OKB Price

Introduction to OKB Tokens

OKB is the native token of the OKX (formerly OKEx) trading platform, issued by the OK Blockchain Foundation. It is a utility token based on ERC-20, launched in 2018, designed to power the OKX ecosystem.

Main Features:

1. Utility: OKB holders can enjoy various benefits, such as lower trading fees, access to the exchange's first platform OK Jumpstart, and voting rights for listed currencies on the OKX platform.
2. Ecological System: OKB is the network token of the OKX ecosystem, used to pay transaction fees on the OKChain blockchain and the decentralized trading platform OKDex.
3. Buyback and Burn: The OKX platform allocates 30% of Spot trading fees for a buyback and burn program for the entire ecosystem, purchasing OKB tokens from the open market every three months and burning them to maintain the scarcity of OKB tokens.
4. Application Scenarios: OKB is not limited to the OKX platform; it can also be integrated with other platforms and applications to offer a wider range of services and products.

Summary: OKB is a utility token designed to power the OKX ecosystem, providing various benefits and application scenarios while maintaining its scarcity and value.