OceanEx Token Set For Launch After Six Month Wait

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OceanEx, the crypto exchange powered by VeChain, will launch its exchange token, OCE, Sunday after more than six months of patient waiting from holders who bought at ICO back in October. Given the recent success of exchange tokens like BTMX, which rose 200% in forty-eight hours last week, and the recent rises of BNB and KCS tokens, holders will be hoping the same fate befalls their token, as will buyers who were unable to get in at ICO. The launch reflects another development for the OceanEx platform, which has been quietly fulfilling its roadmap and has already garnered a legion of fans, who are excited to see where the exchange is headed.

Selected Projects Bring Exclusivity

The OceanEx exchange has been operating since November 2018, using VeChain’s VET token as a base for its pairings, and it is thought that in time the platform will run IEOs in the same manner as other high profile exchanges. What marks OceanEx apart however is that only projects that sit under the VeChain umbrella are listed on the exchange, a stance that will extend to IEOs, and in most cases OceanEx remains the only place to buy tokens associated with those projects. VeChain therefore has a vested interest in promoting and improving these projects to ensure that more people visit the exchange to buy their tokens. This creates a win-win situation for the individual projects, VeChain, and OCE token holders.

Big Plans Could Mean Big Price Rise

VeChain seems to have big plans for OceanEx and the OCE token, which is why many have likened it to a second Binance. Given that the BNB market cap is over $2 billion and the OCE market cap is only $6 million, that would reflect some return for anyone who holds from ICO (it’s worth remembering that BNB’s ICO price was $0.10, and now it’s at $16, a 16,000% return). With the low market cap and the restricted nature of the trading options, expectations are running high with token holders.

All eyes will be on OceanEx at 22:00 (UTC+8) Sunday to see what the starting price is. If it’s anything like BTMX, you’ll be able to hear the champagne corks popping from the middle of the Pacific Ocean.