OKcash Takes a Quantum Leap: Expanding to the Base Network for a Fully Multichain Future

In a significant milestone for the OKcash community, we are thrilled to announce the upcoming swap from the Okcash native chain to the new Okcash on the Base network chain. This strategic move will further cement OKcash’s position at the forefront of the multichain revolution, offering unprecedented benefits to our users and the broader cryptocurrency ecosystem.

What is the Base Network?

The Base network is an Ethereum Layer 2 scaling solution that offers high throughput and very low transaction fees, designed to make decentralized applications (dApps) more accessible to a broader audience. Developed by Coinbase, Base leverages the security of Ethereum while providing enhanced scalability. This network is optimized for fast and efficient transactions, making it an ideal choice for expanding OKcash’s reach and functionality.

The Swap: A Gateway to the Future

The swap window will be open for one month, providing ample time for all users to transition their OKcash holdings from the native chain to the Base network chain. This is a pivotal step in our journey to become a fully multichain cryptocurrency, ensuring seamless interoperability across various blockchain networks.

Key Details of the Swap:

• Swap Duration: 1 month
• Start Date: 23-June-2024
• End Date: 23-July-2024
• Swap Link: https://forms.gle/4P4H1w9wmzXtG3TX9
• SWAP ONLY REQUIRED IF YOU HAVE OK NATIVE: The rest of the networks will be bridged to OK Base after the swap window is closed, interconnecting all the OK DEFI networks. (All chains)
  [If you have OK in any other chain than Native, is safe and nothing is required on your end]

After the swap window closes, a bridge from OK on Base will be opened, enabling users to swap OK between the Base network and any of the following chains: Ethereum, Binance Smart Chain, Polygon, Arbitrum, Optimism, Avalanche, and Fantom. This bridge will facilitate smooth and efficient cross-chain transactions, enhancing the usability and liquidity of OKcash across multiple platforms.

Coin Cap and Token Supply

An essential aspect of this transition is that the overall coin cap and token supply of OKcash remain unchanged. The maximum supply of OKcash remains at 105 million tokens across all networks. This ensures that the value and scarcity of OKcash are preserved, maintaining the integrity and economic principles that have guided the token since its inception.

Total Supply Details:

• Max Supply: 105,000,000 OK
• Current Supply: 89,088,071 OK (as of June 2024)
• Distribution: The total supply will be distributed across the various supported networks, ensuring balanced liquidity and accessibility.

Benefits of the Multichain Expansion

1. Enhanced Liquidity and Reach

By expanding to the Base network and integrating with multiple chains, OKcash will significantly enhance its liquidity and reach. This expansion opens up new avenues for trading and increases the token’s visibility and accessibility. With the ability to trade OK across various popular chains, users can leverage different platforms to maximize their trading strategies and potential returns.

2. Improved Security and Decentralization

The move to a fully multichain system allows OKcash to benefit from the unique security features of each network. Once the entire system is in place, we will be able to resign the smart contracts to ensure full decentralization across all networks. This decentralization enhances the overall security and integrity of OKcash, providing users with a more secure and trustless environment for their transactions.

3. Greater Exchange Listings

The multichain expansion positions OKcash for potential listings on a wider range of cryptocurrency exchanges. Being available on multiple networks makes OKcash more attractive to exchanges, increasing the likelihood of new listings and greater trading opportunities. This, in turn, boosts the token’s market presence and adoption.

4. Broader Ecosystem Integration

As a fully multichain cryptocurrency, OKcash can seamlessly integrate with a variety of decentralized applications (dApps) and platforms across different networks. This interoperability fosters innovation and collaboration within the cryptocurrency ecosystem, enabling OKcash to be used in a wide array of use cases, from decentralized finance (DeFi) to non-fungible tokens (NFTs) and beyond.

5. Future-Proofing OKcash

The multichain strategy future-proofs OKcash by ensuring it remains adaptable and resilient in the rapidly evolving blockchain landscape. As new networks and technologies emerge, OKcash will be well-positioned to integrate and leverage these advancements, maintaining its relevance and utility in the long term.

Join the Multichain Revolution

This is an exciting time for the OKcash community. By participating in the swap and embracing the multichain future, you are contributing to the growth and success of a pioneering cryptocurrency that continues to push the boundaries of innovation.

To participate in the swap and stay updated on the latest developments, visit https://okcash.news or the OK discord at: https://discord.gg/grvpc8c.

Join us in this transformative journey and be a part of the future of decentralized finance with OKcash. Together, we are building a more interconnected, secure, and prosperous blockchain ecosystem.

Stay tuned for more updates, and thank you for your continued support!

Okcash Community Lead
TG: https://t.me/ok_heroes 
WS: https://okcash.co

The previous twitter OkcashCrypto got suspended without reason, the new community twitter (X) is:
X: https://x.com/oktokencash