CoinDCX, a leading crypto exchange in India, is set to make waves yet again with the launch of OKTO, the native token of its DeFi arm, Okto. This strategic move accompanies the unveiling of the Okto Chain, a revolutionary advancement poised to reshape the landscape of blockchain technology. CoinDCX’s Okto Chain aims at simplifying complexities inherent in the web3 ecosystem.
The Okto Chain emerges as a beacon of innovation, promising to democratize access to decentralized finance. This transformative potential is a testament to CoinDCX’s unwavering commitment to user-centricity. Moreover, Sumit Gupta, Co-Founder & CEO of CoinDCX, shed light on the company’s foundational vision.
He stated, “At CoinDCX, our vision is always to keep users at the center of our strategy.” This outlook catalyzed the exchange’s journey toward enabling widespread participation in the decentralized economy. In a testament to its progressive trajectory, CoinDCX introduced Okto Wallet, a pioneering crypto wallet solution.
Furthermore, the CoinDCX CEO underscored the strategic significance of Okto Wallet as the inaugural step towards realizing CEX’s vision of inclusivity within the Web3 space. This strategic planning and vision reassure the audience about the company’s future. Meanwhile, Neeraj Khandelwal, Co-Founder of CoinDCX & Okto, spotlighted the evolutionary phases leading up to the Okto Chain’s emergence from stealth.
Khandelwal elucidated on the challenges encountered during the development of Okto Wallet and emphasized its pivotal role in laying the groundwork for subsequent innovations. In the press release, he remarked, “After experiencing the challenges of building a full chain abstracted Okto wallet, in Phase 2, we introduced the Okto Web3 SDK.”
He added, “We are now building an entire Okto Ecosystem and are proud to bring the Okto Chain out of stealth. In the future, an average web3 user will interact with multiple chains, doing cross-chain token swaps, confirming identity across multiple chains, and transferring NFTs from one application to another across various blockchains. This would result in fragmented liquidity and a disjointed experience for users.”
