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OKB Price

(OKB)

Note: This cryptocurrency has not yet been officially listed on KuCoin.

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OKB (OKB) Live Price Chart

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    OKB(OKB) Profile

    altRank38
    rateA
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    ATH
    $257.02877014
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    21,000,000
    Max Supply
    21,000,000

    About OKB

    • What Is OKB Coin (OKB) Crypto?

      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.

    • History of OKB Coin

      OKB is the native utility token of the OKX cryptocurrency exchange. Founded by Star Xu in Beijing in 2017, the company initially launched as OKEx before rebranding to OKX. OKB was introduced in March 2018, about a year after the exchange's launch.

      The key founders of OKX, which developed OKB, include:

      • Star Xu: A former founder of OKCoin.
      • Chris Lee: Previously an executive at the Huobi exchange.
      • Lennix Lai: Former director of financial markets at Citibank.

      OKX has continually developed OKB’s functionality. Key milestones and features include:

      • Trading Discounts: Holding OKB can reduce your trading fees by up to 40%.
      • Staking and Rewards: Earn passive income through various staking options.
      • Buy-Back and Burn: OKX periodically buys back OKB from the market and burns them, reducing the total supply to maintain its value.
      • Expanded Utility: OKB can be used for payments through partners like Alchemy Pay and Now Payments, and to buy NFTs on the OKX platform.

      OKB’s integration with OKChain, a blockchain developed by OKX, enhances its utility by supporting scalable applications and decentralized trading.

    • What Is OKB Coin Tokenomics?

      OKB has a maximum supply of 300 million tokens. Every three months, OKX uses 30% of its trading fee revenue to buy back OKB tokens from the market and burns them. This reduces the total supply and aims to increase the token's value over time.

    • How Does OKB Coin Work?

      OKB is the utility token for the OKX cryptocurrency exchange. It launched in 2018 and offers several benefits to its holders. OKB runs on the OKExChain blockchain, enhancing its utility and integration within the OKX platform. This blockchain supports decentralized applications (dApps), increasing the functionality and scalability of $OKB.

      1. Trading Discounts: You can get up to a 40% discount on trading fees when you hold OKB on the OKX platform.
      2. Staking and Rewards: By staking OKB, you can earn passive income. OKX offers various staking options through its OKX Earn program.
      3. Exclusive Access: OKB gives you access to the OKX Jumpstart platform, where you can invest in new crypto projects early.
      4. Deflationary Mechanism: OKB has a buy-back and burn program, where a portion of transaction fees is used to buy back OKB from the market and burn them. This reduces the total supply, potentially increasing the OKB Coin price over time.
      5. Utility in Ecosystem: You can use OKB to pay for services within the OKX ecosystem, vote on exchange decisions, and convert small leftover balances from other cryptocurrencies into OKB.

    FAQ

    • Is OKB Coin (OKB) a Good Investment?

    • What Is OKB Coin Price Prediction?

    • What is the all-time high price of OKB (OKB)?

    • How much OKB (OKB) is there in circulation?

    • How do I store OKB (OKB)?