DUBAI, United Arab Emirates, May 23, 2023 (GLOBE NEWSWIRE) -- OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of May 23, 2023.
OKX to List PulseChain's PLS Token on its Spot Market
OKX is proud to announce that it now allows deposits for PLS, the native protocol token of PulseChain, starting at 09:00 (UTC) on May 23. Once the PLS token deposit meets OKX's requirements, the exchange will list the PLS token on its spot market. This addition will enable users to trade PLS against USDT via the PLS/USDT spot pair. Withdrawals for the PLS token will be enabled at 09:00 (UTC) on May 26. For further details, click here.
PulseChain is a public blockchain that offers fast and cost-effective transactions. It was created as a hard fork of Ethereum, preserving the complete history of Ethereum's blockchain, including transactions, user accounts and smart contracts. The native token of PulseChain is PLS.
OKX Launches Love Hate Inu Simple Earn Product
OKX is proud to announce the launch of its Love Hate Inu (LHINU) Simple Earn product. Starting at 03:00 (UTC) on May 23, users can earn rewards by staking LHINU with just a few clicks.
LHINU Simple Earn offers two different staking terms, three days and 30 days, with estimated annual percentage rates (APR) of 5% and 8%, respectively. For further details, please click here or refer to the table below:
| Stake | Term | Max subscription amount (total) | Min subscription amount (individual) | Max subscription amount (individual) | Est. APR | |
| LHINU | 3 days | 50,000,000,000 LHINU | 1 LHINU | 100,000,000 LHINU | 5.00 | % |
| LHINU | 30 days | 18,000,000,000 LHINU | 1 LHINU | 3,000,000 LHINU | 8.00 | % |
OKX's Simple Earn gives users the opportunity to earn with idle currency through a low threshold and easy-to-start process. Simple Earn offers different terms to choose from, and each term corresponds to different sources of yield*.
LHINU is a vote-to-earn utility meme coin that fuels Love Hate Inu, which claims to be the first blockchain-powered voting platform capable of recording immutable results via distributed ledger technology. The platform combines its custom-built stake-to-earn and vote-to-earn mechanisms to incentivize participation.
*Note: Historical returns are not indicative of future returns. OKX does not guarantee the repayment of the principal or interest in the form of currency, physical objects, equity or other types of properties within a certain time period.
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About OKX
OKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for traders, OKX’s crypto exchange is the second largest globally by trading volume.
OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
