Major platforms frequently introduce new features, support for additional assets, and exciting campaigns. Staying informed about these updates is crucial for users looking to maximize their experience and explore new opportunities. This guide covers a range of significant announcements, from new token listings and product launches to important security initiatives.
New Token Listings and Trading Pairs
Platforms continuously expand their offerings by listing new digital assets, providing users with more options for trading and investment.
WalletConnect (WCT) Listing
The platform announced the introduction of spot trading for WCT (WalletConnect). WalletConnect is an essential web3 infrastructure protocol, enabling secure connections between wallets and decentralized applications.
Wayfinder (PROMPT) Listing
Spot trading for PROMPT (Wayfinder) was made available. Wayfinder is a blockchain project focused on creating innovative solutions within the decentralized ecosystem.
Babylon (BABY) Listing
The platform listed BABY (Babylon) for spot trading. Additionally, pre-market futures contracts for BABY were introduced, allowing for advanced trading strategies before the standard market opens.
Solayer (LAYER) Listing
Spot trading for LAYER (Solayer) commenced. Solayer is a project building on the Solana blockchain, aiming to contribute to its expanding ecosystem.
Jito Staked SOL (JITOSOL) Listing
A forthcoming listing for JITOSOL (Jito Staked SOL) was announced. JitoSOL is a liquid staking token on the Solana network. It allows users to stake their SOL to earn rewards while maintaining liquidity to participate in other DeFi activities.
New Product Launches and Features
Innovation is key, and platforms regularly roll out new products and tools designed to enhance user experience, security, and functionality.
Perpetual Futures Contracts
The platform expanded its derivatives offerings with new perpetual futures contracts. These included contracts for XAUT (a gold-backed cryptocurrency) and INIT. Initia is a Layer 1 blockchain designed to unite appchains through its interwoven network infrastructure. Subsequently, perpetual futures for SIGN were also launched. Sign provides on-chain verification infrastructure for legal identities, digital contracts, and more.
Dual Currency Investment Products
New Dual Currency Investment products were introduced for tokens like IP and PARTI. This structured product allows users to potentially earn yields by opting to either "buy low" or "sell high" based on their market outlook and selected strategy.
Address Tracking Feature
A new address tracking feature was integrated into the platform's market interface. This tool allows users to monitor specific wallet addresses and set custom alerts for buy or sell transactions, making it easier to track market movements.
K-Line News Integration
To help traders stay informed without leaving the charts, the platform began displaying relevant news articles directly on a token's K-line (candlestick) chart page. This integration provides context for price movements directly within the trading view.
Expert Tracker Leaderboard
An "Expert Tracker" or leaderboard feature was launched. This tool provides transparency by allowing users to view the trading histories, holdings, and real-time rankings of successful traders on the platform. Users can choose to make their own data public or keep it private for personal analysis.
Plugin Wallet Authorization Management
A significant security update was released for the platform's plugin wallet. The new authorization management feature enables users to view and control the smart contract permissions they have granted. It also provides pop-up warnings for potentially risky authorizations, helping users safeguard their assets.
Sonic Chain Support
In response to user demand, the platform's wallet added full support for the Sonic blockchain. This integration allows for seamless transfers, enables users to discover popular tokens on Sonic, and facilitates token swaps directly within the wallet interface.
OKX Pay Launch
A major new product, OKX Pay, was officially launched. This service aims to provide a seamless payment solution with features such as zero-fee transactions, chat-based transfers and red envelopes (digital hongbao), and an annualized yield on stored funds.
DEX Upgrade
After a significant hiatus for upgrades, the platform's decentralized exchange (DEX) was reintroduced. The new and improved DEX promises enhanced security, a more refined trading experience, and smoother overall interaction for users engaging in decentralized finance.
Campaigns and User Rewards
Engaging campaigns are a staple, offering users the chance to participate in activities and earn rewards.
Story DeFi Season
A campaign was hosted within the Story ecosystem, allowing users to earn a share of 183,785 IP tokens by participating in DeFi activities through various protocols. Users could deposit assets like IP, vIP, USDC.e, or wETH to qualify.
Cryptopedia Season 32
A new season of Cryptopedia was launched in collaboration with BitcoinOS. This learning and rewards program featured a prize pool of 750,000 USDT in BOS tokens, alongside other rewards for completing simple tasks.
WCT Trading Campaign
A trading competition for the newly listed WCT token was announced, featuring a massive reward pool of 1,200,000 WCT for participants.
Strategy Trading Championship
A high-stakes trading competition was held, offering a total of 1 million USDT in strategy fee rebate vouchers. The top 100 traders on the leaderboard were also eligible to receive bonuses of up to 1,000 USDT each.
Staking for SOLV Airdrops
An existing campaign that involved staking Bitcoin (BTC) to earn SOLV token airdrops was extended. The reward pool received a substantial boost with an additional 5,726,000 SOLV added, and existing participants were automatically entered into the extended event.
Holiday Themed Events
Special events are often tied to holidays. For instance, a Labor Day event featured two activities within the platform's community: a "Web3 Worker's Diary" content submission contest and a daily trivia challenge with rewards and exclusive digital badges for participants.
Weekly Friday Giveaways
Recurring "Welfare Friday" events often focus on community education and engagement. One edition was a quiz on fraud prevention knowledge, with rewards for selected participants. Another discussed the technical implications and future outlook of a major Ethereum network upgrade, encouraging users to share their perspectives.
Security and Transparency Reports
Maintaining user trust through transparency and security is a top priority. The platform regularly publishes reports detailing its safety measures and financial health.
CEX Security Report
A monthly report highlighted several key metrics:
- The publication of its 29th Proof-of-Reserves, demonstrating a commitment to asset transparency.
- Maintenance of a Risk Reserve exceeding $2.31 billion to help protect users from extreme market losses.
- The "Cooling-Off Period" feature for contracts was activated by over 63,000 users, promoting deliberate trading.
- The successful processing and return of 617 misdeposited assets, valued at over 1 million USDT, free of charge.
Web3 Security Report
A separate report focused on Web3 security initiatives, noting:
- The release of a standalone wallet app on official mobile stores.
- The triggering of over 9.6 million transaction risk warnings to protect user assets.
- The continuous monitoring and blacklisting of risky tokens, domains, and addresses to create a safer ecosystem.
Security Tips and Fraud Prevention
User education is a critical component of overall platform security. Several announcements were dedicated to helping users identify and avoid common scams.
Recognizing "Pig-Butchering" Scams
Users were educated on the signs of "pig-butchering" scams, a long-term con that builds trust before exploiting victims. Official educational resources were provided to help users learn how to spot and avoid these sophisticated schemes.
Verifying Official Communications
A critical reminder was issued that the platform never authorizes third parties to contact users via phone or private messages to solicit passwords or verification codes. Users were urged to always verify contacts through official channels and to never share sensitive information.
Handling Suspicious Messages
Users were advised on the correct steps to take if they receive a suspicious message from someone claiming to be official support:
- Verify the identity of the person through official verification channels.
- Avoid clicking on any links provided in unsolicited messages.
- Report the impersonator to official platform administrators immediately.
Protecting Against New Scams
Warnings were issued about new types of fraud, including sophisticated phishing attempts. Users were reminded to only download apps from official sources, to be wary of "exclusive benefits" offered through unofficial channels, and to use the platform's official verification page to confirm the authenticity of any communication.
Frequently Asked Questions
What are the benefits of using a liquid staking token like JITOSOL?
Liquid staking allows you to earn staking rewards on your assets (like SOL) while retaining the liquidity of those assets. Instead of your funds being locked, you receive a token (like JITOSOL) that represents your staked position. You can then use this liquid staking token in other DeFi protocols to generate additional yield.
How can the address tracking feature help my trading strategy?
The address tracking feature lets you monitor the wallets of large holders or "whales." By setting alerts for when these addresses make large moves, you can gain insights into potential market sentiment shifts or follow the actions of experienced traders, informing your own decisions.
What is the purpose of the contract cooling-off period feature?
The cooling-off period is a safety tool that introduces a mandatory waiting time before a new futures or contract position is opened. This brief pause is designed to prevent impulsive trading decisions driven by market hype or fear, encouraging more deliberate and thoughtful risk management.
Why is managing smart contract authorizations important for security?
When you connect your wallet to a dApp, you often grant it permissions to interact with specific tokens in your wallet. If a smart contract has malicious code or has its permissions exploited, it could potentially drain approved assets. Regularly reviewing and revoking unnecessary permissions is a crucial security habit.
Where can I find official announcements and avoid scams?
Always rely on information from the platform's officially verified announcement channels. Be extremely cautious of anyone contacting you directly through private messages on other platforms claiming to be support staff. ๐ Explore official verification methods here
How does a Dual Currency Investment product work?
This structured product allows you to earn a yield by predicting whether the price of an asset will stay above or below a certain level. You select a target price and a settlement date. If the market price is on the correct side of your target at settlement, you earn a pre-determined yield. It's a way to potentially earn income in both bullish and sideways markets.