementation, and dispute resolution.” ANT is used for governance and the ability “to participate in Aragon’s Court system.”
Phala Network is “a smart contract platform built in 2018 that focuses on peer-to-peer cloud computing.” This year, Phala “introduced Phat Contract and PhalaWorld, two new products geared towards web3 and NFTs.”
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