Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
Summary
CoinDCX has expanded its Okto wallet into an Okto ecosystem, including a blockchain, token, and points program. The aim is to provide a single-click mobile experience for global users in the Web3 space. The points program will bootstrap the launch of the Okto blockchain, with the OKTO token set to power the chain. CoinDCX aims to engage the next billion Web3 users by solving the broken user experience in DeFi. The Okto Web3 SDK allows developers to build applications without understanding blockchain intricacies. The Okto ecosystem is expected to power thousands of applications in the Web3 space, with over 20 apps being built through the SDK and more than a million wallets created on the "Okto Orchestration Layer."
