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Academy OKX Press room Article

OK Jumpstart 5th Project Eminer Recorded 4x of The Sale Price and its 6th Project Echoin is Set to Announce

2019.08.01 Vivien

OKX, a world-leading cryptocurrency exchange, launched its fifth OK Jumpstart token sale of Eminer (EM) last night, with satisfactory result, OK Jumpstart has already started rolling on to its 6th project with Echoin (EC).

With Eminer $EM opened at 0.0608 USDK at launch, which is ~4x of the sale price on OK Jumpstart. EM/USDT and EM/USDK spot trading pair is available now.

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OK Jumpstart 6th Token Sale, Echoin (EC) will be launched on Aug 8, 2019 (CEST, UTC+2).

Echoin is a public-chain ecosystem for the energy economy. It provides the industry with practical blockchain technology solutions and builds an energy ecosystem in which energy companies, DAPP developers, individual energy owners and financial institutions can participate.

Echoin has now reached an in-depth cooperation with one the world’s largest power producers Électricité de France for blockchain application projects, as well as with digital energy platform Newlinks to create a token system that covers 300+ cities, 10,000+ gas stations, and 200,000 charging points.

“Echoin demonstrated a good concept in addressing the current long and complex energy supply chain, with low efficiency but hist settlement cost, the rise of Echoin can help to reduce energy transaction cost, hence improve the ecosystem of energy industry,” said Andy Cheung, Head of Operations of OKX. “Echoin brought us with an extension arm in connecting other industries. To keep the ball rolling, crypto community needs voices like this and exchanges to evaluate its success.”

Subscription Details

2,000,000,000 EC will be available at the token sale at a price of $0.0113 per EC, minimum subscription amount is at 45,000 EC and each individual cap is set at 350,000 EC. OKB is the only token accepted for subscription and settlement with an exchange rate to be confirmed by the price on launch day. There will still be 2 subscription sessions to cater the needs of all users. The first subscription session will open at 06:00 (CEST, UTC+2), and the second session will open at 07:00 (CEST, UTC+2).

First Subscription Session Supply: 88,495,575 EC
Individual Minimum Subscription Amount: 45,000 EC
Individual Cap: 88,500 EC
Over-subscription Limit: 176,991,150 EC

Second Subscription Session Supply: 88,495,575 EC
Individual Minimum Subscription Amount: 45,000 EC
Individual Cap: 350,000 EC
Over-subscription Limit: N/A

After the token sale, the EC/USDK and EC/USDT spot trading pairs will open at 10:00 Aug 8, 2019 and 10:00 Aug 9, 2019 (CEST, UTC+2) respectively.

Please stay tuned to OKX’s Twitter and OK Jumpstart for latest updates.

END


Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.


About OKX

The world’s largest and most diverse cryptocurrency marketplace, OKX is where global crypto traders, miners, and institutional investors come to manage crypto assets, enhance investment opportunities, and hedge risks. We provide spot and derivatives trading, including futures, perpetual swap, and options, of major cryptocurrencies, offering investors great flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact:
Vivien Choi
Email: [email protected]
Telegram: @vivienchoi

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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