What is OKB?
OKB is the native utility token of OKX (formerly OKEx), one of the world's leading cryptocurrency exchanges. Launched on March 1, 2018, by the OK Blockchain Foundation, this ERC-20 token facilitates ecosystem growth with:
- Total supply: 1,000,000,000 OKB
- Circulating supply: 60,000,000 OKB (as of 2024)
Primary use cases:
- Trading fee discounts on OKX
- Participation in exclusive platform promotions
- Future integration with OKChain (OKX's proprietary blockchain)
OKX Exchange Background
Founded by Star Xu (a Yahoo China alumni and co-founder of Docin.com), OKX evolved from China's pioneering OKcoin Bitcoin exchange. Despite regulatory shifts during 2017's "September 4 Incident," the platform emerged as a global leader in crypto trading.
👉 Trade OKB with low fees on OKX
Current OKB Market Status
- Price: $49.47
- 24h Trading Volume: $3,000,930
- Market Cap: $296,841,000 (Ranked #26 on major indexes)
- Recent Performance: 1.06% decline (24h)
Where to Buy OKB
OKB is available on these major exchanges:
| Exchange | Trading Pair | Liquidity Level |
|---|---|---|
| OKX | OKB/USDT | High |
| Binance | OKB/BTC | Medium |
| Huobi Global | OKB/ETH | Medium |
Purchase Steps:
- Create an exchange account
- Complete identity verification
- Deposit funds (fiat or crypto)
- Navigate to OKB markets
- Execute limit/market orders
OKB Tokenomics
- Distribution Model: 60% allocated for user incentives
- Burn Mechanism: Periodic token burns reduce circulating supply
- Future Development: Planned migration to OKChain
FAQ
Q: Is OKB a good investment?
A: As with all crypto assets, OKB carries volatility risks. However, its utility within a top-5 exchange ecosystem provides fundamental value.
Q: How often does OKX conduct token burns?
A: OKX performs quarterly burns based on exchange revenue, with details announced through official channels.
Q: Can I stake OKB?
A: Yes! OKX offers flexible staking options with APYs up to 15%.
Q: What's the difference between OKB and OKT?
A: OKT is OKChain's native token, while OKB operates as OKX's exchange token—though they'll eventually interoperate.