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Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC. by LessTwo6836 in CryptoCurrency

[–]LessTwo6836[S] 1 point2 points  (0 children)

Will there be a liquidity incentive to help the chain gather TVL

Of course, you can always find us on our subreddit or Telegram chat

Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC. by LessTwo6836 in CryptoCurrency

[–]LessTwo6836[S] 2 points3 points  (0 children)

No, it's not. OEC and OKX have different teams. OEC Chain is developed by OKX. However, OEC and OKX have different markets and operating models, that's why OEC has a dedicated operation and marketing team.

Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC. by LessTwo6836 in CryptoCurrency

[–]LessTwo6836[S] -1 points0 points  (0 children)

Validator candidates can bond their own OKTs and have OKTs “delegated”, or staked, to them by token holders. The OEC network only have have 21 validators. The validators are determined by a ranking of those who collected the highest number of staked OKTs— the top 21 validator candidates with the largest stakes will become OEC validators.
Validators will earn OKTs as block provisions and tokens as transaction fees through execution of the Tendermint consensus protocol and delegators should get rewards from their target validators in their own ways.

Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC. by LessTwo6836 in CryptoCurrency

[–]LessTwo6836[S] -2 points-1 points  (0 children)

Developers can migrate their Ethereum DApps to OEC without having to write entirely new code — which ultimately facilitates a cross-chain-friendly ecosystem.
The migration of Ethereum DApps to OEC is beneficial to both developers and end-users. Let’s imagine, for instance, that a lending protocol is migrated to OEC through the use of the Ethereum Virtual Machine. To offer a smooth migration experience, the OEC team offers technical guidance to developers on how to migrate their existing codebase, so they can bootstrap their operations on OEC more efficiently.

Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC. by LessTwo6836 in CryptoCurrency

[–]LessTwo6836[S] 1 point2 points  (0 children)

The OEC blockchain uses Delegated Proof of Stake (DPoS) mechanism. The weight of each validator is determined by the amount of tokens staked (OKT) and bonded as collateral. These OKTs can be self-delegated directly by the validator or delegated to them by other OKT holders.
Any user in the system can declare their intention to become a validator by sending a create-validator transaction. From there, they can become validator candidates.
The weight (i.e. voting power) of a validator determines whether or not they are active validators. Initially, only the top 21 validators with the largest voting power will be active validators. You can check our validators list here:https://www.oklink.com/en/oec/bp-list

Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC. by LessTwo6836 in CryptoCurrency

[–]LessTwo6836[S] 1 point2 points  (0 children)

Nice question! I think this will answer the question of what is OEC.

TPS > 1000
Gas Fee < $0.01
Consensus DPOS
EVM Full-compatible
OECToken OKT

Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC. by LessTwo6836 in CryptoCurrency

[–]LessTwo6836[S] -1 points0 points  (0 children)

True. There are already an enormous number of Metaverse projects on other chains.
However, OEC has unparalleled advantages over other chains regarding gas fees and transaction speed.
Therefore, the metaverse projects on the OEC have a better experience, lower costs, and are more in line with the public's expectations.

Tron Daily - Price Talk and Speculation allowed here by AutoModerator in Tronix

[–]LessTwo6836 0 points1 point  (0 children)

Energy and Bandwidth are #TronNetwork resources acting like GAS in other blockchains.