Deniz 
Leading bitcoin exchange OKX has revealed the listing of two fresh cryptocurrencies, DEGEN and SLERF. This action offers fresh chances for investors and helps to diversify the offers on the site.
Newly Listed Altcoins
The newly listed altcoins on OKX are DEGEN and SLERF, each bringing unique value propositions to the market.
- DEGEN: DEGEN is a reward token for Farcaster users, employing a unique tip subsidy mechanism to incentivize the community. It supports the Degen chain, one of the pioneering Layer 3 solutions launched on Base, providing a robust platform for building and utilizing Degen applications.
- SLERF: SLERF is a community-driven meme token based on the theme of unity. Featuring a sloth-based meme, SLERF embodies the power of community solidarity and perseverance.
Deposit and Trading Timelines
OKX has provided specific timelines for deposits and trading for DEGEN and SLERF:
- Deposit Time for DEGEN and SLERF: July 23, 2024, at 14:00 (UTC+8)
- SLERF/USDT Trading Opening Time: July 23, 2024, at 16:00 (UTC+8)
- DEGEN/USDT Trading Opening Time: July 23, 2024, at 17:00 (UTC+8)
- Withdrawal Opening Time for DEGEN and SLERF: July 24, 2024, at 18:00 (UTC+8)
Market Reactions
Both altcoins moved greatly in price following the announcement and later OKX listing. SLERF witnessed a 37% rise; DEGEN climbed by 16%. These encouraging market responses highlight investor belief in the promise of these fresh listings.
Investor Advisory
Along with the announcement of the IPO, OKX has warned investors about the intrinsic hazards connected to digital assets. The discussion focused on digital assets as creative investment products with substantial investment risk and notable price swings. According to OKX, investors should logically assess their investment capacity, completely grasp digital assets, and make wise investment judgments.
Conclusion
The DEGEN and SLERF listing by OKX emphasizes the exchange’s dedication to growing its varied portfolio of assets in order to meet the changing needs of its worldwide customer base. Investors are advised to keep updated on the possible hazards connected with digital asset investments and to pay attention to deposit and trading times.
For more information, users can visit the official OKX announcement page or contact their support team.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.