OKB

What is OKB (OKB)?

OKB is the native utility token of the OKX (formerly OKEx) cryptocurrency exchange. It serves as a fundamental part of the OKX ecosystem, offering users various benefits such as reduced trading fees, access to special services, and participation in token sales. OKB also plays a role in the governance of the OKX ecosystem, allowing holders to vote on key decisions.

What Problem Does OKB (OKB) Solve?

OKB addresses:

• Trading Fee Reductions: Holders receive discounts on trading fees on the OKX exchange.
• Ecosystem Participation: OKB grants access to various OKX services, including staking, lending, and participation in token sales.
• Governance: Allows users to vote on decisions impacting the OKX ecosystem.

Why Does the Crypto Market Need OKB (OKB)?

The crypto market benefits from OKB by:

• Incentivizing Platform Use: Encourages users to engage more deeply with the OKX platform through discounts and access to exclusive features.
• Enhancing Liquidity: OKB's integration within the OKX ecosystem supports liquidity through its use in various services and trading pairs.
• Supporting Governance: Provides a decentralized mechanism for governance, enabling the community to influence platform decisions.

History & Achievements

OKB was launched by OKX, one of the largest cryptocurrency exchanges globally. Since its inception, OKB has become a crucial part of the OKX ecosystem, and millions of users worldwide use it to trade and access platform benefits. The token has seen substantial growth, particularly during the broader crypto market bull runs.

Who Created OKB (OKB)?

OKX exchange created OKB, and its development was led by the team behind the exchange, which includes seasoned professionals in the fields of finance, technology, and blockchain.

What Technology Does OKB (OKB) Use and How Does it Work?

OKB uses:

• Ethereum Blockchain: Initially launched as an ERC-20 token, OKB ensures compatibility with a wide range of decentralized applications.
• OKX Chain: OKB can also be used on OKX's proprietary blockchain, which is designed to support the exchange's ecosystem and decentralized applications.

What Affects OKB (OKB) Price?

Factors influencing OKB price include:

• Market Sentiment: Trends in the broader crypto market and sentiment toward the OKX platform.
• Platform Growth: Increases in the user base and trading volume on OKX.
• Utility Expansion: The introduction of new services and features within the OKX ecosystem.
• Regulatory Environment: Changes in cryptocurrency regulations that may affect exchange tokens.

How Many Tokens of OKB (OKB) Are in Circulation?

There are approximately 60,000,000 OKB tokens in circulation.

What is the Maximum Supply of OKB (OKB)?

The maximum supply of OKB tokens is capped at 300,000,000 tokens.

What is OKB (OKB) Utility?

OKB tokens are used for:

• Trading Fee Discounts: Holders can use OKB to reduce trading fees on the OKX exchange.
• Access to OKX Services: Includes participation in token sales, staking, and lending services.
• Governance: OKB holders can vote on important decisions regarding the platform's future developments.

Tokenomics of OKB (OKB)

OKB's tokenomics include:

• Burn Mechanism: OKX periodically burns a portion of OKB tokens to reduce supply and increase value.
• Utility within the Ecosystem: Used across various services on the OKX platform.
• Supply Cap: A total of 300,000,000 tokens ensures scarcity.

What is the All-Time High and All-Time Low for OKB (OKB)?

• All-Time High: $73.80 on March 14, 2024
• All-Time Low: $0.5806 on January 14, 2019

Where to Buy OKB (OKB)?

OKB tokens can be purchased on various major cryptocurrency exchanges, including:

• OKX
• Binance
• KuCoin
• Uniswap

Who Invested in OKB (OKB) at an Early Stage?

As an exchange-issued token, OKB was primarily distributed through the OKX platform rather than traditional venture capital investments. Its early adoption was driven by the platform's user base and incentives offered by OKX.

What Are the Revenue Streams of OKB (OKB)?

OKB's revenue streams include:

• Trading Fees: Revenue generated from trading activities on the OKX platform.
• Token Burns: Periodic buybacks and burns funded by a portion of the exchange's revenue.
• Staking and Lending: Income generated from OKB used in staking and lending services within the ecosystem.