OK Jumpstart: Echoin (EC) Opened 3.5x of Listing Price and Pledgecamp (PLG), the 7th Token Sale Project Announced

Malta, 15 Aug 2019 – OKEx, a world-leading cryptocurrency exchange, is set to launch the 7th OK Jumpstart project of Pledgecamp (PLG) after the launched of the token sale of Echoin (EC) last week.

Echoin (EC) opened at 0.04 USDK last week, which is ~3.5x of the listing price on OK Jumpstart. EC/USDT spot trading pair is also available now.

Within only five months after its establishment, OK Jumpstart has already launched seven projects. With the aim of incubating high-quality blockchain projects, the platform cherrypicks projects with proven records based on its holistic evaluation with the COMPASS model. The model assesses the potential growth of each candidate project in seven major aspects: creativity, operational competence, marketing competence, progress, activeness of community, sustainability, as well as scalability, with 105 factors evaluated.

Pledgecamp is dubbed a crowdfunding 2.0 blockchain project. It is a next-generation crowdfunding platform that combines decentralized crowdfunding system with blockchain technology. The company launched the crowdfunding industry’s first smart contract escrow system, investors are protected during the crowdfunding process and are rewarded with PLG tokens. The system’s decentralized user governance mechanism and shared economic mechanism will enable exponential growth of the user network and provide crowdfunding for aspiring entrepreneurs around the world.

“Pledgecamp is a great project in the way that it connects companies and communities, and shares with everyone in the world an opportunity to become an entrepreneur. Such aspiration deserves a good place in the market,” said Andy Cheung, Head of Operations of OKEx. “The development of blockchain has been growing at a lightning speed. It is important that we explore different sectors of the whole industry and put our efforts in fostering every opportunity.”

Subscription Details
Pledgecamp has a total supply of 10,000,000,000 PLG and will be available on OK Jumpstart at $0.0025 per PLG, with an individual minimum subscription amount of 200,000 PLG. OKB is the only token accepted for the subscription and settlement. The exchange rate of OKB/USD will be confirmed on the sale day. There will still be 2 subscription sessions. The first subscription session will open at 06:00 (CEST, UTC+2), and the second at 07:00 (CEST, UTC+2).
First Subscription Session Supply: 400,000,000 PLG
Individual Minimum Subscription Amount: 200,000 PLG
Individual Cap: 400,000 PLG
Over-subscription Limit: 800,000,000 PLG

Second Subscription Session Supply: 400,000,000 PLG
Individual Minimum Subscription Amount: 200,000 PLG
Individual Cap: 1,600,000 PLG
Over-subscription Limit: N/A
Following the token sale, the PLG/USDK and PLG/USDT spot trading pairs will be available at 10:00 Aug 22, 2019 and 10:00 Aug 23, 2019 (CEST, UTC+2) respectively.

For the details of the token sale rules, please see Enhancement of OK Jumpstart Token Sale Rules.

Please stay tuned to OKEx’s Twitter and OK Jumpstart for latest updates.
About OKEx
OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token trading, spot trading, futures trading, and perpetual swap trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.

Leave a Reply

Your email address will not be published. Required fields are marked *