OKEx, the Malta-based cryptocurrency exchange has announced plans to launch their very own IEO platform.

The exchange, which has over $474 million in daily trading volume will follow in the footsteps of Binance Launchpad and introduce their very own version of the platform.

The success of Binance Launchpad has well and truly resulted in a new trend among major cryptocurrency exchanges in regards to IEO platforms.

Huobi is set to release their IEO –similar platform, Huobi Prime very soon, and only just recently Bittrex detailed their very first IEO due to take place this Friday for the project, RAID.

OKEx has called their platform ‘OK Jumpstart’ and was confirmed by their CEO, Jay Hao, on the Chinese messaging platform, Weibo.

In a following official statement, Andy Cheung, Head of Operation at OKEx, stated:

“We are happy to launch ‘OK Jumpstart’ as our own IEO platform. I believe the IEO model will bring considerable advantages to both the exchange and project developers, particularly start-ups can conduct their launching process easier and more streamlined. In view of the demand for IEO growing so fast, 2019 will be the year of IEO, and we expect to see more innovative projects be hatched from this platform.”

IEO’s differ from ICO’s in that, the project selling their tokens, transact via a trusted third-party exchange such as Binance, Huobi, and OKEx.

They can set the token sale parameters such as individual minimum and maximum contribution, as well as streamlining the entire process, as the exchanges have already taken care of due diligence and KYC.

Jay Hao has also said that their ‘Ok Jumpstart’ platform is virtually ready to go live imminently and will primarily support entrepreneurs and premium projects that provide value to the blockchain industry.

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