Realio Selected as OKEx’s Second Jumpstart Mining Project
Realio Network (RIO), a distributed ledger network designed for regulatory compliance in decentralized ecosystems, is selected as the second Jumpstart Mining initiative on OKEx, a world-leading cryptocurrency spot and derivatives exchange. Holders of OKB, the adopted global utility token of OKEx, can stake OKB to mine RIO tokens through this innovative, more equitable model of token issuance.
Realio is a blockchain solutions provider for issuers, fund managers and technology providers, committed to combining private equity with blockchain technology and providing a wider range of channels for high-quality institutional investment products that create long-term income and wealth.
Currently, Realio has tokenized more than $300 million worth of assets that power its entire ecosystem and incentivize the liquidity pool. Unlike previous forms of token issuance, without a private sale and pre-mining, the initial token distribution design ensures that users participate in the ecosystem on an equal basis.
“Realio greatly bridges the gap between the crypto world and the real world. By tokenizing physical assets, Realio is broadening the boundaries of crypto to a much larger audience. We are very excited to see such projects emerge and make OKEx Jumpstart Mining their platform of choice,” OKEx CEO Jay Hao said.
“We are thrilled to make top-tier investment opportunities available to mainstream investors around the globe,” says Derek Boirun Co-founder and CEO of Realio. “DeFi is the way of the future and OKEx is the ideal platform for breaking new ground and innovating the blockchain sphere.”
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The second OKEx Jumpstart Mining initiative started at 12:00 pm UTC on Sept. 15 and will last for 14 days. Spot trading of RIO will be available from 9:00 am UTC on Sept. 16. Unlike the previous round of Jumpstart Mining, for RIO, the individual staking limit has been adjusted to 2,000 OKB and KYC level 2 certification is required this time.
Jay Hao commented:
“The success of the previous round of Jumpstart Mining has made us even more confident about supporting high-quality projects in this new way. These emerging projects are leading the development direction of the industry, particularly in the area of DeFi right now. As a veteran player, OKEx is committed to supporting these innovative projects to promote the further progress of the space.”
Detailed rules of staking
- Token staked: OKB
- Token earned: RIO
- The total amount of mineable tokens: 3,750,000 RIO
- Mining period: 14 days
- Staking limit per person: 0–2,000 OKB
- Upper limit of total staking: None
- Staking rules: Stake and unstake at any time
- KYC requirement: KYC 2
- Time for opening the trading of the token mined: 9:00 am UTC on Sept. 16, 2020
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