OceanEx is a proprietary cryptocurrency exchange and asset management platform launched by BitOcean Global that will serve as an exchange, trading platform and asset management platform within the VeChainThor Ecosystem.
And it has just launched its beta version.
This is great news for VET ecosystem as this OceanEx will serve as the base exchange for dApps and tokens that run on VeChain. As a major member of the VeChain Ecosystem, all VeChain Foundation based, sponsored, or approved projects will always be favored and will be listed before non-base VeChain projects. Tokens will also be able to be traded with a VET pairing.
This means increased liquidity for VET and VTHO but more importantly for VeChain launched tokens. Some of the more known dApps that are based on VeChain are dBet, MustangChain, Plair, BitOcean and less known projects like Db Schenker DAPP, Kryptocloud, DocKrypto, KryptoMobile etc.
In addition to providing trading pairs in BTC, ETH with other mainstream tokens, OceanEx will provide VET trading pairs and will list all new projects officially endorsed by the VeChain Foundation and released on the VeChainThor Blockchain. OceanEx is launched with a proprietary trading engine that is ultra-efficient and optimized for high-frequency trading. OceanEx will be supported by the exchange’s native token “OCE”. OCE token is used to pay for fees of services such as: transaction fee, withdraw fee, listing fee, argo/fund deployment fee, voting right in project listing pool, invitation to OceanEx’s quality community events and meetups, access to the market research center in OceanLa, subscribe to and use the professional developed trading tools and investment products such as CryptoBento.
CryptoBento™ is a significant innovation in that it is a type of bundle that owns/represents the underlying cryptocurrencies at any fractional or full amount in predetermined ratios as set by the issuing liquidity provider to be traded as a joint “boxed” sets. Coin holders do not directly own or have any direct claim to the underlying investments in the fund; rather they indirectly own these cryptocurrencies through the CryptoBento™ that can be purchased on the OceanEx Platform.
The positive effect of being listed on an exchange has been quite substantial for altcoins and newly-issued ICO tokens as it not only provides the digital asset with a certain level of industry approval but it also allows a much larger VET investor base to invest in it. For the newly launched tokens it can be of life importance to have a guaranteed listing and some initial liquidity before they get some traction and users.