Cryptocurrency exchange OKEx is launching an investment programme called ‘Prime Investors,’ according to a company press release.
It will begin today. The goal is to create a platform which brings together professional investors and blockchain projects with “high qualifications.”
It is looking for investors who are experienced in blockchain investment to ensure the quality of the projects on the platform and lower the investment risk of customers. “With their help, we can boost the robust development of our ecosystem and advance our global expansion plan,” says OKEx.
Investments suggested by prime investors will receive priority at the OKEx listing committee and be recommended for listing at partners such as OKCoin Korean/International. Prime investors will also be invited to weigh in on the listing decisions of OKEx and will be provided with an “exclusive club” where they can hobnob with each other.
In addition to this, they will be invited to invest in OK Blockchain Capital-funded projects. OK Blockchain Capital is OKEx’s investment arm, which offers capital, consultations, technological support, marketing, and eventually listing on the OKEx exchange.
To qualify as a prime investor, you must own 0.5 million OKB tokens. These were sold in March 2018 in ‘packages’ of 66 to 100 tokens, which would have set you back 100 USD. They can be used to settle transaction fees on the exchange and traded for Bitcoin, Ethereum, and Tether.
OKEx is currently looking for 20-30 such people.
OKEx is the second largest cryptocurrency exchange on the planet with daily trading volumes of more than $2 billion. It is originally from China, but it is now internationally based, with offices in Belize and Hong Kong. It recently announced that it would be opening another location in Malta.
Earlier this year some alleged that OKEx was falsifying trading volumes and manipulating prices, charges which the exchange denied.