OKCoin Will Airdrop About $1Million Blockstack’s STX Tokens

OKCoin will airdrop about $1 million of the Blockstack STX tokens which were initially sold to investors as securities in the SEC-qualified sale so let’s find out more in today’s altcoin news.

OKCoin will airdrop Stacks tokens after they list the coin on January 14^th. It will start with a $100,000 airdrop and If things go well, the exchange will give away many more coins. OkCoin could give an extra $500,000 to $1,000,000 later in the year. OkCoin’s announcement comes on the day after Blockstack company which created the stacks tokens said that the STX will not be considered as security after the launch of the new blockchain on January 14 and the US exchanges like OKcoin will finally list it which is a year after its $23 million ICO after it got received SEC’s blessing.

OKCoin expects to be the first US exchange to list Stacks for trading.

This shortly follows our non-security transition memo; thrilled to see US markets opening up with Stacks 2.0. https://t.co/RBPjOpzTeO

— Muneeb (@muneeb) December 9, 2020

You should sign up for the waitlist and wait for the US Securities and Exchange will not sue OkCoin for distributing stack tokens to the US users and will start around on January 20 the exchange could even drop something in your wallet. In the first wave, most users will receive between -50 worth of the STX tokens from a pool of about ,000 to ,000 with at least will get ,000 and one will receive ,000 so it will take about 90 days to give away the money.
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At the front of the line will be the users that are the first to sign up for the mailing list. OkCoin will market the airdrop to Stacks Discord and the Telegram chats as well.

At the back of the line are the South-East Asians that will receive less so they are in OKCoin’s bad books after fraudsters from the region to scam Blockchain.
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com out of $125 million Stellar airdrops back in 2018. Haider Rafique who is the CMO at OKCoin and the mastermind behind the Blockchain.com airdrop and said that he will not waste his time rooting out scammers this time:

 “The key learning I had was like, it’s not that easy to give money away. Which is something I never thought I’d say.”

Rafique will tip the second pot of the STX tokens and said that he is satisfied that people are not ripping him off from selling their stack tokens as soon as possible. He said that he is very excited about the technology and expects to see the those who receive the STX coins will be excited about the tech as well. if about 20-30% stakes STX on OKCoin and the whole thing doest explode in flames, he will think about giving away more money and that phase will take at “the bare minimum of six months to get done.”