- OKX has launched flash deals on its OKX Earn platform amid a potential cryptocurrency rally.
- The exchange also offers cross-chain gas swaps for wallet users to enhance their experience.
As cryptocurrencies flash signs of a potential stampede, exchanges are fighting to attract as many customers as possible. This has led to surprising deals for consumers.
OKX, one of the largest stock exchanges in the world, has launched several flash deals on its OKX Earn platform. The exchange has also introduced cross-chain gas swaps for OKX Wallet users, aiming to enhance user experience.
Starting this Friday, OKX Earn users can now participate in the flash deals on several symbols. These deals offer high annual percentage returns (APYs) on various assets for a limited time.
The first flash deal includes IguVerse (IGU), a popular digital asset, and offers 150% annual return for 7 days. The maximum initial bid is 1,000,000 IGU, with an individual limit of 4,000 IGU.
OKX plans to offer more express deals for various assets in the coming days.
It is important to note that higher APYs are primarily a marketing strategy. OKX offers these deals for a short period of time, as they will not be sustainable in the long run.
Cross-chain gas swaps for OKX wallet users
OKX is also expanding its gas swap feature to include cross-chain gas swaps. This means that when users want to perform a token transfer on-chain, they can pay for gas using different tokens.
Instead of just using the token, for example, Ether for EthereumUsers can use other tokens, including stablecoins such as USDT, USDC, or DAI.
Swap for gas currently supports nine networks: Ethereum, OKC, BSC, Polygon, Fantom, Avalanche, Arbitrumoptimism and you see. OKX has plans to expand support to other blockchains in the near future.
on the flip side
- With the increasing competition in the market, the exchanges will go to great lengths to attract users. While the deals may seem attractive, users should exercise caution and do thorough research before participating.
- Fake giveaways and airdrops are especially dangerous. Users should always ensure that they are dealing with reputable platforms.
Why should you bother
The introduction of flash deals and cross-chain gas swaps by OKX provides users with more opportunities and convenience in the crypto market.
Read about the mock airdrop circulating on Twitter:
Be careful! 3M Polkadot Airdrop is fake, and Twitter scammers are running rampant
Read about what Credit Suisse’s panic means for the crypto space going forward:
Credit Suisse Panic: Key Crypto Takeaways
