Recently, platform tokens have defied market downturns, gaining significant traction among crypto enthusiasts. Amidst the bear market, these tokens have emerged as a safe haven, with frenzied activities like token grabs and "10x-100x gains" typically seen in bull markets now unfolding around platform tokens. While debates continue on whether platform tokens can lead the crypto market into a new bull cycle, their popularity is undeniable. Capital is pouring in, and among the options, OKB from OKEx stands out as the most promising investment with substantial upside potential—especially after OKEx unveiled updated OKB rules marking its first anniversary.
OKChain Mainnet Launch Imminent: OKB as the Exclusive Native Token
On March 22, OKEx announced five key ecosystem developments for OKB coinciding with its first trading anniversary. Highlights include:
- ERC-20 integration by late April 2023, migrating to OKChain mainnet by June.
OKDex, OKEx’s inaugural decentralized exchange on OKChain, will use OKB for:
- Trading fees.
- Super-node candidate voting.
- Token presales.
- Delayed unlocking of 700M non-circulating OKB from 2020 to 2022.
Additionally, CEO Jay Hao confirmed that OK Jumpstart, OKEx’s token sale platform, will exclusively accept OKB, enhancing its utility.
Weekly Buybacks: OKB’s 20M Demand-Driven Boost
Since April 2018, OKEx has distributed 32,954 BTC (worth ~¥880M) as dividends to OKB holders. Under optimized rules:
- Weekly BTC dividends will now repurchase OKB, subsequently redistributing the repurchased tokens to holders.
- This creates recurring, growing demand for OKB.
Supply vs. Demand: OKB’s Price Trajectory
Supply Dynamics:
- 700M locked OKB (300M via point cards, 400M reserved) won’t unlock until 2022.
- Current circulating supply remains ~300M, ensuring limited inflation.
Demand Drivers:
- Expanding Use Cases: OKB powers OKDex fees, node voting, presales, and OK Jumpstart participation.
- OKEx’s Dominance: The platform handles 20% of global crypto volume—outpacing rivals by 3x—translating to massive OKB demand.
| Metric | BNB | HT | OKB |
|---|---|---|---|
| Market Cap | ¥13.9B | ¥5.13B | ¥2.91B |
| Price (¥) | 99.1 | 17.1 | 9.7 |
(Data: AIcoin, March 22)
Valuation Gap: OKB’s current price implies 4.8x upside to match BNB’s cap.
Price-to-Earnings (P/E): OKB’s Undervaluation
- OKB P/E: ~6.16 (undervalued range: 0–13).
- BNB P/E: 26.5 (overvalued range: 21–28).
This disparity suggests OKB is primed for correction.
Strategic Opportunity: Why OKB Now?
OKEx’s ecosystem—spanning OKDex, OKChain, and OK Jumpstart—positions OKB as its linchpin. With demand outstripping supply and current undervaluation, OKB offers a dual upside:
- Price appreciation.
- Dividend yields.
👉 Discover how to capitalize on OKB’s growth phase before its value surges further.
FAQs
Q: What’s OKB’s total supply?
A: 1B OKB, with ~300M currently circulating; 700M locked until 2022.
Q: How does OKB generate dividends?
A: OKEx uses trading fees to buy back OKB weekly, distributing repurchased tokens to holders.
Q: Why is OKB considered undervalued?
A: Its P/E ratio (~6.16) is far below BNB’s (26.5), with comparable utility.
Q: What’s OKB’s role in OKChain?
A: It’s the native token for fees, governance, and presales on OKDex and OKChain.
Q: When will OKB migrate to OKChain?
A: Scheduled for June 2023 post-ERC-20 integration.
Q: How does OK Jumpstart boost OKB demand?
A: It mandates OKB as the sole payment token for participation.
This analysis combines OKB’s scarcity, utility expansion, and market positioning to underscore its potential as a high-growth asset.