OKB is the native token of the OKX cryptocurrency exchange. Launched in 2018, OKB offers several benefits to its holders. You can use it to reduce trading fees by up to 40%, participate in token sales through the OKX Jumpstart platform, and vote on which coins get listed on the exchange. OKB also allows you to earn staking rewards, adding a passive income stream.
The token is deflationary, meaning its supply is reduced over time through a buy-back and burn program, which helps maintain its value. OKB runs on both OKX's blockchain, OKC, and Ethereum as an ERC-20 token.
