Bittime –OKEx, a crypto Web3 technology company, announced the latest update on March 19, 2024. This update is related to one of the tokens, namely Polyhedra Network, ZK,which has just entered the OKEx sell list.
OKX Lists ZK Token on the Perpetual Futures Market
Today, OKEx officially listed USDT-margined ZK token contracts on their perpetual futures market. This registration allows users to trade ZK/USDT with up to 50x leverage.
Additionally, margin trading and Simple Earn for ZK tokens will be available starting at 04:00 AM (UTC) on March 21, 2024. These updates will be available across web interfaces and mobile apps, as well as APIs, giving users more flexibility and choice in their trading strategy.
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About ZK Token and Polyhedra Network
ZK is the native token that powers the Polyhedra Network. This network offers a cross-chain solution for Layer 1 and Layer 2 via zkBridge. zkBridge leverages zero-knowledge proof technology to securely verify inter-chain state transitions, without requiring third-party trust. zkBridge technology not only ensures strong security without external assumptions, but also lowers on-chain verification costs.
Impact of ZK Listing on OKEx
By listing the ZK token on OKEx, several potential positive impacts could occur, including:
1. Increased Liquidity
OKEx is a large crypto exchange and has many active users. Listing ZK on this platform has the potential to increase the overall liquidity of the token, making buying and selling easier for traders.
2. Increased Awareness
Wider exposure on OKEx could increase public awareness of Polyhedra Network and its technology, zkBridge. This could spark investor and developer interest in ZK and the Polyhedra ecosystem.
3. ZK Price Increase
The surge in demand and ZK trading on OKEx has the potential to drive the token price up. However, this depends on other factors such as market interest and overall ZK utility.
Also read How to Buy Crypto:
Conclusion
The listing of the ZK token on OKEx is a significant step forward for Polyhedra Network. Ease of trading access and wider exposure have the potential to increase their adoption of zkBridge technology.
However, it is important to note that the crypto market is still volatile and the price of ZK can move up or down. Investors need to do their own research and analysis before making investment decisions.
Listing on a new exchange does not always guarantee long-term success. Polyhedra Network must continue to develop its technology and build a strong ecosystem to ensure long-term sustainability.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Guide to Getting Polyhedra Network (ZK) Airdrop and How to Use It
Polyhedra Network: Bringing ZK Technology to Developing Web3
Bitcoin Reverses Direction to $65,000, Investors Watch Risks of Fed Decision
DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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