$0.00726 -1.20%
VET · 32w

Pre-registration now open for Vechain-based OceanEX exchange. Alpha testing planned to start later this month.

The VeChain-based OceanEX digital currency exchange is slated to begin alpha testing this November. Pre-registration began on October 22, though new users are still encouraged to sign up in the coming days.

How OceanEX Works

OceanEX is built for the VeChainThor ecosystem. VeChainThor is a Blockchain-as-a-Service (BaaS) platform working to create a “trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration and high-speed value transferring.”

While only around for 2 years,VeChain has already been implemented into several industries including logistics, agriculture, food and drugs, luxury goods, and international government systems. Using VeChain, one can track items through a supply chain to ensure the quality and authenticity of items and maintain quality control.

Those interested in signing up for the alpha testing of OceanEX are required to undergo basic know-your-customer (KYC) protocols. This includes uploading proof of residence, along with a government-issued identification card or driver’s license to the website.

What’s Next for OceanEX?

Prior to the start of alpha testing, executives will continue to work on internal testing and the external security audit. Once the alpha stage is complete, the exchange will be launched in Q1 2019.

Via OceanEX, consumers will have access to the following trading pairs: BTC/USDT, ETH/USDT, ETH/BTC, VET/USDT, VET/BTC, VET/ETH and VTHO/VET. VET is the official cryptocurrency of VeChain.

In addition, traders will be privy to what the team calls a “competitive fee,” in which OceanEX will allegedly charge the “lowest transaction fee” in the market for VET trading pairs. The exchange’s WhaleClub members will even enjoy a special 0 percent transaction fee so long as they continue to trade in VET.

Lastly, customers are being assured that they will have access to top-of-the-line account security, along with customized trading ...

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