OKC looks forward to adopting a multi-chain approach while enabling seamless cross-chain transactions. The objective is to boost interoperability, and for the same purpose, the platform has announced three new features, namely IBC Transfers, OKC Bridge, and OKC Swap.
Projects are already being encouraged to construct their projects around interoperability. The announcement of three new features will support developers who have either initiated their projects or are in the initial planning phase.
OKC Bridge and IBC Transfers will work hand-in-hand following the opening up of the bridge between OKC and other public chains. Once opened up, the sequence will allow users to move their assets efficiently between OKC and other chains.
Users are benefited in another way as anyone who bridges more than $100 of any token will qualify for an OKT airdrop.
Chains supported by OKC at the moment are:-
- TRON
- Ethereum
- Litecoin
- Bitcoin
- Polkadot
- Bitcash
- Ripple
- Filecoin
OKC Swap, the official decentralized exchange, is backed by OKX. OKC Swap provides stable and safe swaps with low slippage, strengthening the commitment of the platform to serve users and projects in a better way.
Slippage has been at the center in recent times, especially since the volatility of the crypto market has increased. However, the amount of slippage continues to rely on the level of liquidity depending on the order size. Slippage is nearly negligible when the size of an order is small, including for high-demand assets.
Another circumstance where the order size is comparatively large for a less available asset makes slippage crucial as a slight increase in the level affects the user.
With OKC Swap by the side, users will have an assurance of proceeding with low slippage as it will offer a safe and stable swap.
OKC, also known as OKX Chain, is built on Cosmos as an EVM-compatible L1 to focus on interoperability and maximize performance. Developers turn to OKC when scaling their projects with low gas fees.
OKX was founded in 2014 and had its headquarters in Hong Kong. Over 350 cryptocurrencies are listed on the crypto exchange platform, with an option of more than 500 trading pairs available for traders to choose from.
Some of the fiat currencies supported by OKX are USD, INR, CNY, JPY, and RUB. The registration process is effortless, starting with users signing up with their basic information. More details about the registration process can be found in the OKX review. OKB is the native token of the platform. It can be used to settle the trading fee and pay for exclusive services like enhanced API rates.
The platform interface is easy to use, with a large selection of assets and multiple payment options available for the users. A wide range of trading solutions can be accessed on OKX, including spot trading, DEX trading, and perpetual swap.
Customer service is open 24/7 with a good quality offering to the users with all the aspects of platform and trading.
Source: https://www.cryptonewsz.com/okc-announces-ibc-transfers-okc-bridge-and-okc-swap-to-boost-interoperability/