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OKB
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OKB
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About OKB

The price OKB today is 18.46 USD, and the trading volume in 24 hours - 456,602,219 USD. The crypto asset has grown by 2.4% over the day. Currently, the coin’s market capitalization is 1,107,695,280 USD, and has 60,000,000 coins in circulation with the max supply of 300,000,000 coins OKB.

What is OKB?

OKB is the exchange's own token issued by the OK Blockchain Foundation, accepted by OKEx as its global service token. OKB holders can enjoy several benefits from discounts on commissions and voting rights, to rewards and gifts. 

Initially, it runs under the ERC-20 protocol standard, and later transferred to its own public blockchain called OKChain. OKB is accepted on the OKEx cryptocurrency exchange and has become an important part of OKEx's architecture and development. Thanks to the mutually complementary relationship, OKB is used not only on the OKEx platform, but also in other related projects in which it is invested.

What is unique about the OKB token?

OKEx (www.okex.com) is the world's leading digital asset exchange, providing global traders with advanced financial services such as fiat-token, token-token and derivatives exchanges. Implementing the main idea of the blockchain-transparent exchange of information through a decentralized database, OKEx launched a token exchange system, distributing 60% of OKB tokens to OKEx users for free, which allows each user to participate and contribute to the development of the platform. 

OKE allows you to use traditional trading pairs, as well as derivatives and other advanced trading features. OKB provides its token holders with a discount on service fees, voting rights, the opportunity to invest in projects on OKEx Jumpstart, as well as other benefits. 

From OKEx there are several incubators in the block chain, focused on growing startups. The company has also established partnerships with various businesses, which will allow it to remain flexible in the coming years. 

Who is the founder of OKB?

Since its founding in 2014, OKEx has become one of the dominant exchanges, serving 20 million customers and consistently entering the top crypto exchanges in terms of trading volume. 

The OKEx team is led by CEO Jay Hao, with support from CSO Alice Xu and Director of Financial Markets Lennix Lai. Hao is a technology veteran and experienced industry leader with an engineering background. Prior to joining OKEx, he developed blockchain-based applications for live video streaming and mobile games. 

How many OKV tokens are in circulation?

The initial total supply was 1 billion OKB out of 300,000,000 on the market. The remaining unreleased 700,000,000 were burned, according to the OKEX report.

The total available stock of OKB was distributed as follows: 

  • 60% (600 million) of deliveries were given to OKEx customers for community building and during marketing campaigns.
  • 10% (100 million) of the supplies were used for the fund's work and will be blocked for 3 years.
  • 10% (100 million) of the offer was blocked for 2 years for the initial investors.
  • 20% (200 million) for an initial lock for 1 year, then 20 million OKBs are unlocked annually for the development team.

As of January 2021, there are 60,000,000 OKB coins in circulation.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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