Abstract:
- OPNX will record its native alternate token FLEX on Seychelles-based crypto alternate MEXC International.
- FLEX was introduced because the alternate token for the brand new Open Change shortly after its launch.
- The brand new buying and selling venue includes founding members from troubled crypto corporations CoinFLEX and Three Arrows Capital.
Open Change (OPNX) will record its native alternate token FLEX on Seychelles-based crypto alternate MEXC International. The buying and selling platform based by executives from troubled crypto corporations CoinFLEX and Three Arrows Capital shared the itemizing information through a tweet on Tuesday. Crypto alternate MEXC additionally confirmed the itemizing on Twitter.
OPNX tweeted that FLEX may have a 100 million token max provide. Additionally, 20% of the income generated by FLEX will likely be used to again token burns. The brand new alternate hinted that staking providers and different incentives for FLEX are “coming quickly”.
MEXC International is a centralized crypto alternate that enables customers to entry primary crypto buying and selling amenities with out going by way of Know-Your-Buyer (KYC) verification. The crypto alternate situated in Seychelles was based in 2018 as a so-called “high-performance mega-transaction” digital asset buying and selling venue.
3AC And CoinFLEX Execs Elevate Funds For OPNX
Executives from bankrupt crypto alternate CoinFLEX and bankrupt crypto hedge fund Three Arrows Capital (3AC) accomplished funding for his or her digital asset enterprise OPNX on Mar. 7, one supply shared.
Open Change initially dubbed GTX sought to lift $25 million in seed funding, per a leaked pitch deck. 3AC co-founder Su Zhu confirmed that he was engaged on the brand new crypto alternate however declined to share extra particulars on the trouble.
The OPNX platform guarantees to unlock a $20 billion crypto chapter claims market regardless of being sandwiched between the failures of CoinFLEX and 3AC. Additionally, Open Change claims to be the “world’s first public market for crypto claims buying and selling & derivatives on order books” after launching on Feb. 9.
In response to a supply who spoke with 3AC’s Kyle Davies, Open Change might onboard as a lot as $20 million customers from beleaguered crypto corporations like 3AC, FTX, and Mt. Gox to call a number of.