What is OKX Jumpstart? OKX Jumpstart is a Launchpad platform built and developed by the OKX team. So does OKX Jumpstart really have potential and how to participate in new projects on OKX Jumpstart? Let’s find out together in this article.
In addition to OKX Jumpstart, OKX is also building a Web3 ecosystem with the OKX Web3 product line including products such as OKX Wallet, OKX NFT Marketplace, OKX Earn, OKX Transaction,… everyone can learn more in the article What is OKX Web3? All About OKX Products in Web3.
What is OKX Jumpstart?
Overview of OKX Jumpstart
Instructions for participating in OKX Jumpstart were introduced and launched in March 2019. OKX Jumpstart is a Launchpad platform similar to many Launchpad platforms on the market such as Binance Launchpad, Bybit Launchpad or Coinlist ICO, where projects can raise capital from investors or users on the OKX exchange. . Of course, users can buy the token before it is listed on the exchange at an attractive price.
To be able to participate in Public Sales projects on OKX Jumpstart, the OKX exchange requires users to hold OKB, the native token of OK Chain.
OKX Jumpstart’s development history and talking numbers
Up to now, OKX Jumpstart has had a number of impressive indicators as follows:
- Number of followers: + 1.6M
- Successfully raised amount: + $3.5M
- Participating projects: 13 projects
To be able to certify a Launchpad platform, the index we need to consider is Yield Calculated Based on ATH Price, simply understood, it is compared to the Public Sales price and the price reaching ATH after listing. Let’s take a look at some projects that have been Public Sales on OKX Jumpstart.
- Sui Network: 1,700%
- Taki: 737%
- Element Black: 2.189%
- Blockchain Brawler: 14,344%
- Klay City: 1,844%
- Gari: 491%
- Raydium:
- Symbiosis Finance: 571%
- Woo Network: 412%
- DEVT: 546%
- Toin Coin: 791%
- God Unchained: 240%
- OKEx Chain: 697%
Klay City is a Play to Earn game Launchpad on OKX Jumpstart in March 2022, marking the first time in OKX Jumpstart history that there is a project with a profitability of more than 1,000%. However, the last project Taki, which took place in June 2022, marked a rather low note before OKX Jumpstart’s return with Sui took place in May 2023. This comeback has really made the market excited.
Some advantages and disadvantages of OKX Jumpstart
|
Advantage |
Defect |
|---|---|
|
OKX Jumpstart brings a significant source of profit when projects implemented by Public Sales all have good growth. |
Projects on OKX Jumpstart have not really created the same impact as what Binance Launchpad can do. |
|
The regular OKX Jumpstart also creates a positive price action for OKB. |
The number of projects that OKX Jumpstart implements is still relatively small. |
Instructions for Joining OKX Jumpstart
To participate in OKX Jumpstart, you need to go through the following steps:
- Step 1: Owning an account with KYC Level 2 on OKX is extremely simple, just prove it based on some basic documents such as CCCD, Pasport,…
- Step 2: Owns OKB. During a certain period of time, OKX will take a snapshot of the amount of OKB you are holding. Each OKB will be equivalent to a certain number of lottery tickets. Users must mortgage OKB to participate in buying Public Sales.
- Step 3: For each winning lottery ticket, you will receive a portion of Public Sales tokens.
- Step 4: The number of winning tickets will be converted to the value of OKB and subtracted.
- Step 5: You will receive 100% of the token or vesting amount according to project regulations from the beginning.
Instructions for Buying Sui on OKX Jumpstart
Information about selling Public Sales Sui on OKX Jumpstart.
- Price: $0.1 equates to a $1B valuation.
- Total number of Sui sold: 225M
- Vesting schedule: Vesting is within 12 months equivalent to 7.7% per month.
- Limit number of winning tickets: 100 tickets
To be able to buy Sui on OKX Junpstart, you need to go through the following steps:
- Step 1: Owning an account with KYC Level 2 on OKX is extremely simple, just prove it based on some basic documents such as CCCD, Pasport,…
- Step 2: April 19 – April 23, OKX will calculate the average amount of OKB you hold. Each 1 OKB is equivalent to 5 lottery tickets.
- Step 4: April 23, starting to register to buy Public Sales means having to lock the amount of OKB you want to join.
- Step 5: April 24, stop registering to buy Public Sales and results will be available on April 24 evening.
- Step 6: Pay for winning lottery tickets with OPKB.
Note that when registering for an OKX account, you should complete all the steps to increase the security of your account such as:
- Register the owner’s phone number.
- Register for main email.
- Use Google Autheciator.
- Using Face ID on iPhone avoids losing your phone.
- Use withdrawal password.
If you don’t have an OKX account, you can support Weakhand with the link here.
The Future of OKX Jumpstart
The future of OKX Jumpstart also means the future of the OKX exchange, not only that, it also comes with the fate of OKB. In my opinion, there are some opinions so that we can continue to put our trust in OKX and OKX Jumpstart in the future.
- OKX Exchange has survived the collapse of many exchanges, thanks to which OKX’s position has become increasingly larger. OKX is also leading in the newly reopened Hong Kong market where Binance has retreated.
- The use of Proof of Reserve also partly proves OKX’s financial capacity.
- OKX’s ecosystem is expanding as they not only grow strongly in CeFi but are also entering the Web3 world.
- The fact that SUI is a Public Sales project on OKX is also a strong return of OKX Jumpstart.
Summary
What do you think about OKX and OKX Jumpstart. Can OKX rise as worthy competitors to Binance in the future?
