- OKX is seeking to capitalise on the tap-to-earn craze taking over Telegram with OKX Racer
- The game involves guessing Bitcoin’s next price movement to earn points and potential rewards.
- OKX Racer registered over one million users just a day after launch.
Telegram is becoming a mini-game hub, as OKX recently launched OKX Racer, a Bitcoin price guessing game.
This makes OKX the first cryptocurrency exchange to launch a Telegram mini-game as it (probably) seeks to capitalise on the tap-to-earn craze.
OKX Racer Comes to Telegram
The game’s mechanic is pretty simple: users just have to guess BTC’s price direction at five-second intervals. However, players have a limited number of guesses that recharge over time, similar to the stamina bards found in other T2E games on Telegram.
If the player believes Bitcoin will surge or plummet, they hit “Moon” or “Doom.” They only have ten guesses before getting another refill every one minute and thirty seconds.
Interestingly, users do not lose points if they answer incorrectly. The players accumulate points for guessing Bitcoin’s next move and are given a multiplier boost if they hit a six-guess winning streak.
The game also encourages you to link an OKX account to receive potential rewards. Notably, just one day later, OKX Racer registered over one million players.
We’re not talking about just any crypto exchange. OKX is one of the leading centralised exchanges (CEXs), ranking third as the world’s third-largest CEX by daily trading volume with over US$1.74B (AU$2.62B), only surpassed by Coinbase and Binance, according to data from CoinMarketCap.
Given OKX Racer’s seemingly early success, many in the crypto community wonder if other leading exchanges will follow suit.
Related: Kraken Opens Institutional Services in Australia, UK Following US Launch
Crypto Games Help Telegram Reach 900M
The news comes as the messaging app recently hit over 900M users, and evidently, crypto games are largely responsible for this surge in user count. Games like Notcoin (NOT) started the trend, reaching massive popularity by early 2024.
NOT, launched on The Open Network, a blockchain associated with Telegram, debuted on May 15 with a fully diluted value (FDV) of US$1B (AU$1.51B) after airdropping over 80B tokens.
Related: ‘TON Teleport BTC’ Launch to Enable Bitcoin Owners to Participate in DeFi on TON with Enhanced Security
Its unprecedented success triggered a new narrative in the industry, with new crypto games developing every other day.
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