Former OKX CEO Jay Hao has announced the upcoming launch of a new cryptocurrency exchange, OSX, based in Dubai. Slated for release in early December, OSX is being developed by a veteran team and aims to introduce a unique sharing economy model distinct from existing trading platforms.
The system's integrity has already been verified, and the exchange has secured partnerships with numerous trader organizations in Dubai and India. An invitation-only seminar, hosted by various Korean companies and venture capital firms, is scheduled for November 23rd. Further agreements with trader organizations in Korea and Japan are expected to be finalized imminently.
Core Philosophy and Leadership Vision
Jay Hao, serving as Chairman of OSX, emphasizes that trust will be the foundational differentiator for the new platform. He states that whether users place their trust in centralized entities (CEXs) or decentralized technology (DEXs), they are more likely to engage with a brand they believe in.
His vision for OSX is to build an exchange that is entirely constructed on the principle of trust. The goal is to create a sustainable brand that provides real choice, control, and rewards for its users. The initiative plans to go beyond offering competitive costs and services to foster a sense of community and shared success.
A pivotal part of this strategy involves a substantial profit-sharing model. OSX has committed to distributing 30% of its profits back to its clients, reinforcing its philosophy of shared growth and the decentralized ethos of blockchain technology.
The OSX Token and Exchange Economy
Central to the OSX ecosystem will be its native token. Currently in the seed investment stage, the token is planned to be listed directly on the OSX exchange upon its launch in early December. The project further aims to secure listings on several other top-tier global exchanges within the first two quarters of the following year.
To support this goal, OSX is actively building friendly relationships and forming partnerships with other leading exchanges in the industry. This network is intended to ensure robustness and provide widespread access to the OSX token from the outset.
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Strategic Partnership with StarkMeta
Marking a significant milestone, OSX has selected StarkMeta as its first listed company and a year-end launchpad project. StarkMeta, a startup based in Singapore and Hong Kong, is recognized as the first game development company in the industry to integrate Unreal Engine 5 with AI and Web3 technologies.
Jay Hao commented on this partnership, stating that it strengthens OSX’s core philosophy of wealth sharing. He reiterated his belief that exchanges have a responsibility to share success with their users and stakeholders.
Jaian Cuttari, CEO of StarkMeta, expressed enthusiasm about the collaboration. He highlighted the potential to provide novel user experiences through the synergy of a next-generation exchange like OSX and an innovative metaverse company like StarkMeta.
Frequently Asked Questions
What is the OSX exchange?
OSX is a new cryptocurrency exchange based in Dubai, founded by a team of industry veterans led by former OKX CEO Jay Hao. It aims to differentiate itself through a strong emphasis on trust and a unique profit-sharing model for its users.
When will the OSX exchange launch?
The official launch of the OSX exchange is currently planned for early December. Its native token will be listed on the platform at that time, with ambitions to expand to other major exchanges soon after.
What is the OSX profit-sharing model?
OSX has committed to sharing 30% of its profits with its clients. This initiative is designed to reward users for their participation and foster a stronger sense of community and shared ownership in the platform's success.
Who is StarkMeta in relation to OSX?
StarkMeta is a game development startup and has been selected as the first company to be listed on the OSX launchpad. This partnership aligns with OSX's goal of promoting innovative projects that combine advanced gaming technology with blockchain.
How does OSX plan to build trust?
The leadership emphasizes that trust will be a core operational pillar. This will be achieved through transparent operations, a client-centric profit-sharing model, and by providing a secure and reliable trading environment. For a deeper look at establishing trust on new platforms, 👉 view real-time tools and insights.
What makes the OSX token unique?
The OSX token is intended to be the central element of the exchange's economy. Its unique value proposition is tied directly to the platform's profit-sharing mechanism, offering holders a direct stake in the exchange's financial performance.