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This Altcoin Network and Crypto Exchange OKX Are Teaming Up, According to Leaked Information: Could Be Announced Any Moment

14.11.2023

According to the latest information, cryptocurrency exchange OKX and Polygon (MATIC) will introduce a project called X1 as a layer 2 chain based on Polygon CDK.

This news, leaked by researchers just two hours ago, is expected to be officially published by OKX and Polygon soon.

The development was understood after OKX did not make an announcement, but a page was created on its official website that did not redirect from the home page.

According to the official website, X1 is a ZK-powered layer 2 network that aims to connect the OKX and Ethereum communities, allowing everyone to participate in a truly global on-chain ecosystem. The platform will use the exchange’s token, OKB, as X1’s native token to mediate the seamless transfer of value between OKX and X1.

According to the information, X1 will be fully EVM compatible and will enable ZK-supported DApps to be easily deployed on X1.

According to the statement, OKX designed X1 as a portal to connect OKX products, users and assets to Web3, aiming to offer an open ecosystem that anyone can work on.

*This is not investment advice.

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