OKX introduced right this moment that OKX Pockets helps Telegram’s TON
OKX’s CMO Haider Rafique mentioned TON had been a break-out hit with a robust group behind it.
OKX added assist for the Toncoin (TON) community related to the Telegram messaging app to OKX Pockets, marking the one centesimal protocol because it builds on its “on-chain, any chain” philosophy.
The pockets, a standalone Web3 product that operates individually from the centralized alternate (CEX), integrates into OKX’s decentralized alternate (DEX).
Whereas OKX tries to offer entry to all kinds of tokens and protocols for its pockets, it additionally desires to offer a curated expertise and never each token meets its requirements, Chief Advertising Officer Haider Rafique mentioned in an interview.
“Our itemizing course of usually revolves round a few issues. First, we need to see some terminal velocity earlier than contemplating a list,” Rafique mentioned. “We intention for the appropriate timing when there’s already a built-up group and vital demand. If we launch one thing with out adequate demand, it would not match properly with our function.”
Market information from CoinMarketCap exhibits that TON has been a breakout hit with OKX. It’s the sixth most-traded coin on the centralized alternate, simply behind the BTC-USDT buying and selling pair and the SOL-USDT pair. Buying and selling for TON tends to extend each time new gamification options are launched, Rafique mentioned, observing that these options drive consumer curiosity and engagement.
“The utility most individuals are enthusiastic about is the convenience of taking part in-network incentives and applications. This gamification side is the most well-liked, based mostly on numerous indicators we observe,” he mentioned. “After all, there are speculators who simply need to maintain the token, hoping it appreciates as a result of it is backed by Telegram.”
As CoinDesk has reported, this rising TON-based economic system, utilizing Telegram as a hub, has pushed the token’s current outperformance of the broader crypto market.
Earlier than supporting TON, OKX Pockets expanded its capabilities by including assist for the NEAR, Blast, and zkLink Nova chains, in keeping with a launch.
OKX Pockets additionally not too long ago built-in Uniswap Labs’ buying and selling APIs and launched a platform for Web3 sport builders.