OKX Web3 Kicks Off DOOD IDO with $250 Cap per Whitelisted User – One Day Only!

By: bitcoin ethereum news|2025/05/08 22:30:02
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Key Takeaways: OKX Web3 launches its first IDO with DOOD, the native token of the Doodles NFT ecosystem. Whitelisted users can buy up to $250 worth of DOOD during the token sale on May 8 at 10 PM HKT. TGE begins on May 9 at 9 PM HKT, followed by a trading competition with a $50,000 USDT prize pool. OKX Web3 is making headlines with the debut of its first Initial DEX Offering (IDO), featuring DOOD – the official token from the popular Doodles NFT project. The event, dubbed “DOOD. It’s Happening” , is a limited-time campaign offering early access to DOOD with exclusive perks for whitelisted users and Doodles NFT holders. What Is the DOOD IDO? The DOOD IDO is part of OKX Web3’s campaign to celebrate the re-launch of its decentralized exchange (DEX). This campaign brings the Doodles brand into the Web3 spotlight with the release of its token, $DOOD. Token Sale Details Token: DOOD (Doodles ecosystem) IDO Sale Date: May 8, 2025, at 10 PM HKT Purchase Cap: Each whitelisted user can buy up to $250 in DOOD Claiming Time: Tokens will be claimable during the TGE on May 9 at 9 PM HKT IDO Location: To be confirmed TGE Location: Doodles The DOOD sale will only be available for one day. All interested users are urged to act fast to secure their whitelist (WL) allocation before it ends. Join the campaign here . Who Can Join? Whitelist Access (WL) There are two main ways to qualify for early access: Doodles NFT Holders If you already own a Doodles NFT, you’re eligible to pre-register and secure a WL spot. Make sure to complete this by May 8, 10 PM UTC. Public Allowlist Campaign Users can complete social tasks for a chance to join the public WL. Winners will be allowed to purchase up to $250 worth of DOOD. Join the early access giveaway. Remember, whitelist access is first come, first served and does not guarantee allocation – so move fast. Official OKX Wallet announcement on X (Twitter) What Happens After the Sale? Token Generation Event (TGE) Date: May 9, 2025 Time: 9 PM HKT Location: Doodles ecosystem All eligible buyers and WL participants will be able to claim their DOOD tokens during the TGE. DOOD will also become tradable within the ecosystem on the same day. Trade & Win: Compete for $50,000 USDT in DOOD Starting on May 9, DOOD holders can join the “Trade & Win DOOD” campaign hosted on OKX Web3’s trading arena. Participants will compete for a massive prize pool of $50,000 in USDT equivalent – paid out in DOOD tokens. Event: Trading Arena Competition Start Date: May 9, 2025 Rewards: $50,000 prize pool in DOOD The earlier you join, the higher your chances of ranking among the top traders. How to Get Started Follow these simple steps to participate in the DOOD IDO and trading events: Create an OKX Account Join the WL Campaign Go to the event page and complete the steps to enter the WL Purchase DOOD on May 8 If you’re selected, make sure to purchase your allocation before the 24-hour window closes. Claim Your Tokens on May 9 Head to the TGE portal at 9 PM HKT to claim your tokens. Join the Trade & Win Challenge Start trading DOOD tokens to earn your share of the $50,000 prize pool. This IDO not only brings Doodles into the Web3 token landscape but also signals OKX’s deeper commitment to expanding decentralized finance opportunities. With only one day to participate in the token sale, Web3 users and NFT collectors are advised to move fast and secure their spot. Good luck to everyone aiming for a whitelist slot! Source: https://www.cryptoninjas.net/news/okx-web3-kicks-off-dood-ido-with-250-cap-per-whitelisted-user-one-day-only/

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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