1. What is OK?

Introduction to OK Cryptocurrency (OKB)

OKB is the native token of the OKX (formerly known as OKEx) cryptocurrency trading platform, issued by the OK Blockchain Foundation in March 2018. OKB is a utility token primarily used to provide various benefits on the OKX platform, including:

1. Low trading fees: OKB holders can enjoy ultra-low fee benefits, receiving discounts of up to 40%.
2. Access to the initial exchange offering platform OK Jumpstart: OKB holders can participate in OK Jumpstart activities to acquire token airdrops of other projects at lower costs.
3. Voting rights for listed tokens on the OKX platform: OKB holders can vote to decide which tokens to list on the OKX platform.
4. Payment of trading fees on OKChain blockchain and the decentralised trading platform OKDex: OKB will be used to pay for trading fees on the OKChain blockchain and OKDex.

OKB operates on the OKChain blockchain network, which is dedicated to executing functions related to OKX. OKChain empowers users to trade by integrating the digital ecosystem and strives to enhance the usage of OKB within the OKX community.

2. Who founded OK?

OKX (formerly OKEx) was founded by Star Xu. According to relevant information, OKX's predecessor OKCoin was established in 2013, later evolving into OKEx, and was renamed OKX in 2022.

3. Which venture capitalists invested in OK?

Here are the venture capital firms and individuals that have invested in the cryptocurrency exchange OK (OKX/OKEx):

1. Sequoia Capital: Provided tens of millions of dollars in Series A funding.
2. Startup Factory: Established with the participation of well-known Silicon Valley investor Tim Draper, contributing millions of dollars in angel investment.
3. Longling Investment: Backed by Meitu founder Cai Wensheng, funding tens of millions of dollars in Series A.
4. Montu Capital: Contributed tens of millions of dollars in Series A investment.

Additionally, the following individuals also participated in the investment:

1. Star Xu: Founder of OKEx.
2. Feng Bo: Founder of Sequoia Capital, holding 9.86%.
3. Mai Gang: Venture capitalist, holding 5.08%.
4. Cai Wensheng: Founder of Meitu, holding 1.82%.
5. Feng Tao: Founder of Shanghai Lianchuang, holding 0.5%.
6. Shen Guojun: Chairman of Yintai Group, also participated in the investment.
7. Tang Yue: Founder of Xiaoying Technology and original founder of Elong, holding 7.89%.

4. How does OK operate?

The OK cryptocurrency (OKB) is the native digital currency of the OKX exchange, and its operational principles are as follows:

1. Transaction fee discounts: Holding OKB allows for transaction fee discounts on the OKX exchange, of up to 40%.

2. Participation in savings plans: OKB holders can participate in OKX's savings plans to earn interest.

3. Participation in early cryptocurrency projects: Through OKX's Jumpstart activities, OKB holders can acquire token airdrops of other projects at lower costs.

4. Voting rights: OKB holders have the right to vote on future proposals within the OKX ecosystem, thereby playing a decision-making role in shaping the future development and direction of the exchange.

The operation of OKB is closely tied to the ecosystem of the OKX exchange, offering various benefits and participation opportunities. Here is how OKB operates on the OKX platform:

• Issuance and supply: OKB was launched by the OK Blockchain Foundation in March 2018, with a total supply of 300 million.
• Trading and usage: OKB can be traded and used within the OKX exchange, including waiving transaction fees and participating in Jumpstart activities.
• Security: The security of OKB is guaranteed by the security measures of the OKX exchange, including two-factor authentication and encryption technology.

In conclusion, OKB is a vital component of the OKX exchange, providing numerous benefits and participation opportunities that facilitate trading activities and user engagement.