Key takeaways:
- Bybit has announced that Oookeenga (OKG) will be the next token on Bybit Launchpool
- Bybit Launchpool allows users to earn tokens from up-and-coming projects simply through staking
- Ookeenga is a GameFi project that combines elements from the RTS, CCG and tower defense game genres
The Bybit cryptocurrency exchange has announced that OKG, the governance token of GameFi project Ookeenga, will be the next token featured on the Binance Launchpool platform.
Ookeenga is a video game that offers both PvE and PvP game modes to players. In terms of gameplay, Ookeenga combines characteristics from the real-time strategy, collectible card game and tower defense genres. The game leverages non-fungible token (NFT) technology to represent playable items and characters, giving players the opportunity to own and trade their in-game assets freely.
The Ookeenga ecosystem features two tokens: OKG and KAB. OKG, which has a limited supply, functions as a utility token and also grants its holders the right to participate in governance. KAB does not have a supply cap and functions as a payments token that can be spent on creating new characters, upgrading items and other in-game activities.
OKG, the token that will be featured on Bybit Launchpad, is issued on the BNB Chain blockchain using the BEP-20 standard. Ookeenga players will be able to earn OKG through staking, in-game activities and participation in the governance process. The Ookeenga project says that control of the community treasury, which will hold revenues generated by the Ookeenga platform, will eventually be transferred over to OKG stakers.
BIT holders can now get OKG tokens for free on Bybit Launchpool
Bybit Launchpool is a platform where users can earn tokens from up-and-coming blockchain projects without taking on any significant risks. Users can simply stake their tokens into a pool to earn new tokens, and are free to unstake at any time. After unstaking, the user receives all of their staked tokens back immediately.
At the time of writing, users can stake their BIT tokens to earn OKG on Bybit Launchpad. In total, 4 million OKG will be distributed to stakers in this pool. So far, more than 5.5 million BIT has been staked by over 1,000 users in total. According to Bybit, OKG holders will also be able to stake their tokens at a later point in time to earn additional OKG. A total of 500,000 OKG will be distributed through this pool.
