OKEx Integrates Dapp Features But Native Tokens May Have Problems

OKEx adds a dapp search feature to improve the discoverability of decentralized applications. But will it weather the impending regulatory challenges?

while trying to avoid the wrath of the Exchange crypto winter, OKX adds a new feature to enhance the discoverability of decentralized applications (Dapps). But potential challenges could come from regulators.

OKEx adds dapp discovery feature

crypto exchange OKX cooperated With App Store for Decentralized Applications – DappRadar to increase discovery and interaction with Web3. OKX will use the DappRadar API to provide better Dapps discovery capabilities for its users.

In return, DappRadar will have OKX purse To allow users to “simply log into DappRadar, access their portfolio, and discover dapps” as a default connection option.

Second proof of reservation

OKX issues second proof of reserve (Knucklesreport with new Properties To allow users to view the reserve ratio for new and historical data. according to Press releaseThe Company is committed to publish the monthly PoR by the 22nd of every month.

okex reserve
source: Twitter

But, keeping in view the current scenarios, the community believes that publishing proof of reservation only is not enough To protect investors.

while one proof of reserve audit While a great way to build trust, they are not without boundaries. what happened after all The Fall of FTX It had liabilities. An obligation is an obligation, especially a debt, that a company must owe to another party (eg, a creditor). so forward community the demands Also proof of liabilities.

Potential regulatory problems for OKB

OKB is the native token of OKX. This week, the Securities and Exchange Commission (SEC) addressed FTX Token (FTT) as a security., Community believes that that the FTT is being declared security Set a dangerous precedent for all exchange tokens.

Will OKB be labeled as a security?

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BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.

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