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 Alternate shortly after its launch.
- The brand new buying and selling venue contains founding members from troubled crypto companies CoinFLEX and Three Arrows Capital.
Open Alternate (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 companies CoinFLEX and Three Arrows Capital shared the itemizing information by way of a tweet on Tuesday. Crypto alternate MEXC additionally confirmed the itemizing on Twitter.
OPNX tweeted that FLEX can have a 100 million token max provide. Additionally, 20% of the income generated by FLEX can be used to again token burns. The brand new alternate hinted that staking companies and different incentives for FLEX are “coming quickly”.
$FLEX, native charge paying token for OPNX, will record on MEXC 1 hour ⌛️
– 100M Max Provide Tune into our Q/A with our CEO Leslie and MEXC in 90 minutes for extra https://t.co/DAUWR2cWiC
— OPNX (@OPNX_Official) March 14, 2023
– 20% income $FLEX burn
– ~1.3M $FLEX already burned 🔥
– Bulletins on $FLEX staking, incentives & extra coming quickly
MEXC International is a centralized crypto alternate that enables customers to entry fundamental crypto buying and selling amenities with out going via Know-Your-Buyer (KYC) verification. The crypto alternate positioned in Seychelles was based in 2018 as a so-called “high-performance mega-transaction” digital asset buying and selling venue.
3AC And CoinFLEX Execs Increase Funds For OPNX
Executives from bankrupt crypto alternate CoinFLEX and bankrupt crypto hedge fund Three Arrows Capital (3AC) completed funding for his or her digital asset enterprise OPNX on Mar. 7, one supply shared.
Open Alternate initially dubbed GTX sought to boost $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 hassle.
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 Alternate claims to be the “world’s first public market for crypto claims buying and selling & derivatives on order books” after launching on Feb. 9.
Based on a supply who spoke with 3AC’s Kyle Davies, Open Alternate may onboard as a lot as $20 million customers from beleaguered crypto companies like 3AC, FTX, and Mt. Gox to call a couple of.
1/12 Kyle Davies reached out to me after this tweet.
The fundraising deal is completed.
However they will not disclose who’re the buyers – as most exchanges do not.
He additionally defined how the alternate, collateral system & tokenomics works: 🧵 https://t.co/A43gKBMjz0
— Ignas | DeFi Analysis (@DefiIgnas) March 7, 2023
