Introduction to OKB
OKB is the global utility token issued by OK Blockchain Foundation, serving as the native cryptocurrency of the OKX ecosystem. Key characteristics:
- Initial Issuance: Launched as an ERC-20 token with future migration planned to OKChain
- Distribution Model: 60% allocated to OKX users through platform sharing initiatives
- No ICO: Fully compliant with regulatory standards
Tokenomics Overview
| Metric | Detail |
|---|---|
| Total Supply | 300M (initially) |
| Circulating Supply | 286,021,636 OKB |
| Burned Tokens | 13,978,364 OKB |
| Burn Mechanism | 30% spot trading fees |
Price Determinants
Three core factors drive OKB's market valuation:
Ecosystem Expansion
- 11 internal OKX use cases
- 32 external partnerships
- Cross-chain integration with OKChain
Market Accessibility
- Fiat gateways: USD, EUR, KRW, VND, INR
- Listed on 50+ exchanges
Deflationary Model
- Quarterly burns since 2019
- Full circulation achieved in 2020
👉 Track OKB's latest price movements
Frequently Asked Questions
Q: How does OKB differ from other exchange tokens?
A: OKB pioneered the "full circulation" model with all tokens either circulating or burned, ensuring no future inflationary pressure.
Q: What's OKB's primary utility?
A: Functions include: fee discounts, DeFi protocol access, and governance rights across OKX's ecosystem.
Q: When will OKB migrate to OKChain?
A: The transition will occur during OKChain's mainnet launch, enabling faster transactions and enhanced smart contract capabilities.
Market Outlook
Industry analysts highlight OKB's:
- Strong deflationary pressure (2.4% annual burn rate)
- Growing merchant adoption
- Institutional-grade compliance framework
Note: Always conduct independent research before making investment decisions.
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