How to add OKExChain to MetaMask
In this blog, we show you how to add OKExChain to MetaMask wallet. First, we talk a bit about what OKT is and what it does, etc. If you do not want to read about that and directly want to see how to add OKExChain to MetaMask. You can go down this page and start reading “Getting OKT on MetaMask”.
What is OKExChain
The OKExChain was launched by the OKEx centralized exchange utilizing the OKT token. But soon changed to a decentralized blockchain as the token holders hold the governance power on the chain. To kick start this the centralized OKEx exchange airdropped 10 million OKT tokens to its OKB token holders. This way they had a fairly evenly distributed start. But the total supply of OKT lays a bit higher. Because the OEC uses a mining reward. With a similar halving as Bitcoin. Because of this, the token supply will inflate offer time but with a max cap of around 41,69 million OKT.
The OKExChain supports its own native addresses starting with “ex” but also has support for EVM addresses starting with “0x”. Because of this users can add the blockchain to wallets like Metamask, Trust Wallet, ImToken, and many more.
As of writing the chain has 21 validators and 33 candidate nodes. Holders of the OKT token can use their governance power to also become a validator. Or delegate their governance power to an existing node. Doing so will reward the stakers with an APY on their tokens. Besides that, the chain already holds thousands of different tokens and has also executed thousands of contracts. So we could say the blockchain works very well.
Dapps on OKExChain
With a new blockchain. A new blockchain ecosystem usually follows. So just like many other new blockchains out there. OKExChain as some native Dapps building on the chain. These Dapps can be anything from Defi, NFT’s, to lending protocols. As of now CherrySwap and WePiggy are some good examples of Defi protocols natively building on OKExChain. But also games like SAMOURAI and CryptoBlades have deployed their contracts on the chain. So you can see that the OEC has a native ecosystem growing on top of it. But there are also many Dapps that come from other smart chains and deploy on OKExChain as well. Like SushiSwap and JSwap.
Since the start of the Blockchain, it has had a good explorer that lets users check the chain. The OkLink.com explorer does exactly this for OKExChain. Because of the open nature of the blockchain users can easily check anything they want on-chain. So this also goes for OEC. So if you want to do an OKExChain scan. Or just want to see your address or specific transaction. You can look it up using an OKExChain explorer. This way you can take a look at any OKExChain wallets address.
OKExChain wallet addresses
Like we said before OKExChain has 2 different wallet addresses. The native once starts with “ex” and the EVM once starts with “0x”. Because of this, the chain can interact with other EVM-based chains. But this has to be done over a chain bridge-like Anyswap, or ChainSwap. If you do not use this you will not have to send your funds between chains but merely on the same chain to a different address. So this can result in a loss of funds. So make sure to always use a bridge when sending tokens between chains.
If you are going to use a wallet that lets you add OKExChain as a manual EVM. You will most likely always have an address starting with “0x”. This is because that wallet does not natively support the OKExChain. So it will always create an address that has the same address as the Ethereum address in that wallet. But still not the same chain. So use a bridge!
How to pay fees on OKExChain
The OKExChain has its own payment token for paying transaction fees. Yes, you already guessed it right. The OKT token is needed on the chain to pay for transaction fees, execute smart contracts, and basically everything else. Just like on most other blockchains that have their own token. The OKExChain OKT token can only be used to pay transaction fees on the OKExChain. Because other chains demand other gas tokens. So if you are going to use the OKExChain it would be wise to have some OKT tokens to pay for the transaction fees.
The difference between OKT & OKB
Most smart chains launched by CEXes keep it easy and just have one token. Like Kucoin has KCC for its chain and Binance has BNB for its blockchain. but OKEx made it a bit more complicated and created 2 tokens. One is the OKT token and the other is the OKB token. The OKT token was originally airdropped to the OKB token holders on the OKEx Exchange.
Now the OKT token was meant as the central token around the OKExChain. So it functions as a fee token governance token etc. But it only works here and not anywhere else. So for now its functionality is kept to the OKExChain.
The OKB token on the other side can not be used for any of these things on the OKExChain. But can get transferred over the chain as a normal token. The OKB token instead has other functionalities. Because it is the OKEx exchange token. It gives holders discounts on trading fees, lets them participate in token sales, and much more. But all of its benefits are focused around the OKEx centralized exchange.
Wallets that support OKExChain
Like we mentioned before OEC has its own EVM. Meaning that it can connect to other EVM chains. But also that wallets can add it very easily. But if the wallet does not support it but lets you add manual EVM’s then you can just add it yourself. Down below we look add how you can add an EVM to a wallet. In this example we use Metamask. But in most other wallets it works the same. And the same information is needed.
To use the OKExChain in one of these wallets will require you to have some OKT. Now, if you already have an OKEx account that makes it easy. You can simply log in, get the token there, and send it to your OKExChain OEC address. We do not give out financial advice. So keep that in mind. That buying or not buying this token is all your own responsibility. But if you do buy it keeping an eye on the OKExChain chart can show you the current price. And may help with your decision-making.
On our website, you can also find all wallets that support OEC OKExChain. Yes, Metamask and Trust wallets can be found there too. But you will have to add OEC to Metamask manually. You can find the instructions to do this below. So now read below how you get the OEC network on Metamask and start using the power of OKExChain.
Getting OKExChain on MetaMask
So to add the OKExChain to MetaMask you have to open the MetaMask wallet (In case you don’t have MetaMask yet, please get it on this page).
Once you have MetaMask installed, open it up on the full screen. So you will have the same screen as in our example here.
Now go to the top right of the screen where it says “Ethereum Mainnet” and click on the little arrow pointing down next to it. This opens the network’s tap where you can select all different types of EVM blockchains (Ethereum virtual machine) networks. Now here you can click on the Custom RPC to add a new custom EVM blockchain network of your choice. In this case, the OEC.
Now Metamask will ask you for the data needed to connect the wallet to the OKExChain. Please fill in the list below.
|RPC URL Harmony One:||https://exchainrpc.okex.org|
|Block Explorer URL:||https://www.oklink.com/okexchain|
When you have done this, you can just click save. And now you have added the OEC to your MetaMask wallet.
If you would like to switch between the EVM blockchains. Simply click on the Network button in the top right of the screen to select another blockchain.
Because adding different types of EVM blockchains works the same, you can add any EVM blockchain in the same way. But instead of the list given in this blog, you replace that with another network’s ChainID, symbol, etc.
We hope this blog post helped you to integrate a new EVM into your MetaMask crypto wallet. So that you can now use OEC as much as you want.
Find your wallet here
In case you want to see all the other wallets supporting OKExChain. You can simply take a look here to filter between all wallets that do!
So we hope this article taught you more about how to add OKExChain to MetaMask wallet. But in case you have Questions regarding Crypto or OEC? Feel free to ask them on our online Facebook or Telegram groups. Because we are happy to help whenever we can!
So are you ready to start using your own Blockchain wallet? Take a look at our unique wallet finder functions here! So you can find the perfect wallet for your blockchain.