AMA RECAP : CRYPTO CHALLENGERS x OKC
Venue : CryptoChallengersD
Date : 26MAY2022
Time : 12:00 PM UTC.
They shared detailed information and his opinions about the project OKC
SEGMENT 1 INTRODUCTION.
1.Could you please provide a quick self-introduction for the community?
Sure! My name is SI. I am the Community manager of OKC. I have been into crypto currency since 2018 and I am quite enthusiastic about Defi and Metaverse. Before becoming a community manager at OKC, I worked as a copywriter, a CM for various crypto startup projects.
2.Can you briefly introduce OKC?
Sure! OKC is a secure & programmable smart contracts platform for next-generation
decentralized applications, backed by OKX, one of the largest crypto exchanges. The
technology built into the chain was designed explicitly for high-performance trading
activities and financial services with lower cost, making it an excellent match for many
DeFi protocols, NFTs, and other Metaverse applications.
3.What are the advantages of OKC?
They are as follows
● High Performance: Based on enhanced Tendermint and Delegated Proof of
Stake (DPoS) consensus that can support up to 1500 Transactions per Second
(TPS), DeFi (decentralized finance) applications shall reach their full potential at
a meager cost.
● Compatibility Doubled: OKC will support Inter-Blockchain Communication (IBC)
protocol that — together with the Tendermint consensus algorithm, features instant
finality — can be used to realize value transmission between the Cosmos ecosystem within seconds. OKC is also 100% EVM compatible, meaning that the decentralized app
(DApp) developers can deploy their DApps from the Ethereum network (or other
EVM compatible blockchains) to the OKC with ease. Smart contracts are written in
Solidity can function on OKC as they do on Ethereum.
● Developer Friendly: OKC is entirely open-source. Anyone can read it, check
on the progress, comment on it, and help build the ecosystem. OKC also provides native oracle protocol and industry-leader Chainlink for maximum flexibility to access price feeds.
● Secure: The OKC team offers a reliable smart contract auditing service, making it
a genuinely decentralized protocol that avoids the centralization risks of most blockchain networks today.
•Low cost & Fast: For crypto users, OKC is super fast and has low fees. Compared to other blockchains, transactions go through in a matter of seconds and transaction costs are super low. You can check the data about OKC with this link: https://www.oklink.com/en/okc/tx-list/?limit=20&pageNum=1
4.Could you tell us what OKT is? And what are the functions of OKT?
OKT is OKC’s native token that acts as the base token for OKC’s DPoS consensus.
Functions of OKT:
Use of system resources
A program running on the OKC network requires OKC to allocate certain network resources — such as computation, storage, bandwidth, etc.
As such, OKC adopts the Ethereum model of charging according to resource usage — that is, a corresponding transaction fee must be paid for the execution of the relevant transaction. The specific pricing method is the cost of executing a transaction = “ceil” (Gas x Gas Price), where Gas Price is the consideration the operator is willing to pay for each Gas, which is priced in OKT.
As mentioned, you will need OKT to pay for transactions on OKC. Current OKT Total supply is 41,960,000
5.How many projects have been deployed on OKC, and which crypto space is your team focusing on right now? And how do you think you stand out among the competitors if there are any?
ATM we have over 190 projects on our chain.
OKC= Reborn for Metaverse. This is our slogan, since last year our team focusing on Metaverse, GameFi, NFTs, and lately on X to Earn projects.
OKC is extremely faster (only takes around 3 seconds)and cheaper(Gas fee<$0.01) than other chains. OKC is a very good choice for users who need to move their funds regularly or interact with blockchain frequently, like games.
Metaverse-related Dapps, games, in particular, are growing very fast on OKC, but DeFi-related Dapps are also playing a big role and OKC will keep attracting top DeFi Dapps. As of date, DeFi protocols like SushiSwap, Pickle, Autofarm, etc have deployed on OKC
6.How big is the community? What type of activities do you do to expand your community and keep them engaged?
Currently our community includes more than 300K active users on all social media channels, including Twitter, Telegram, Discord, and Reddit.
Our community usually stays active by discussing current topics in crypto, playing games and overall having fun. In return, our active users are rewarded with giveaways, airdrops and other incentives.
In our telegram group, we organize 2–3 AMAs per week with top projects. On our discord, we organize game nights, quizzes, and other fun activities to make sure that our community is having fun and staying strong.
I highly recommend anyone who is interested to join our communities and see for themselves.
7.Do you also organize marketing campaigns?
Yes, marketing campaigns are a big part of our goal to reward OKC users. Currently, we have Content Creators Campaign that has been running for the past 3 weeks. In this campaign, our users create content about OKC in their local languages (videos, article blogs, educational content) and collect points. Every week, we then choose the best contents and reward creators who have the highest points.
In the past we had a mega huge Metaverse Carnival with over $300,000 worth of rewards were given to OKC Community.
Here’s an attached poster for the carnival
8.What can we expect from OKC in the future?
More & more projects will support OKC, as of now on average we have a few projects deploying on OKC every week. We believe OKC has a huge potential to be one of the best public chains today.
Another exciting update from OKC is that our product and technical teams are working on OKC Swap and OKC Treasury, so stay tuned!
9.Where we can learn more about OKC?
You can always check our Social media accounts and join our communities to stay tuned for OKC ecosystem updates.
Yeah, I will really like to encourage you all to utilise the OKC Network due to its low fees and high speed, be you an end user or a developer, it benefits each and everyone who uses blockchain technology.