Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»CoinDCX’s Okto Chain allocates 1% of OKTO supply as developer subsidies.
TRADING NEWS

CoinDCX’s Okto Chain allocates 1% of OKTO supply as developer subsidies.

By Crypto FlexsSeptember 17, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CoinDCX’s Okto Chain allocates 1% of OKTO supply as developer subsidies.
Share
Facebook Twitter LinkedIn Pinterest Email

Okto Chain will allocate 1% of the upcoming tokens to incentivize early developers to start using the Okto Software Development Kit.

According to a press release shared with crypto.news, Okto, a blockchain focused on chain abstraction, has launched a grant program that allocates 1% of the total OKTO token supply to reward developers who start developing on the Okto chain using the SDK and built-in wallet before the token generation event.

Announced at the Token 2049 event in Singapore, the grant aims to encourage early adoption by helping developers integrate advanced Web3 features into their decentralized applications on Okto Chain.

Launched by CoinDCX in May 2024, Okto Chain aims to streamline blockchain integration and improve Web3 usability. The blockchain uses an orchestration layer that solves the problem of fragmented user experience across multiple blockchains, according to Neeraj Khandelwal, co-founder of CoinDCX and Okto Chain.

“With chain abstraction, we are breaking down technical barriers to enable the next wave of Web3 innovation,” Khandelwal told crypto.news.

The OKTO token, the native token of the Okto chain, is used to incentivize network participants, support decentralized security measures, and facilitate transactions across multiple blockchain networks. OKTO also plays a key role in the governance of the Okto chain, ensuring that developers, validators, and users all have a shared stake in the growth of the network. Detailed token economics for OKTO will be released later this year.

For developers, the Okto SDK simplifies blockchain development by providing a unified platform with a comprehensive set of APIs and programmable scripts known as “Blocs.” These tools allow developers to build dApps without worrying about gas management, transaction sequencing, or multi-chain compatibility.

According to the project white paper, the SDK is expected to reduce development time by more than 90%.

The announcement comes shortly after Okto Wallet, a self-custody solution built on Okto Chain, became the first Web3 wallet to receive a license to operate in RAK Digital Assets Oasis, a free zone in the United Arab Emirates. The development was part of CoinDCX’s expansion strategy in the region, where it previously acquired BitOasis, the first cryptocurrency exchange to be registered with the UAE’s Financial Intelligence Unit.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025
Most Popular

BTC Price ‘Double Top’ Risk – 5 Things to Know About Bitcoin This Week

July 9, 2024

Binance Launches LUNC Revival Campaign to Return USTC to $1

June 19, 2024

Wormhole initially involved its own hackers in the 670 million token airdrop.

April 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.