OKX is getting tough competition from VC Spectra

OKX is among the largest crypto exchanges globally. Aside from the other coins offered, OKX has its utility coin, OKB, which has performed relatively well this year.

But another utility token, SPCT of the exciting  VC Spectra, is proving a tough competitor. Investors have contributed over $2 million in buying SPCT in two weeks, with no signs of slowing down.

OKB is unlikely to perform well like last year

The talked-about news for OKX is their ‘preparatory license’ from Dubai’s Virtual Assets Regulatory Authority (VARA). It means OKX will become a regulated exchange in the region. This achievement is a major step in their quest to penetrate the Middle East market.

OKX has also made waves after the report of the exchange ‘burning’ over $258 million of OKB. Analysts view this move as positive for the token, currently trading at $41. It also highlights OKX’s dedication to making OKB more valuable over time amidst a bearish crypto climate.

According to CryptoSlate, OKB is the fourth-most traded exchange utility token (26th for overall coins). While not ranked higher, OKX’s reputation is more favorable than its competitors like Binance and Coinbase.

OKB has performed relatively well thus far when most digital currencies have lost value, reaching an all-time high of $58. Yet, with everything happening in crypto, OKB is unlikely to revisit this level for 2023.

VC Spectra (SPCT) is poised to become a tough competitor in asset management

VC Spectra is a sustainable crypto-based hedge fund where anyone can invest in the finest blockchain and tech-based ventures in a safe, transparent, seamless platform.

Smart contracts on VC Spectra (SPCT) automate functions like asset management and, most importantly, the distribution of rewards. The service also acts as a trading platform using numerous advanced strategies to ensure the greatest returns while keeping risk at bay. These include hedging, diversification, arbitrage, and even scalping.

Investors can view this activity, track assets, and make informed decisions about their portfolio thanks to VC Spectra’s transparency.

VC Spectra (SPCT) is also finally accessible, unlike conventional asset management platforms. Each venture it backs will have tailored investment plans to suit the pockets of all investors.

Another beneficial feature of VC Spectra is that no intermediaries exist. It’s a trustless platform that offers users control over their assets. So, they can deposit and withdraw without hassles, making for a uniquely democratic investing experience.


Like OKX’s utility token, SPCT is also deflationary. A fixed supply of coins often leads to their value increasing over time. When VC Spectra blockchain doesn’t ‘mint’ new tokens, it should create more demand and, thus, potentially higher prices.

But, of course, SPCT has more going for it than favorable tokenomics. This utility token offers other benefits:-

  • Holders of SPCT receive quarterly dividends from the profits of their investments.
  • Voting rights mean community members have governance in the platform’s future developments.
  • SPCT affords one exclusive access to discounted ICOs before they are public knowledge.

The best part is millions of tokens are up for sale at a low price of $0.008. VC Spectra developers believe SPCT will easily increase by 900% to $0.08 before the platform’s official launch.

Learn more about the VC Spectra presale here:-

Buy Presale: https://invest.vcspectra.io/login 

Website: https://vcspectra.io  

Telegram: https://t.me/VCSpectra 

Twitter: https://twitter.com/spectravcfund

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

Related Articles

Back to top button