OKX Wallet Launches OKX Boost to Connect On-Chain Projects with Users
OKX CEO Star emphasized that OKX Boost promotes authentic engagement by connecting genuine DEX users with quality projects, discouraging wash trading and speculative behavior.
Fact Check
Evidence from OKX's official website and X account directly confirms the launch of 'OKX Boost' within the OKX Wallet. The sources describe its function as connecting projects with users through events like 'X Launch', where users can participate and earn rewards, explicitly mentioning a launch with the Linea project. This directly validates the statement.
Summary
OKX confirmed via an official statement that its Boost program aims to connect real decentralized exchange users with quality token projects. CEO Star reiterated that the initiative will not support wash trading or professional trading studios. He also clarified that participation requirements and reward amounts differ by activity, with no guaranteed profits, encouraging users to participate rationally.
Terms & Concepts
- DEX (Decentralized Exchange): A peer-to-peer marketplace where cryptocurrency transactions occur directly between traders without centralized intermediaries.
- Rebate System: A mechanism where participants receive a percentage of transaction fees or rewards based on their trading activity.