OKB (OKB)
OKB is a global utility token issued by the OK Blockchain Foundation and launched by OKEx, one of the world's leading cryptocurrency exchanges. OKEx has introduced OKB as an integral part of its ecosystem, aiming to provide a range of benefits and utilities to its users and partners.
History of OKB
OKEx launched OKB shortly after announcing its plans to develop its own blockchain. The token was initially issued on the Ethereum blockchain as an ERC20 token. This strategic decision enabled OKEx to leverage the widely-used Ethereum network for its initial distribution and operations.
Transition to OK chain
While OKB started as an ERC20 token, OKEx revealed plans to transition the token to its proprietary blockchain, known as the OK chain. This move aims to enhance the token's utility and integrate it more deeply into OKEx's ecosystem and other related projects.
| Ticker | OKB |
| Category | Exchange-based Tokens |
| Website | https://www.okx.com/okb |
| @okx | |
| Telegram | OKXOfficial_English |
| https://www.reddit.com/r/OKX/ | |
| Contract Addresses | |
|---|---|
| ethereum | 0x75...6c Copied! |
| okex-chain | 0xdf...c2Copied! |
| sora | 0x00...e9Copied! |
The OKB token
Token supply and distribution
The total supply of OKB is capped at one billion tokens (1,000,000,000). The distribution model allocated 60% of the total supply, amounting to 600 million tokens, to OKEx customers. This allocation serves the purpose of community building and supporting marketing campaigns. The remaining 40% of the tokens are subject to a lock-up period ranging from one to three years, ensuring a controlled release into the market.
Utility of OKB
OKB serves multiple purposes within the OKEx ecosystem. It is designed to enhance user engagement and create additional value for token holders. The token can be used for various activities such as trading fee discounts, participation in token sales on the OKEx platform, and as a means of exchange for services offered by OKEx and its partners.
Benefits for OKEx users
By holding OKB, users can access a range of benefits on the OKEx platform. These include reduced trading fees, voting rights for token listings, and the opportunity to participate in exclusive events and promotions. Such benefits are intended to incentivize usage and foster a loyal community of users.