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OKB
About OKB
OKB is the utility token of the OKX ecosystem, a prominent global cryptocurrency exchange. OKB offers its holders benefits like trading fee discounts and exclusive access within the ecosystem. OKB is integral to the OKX ecosystem, used for availing discounts, earning passive income, and participating in token sales. Created by Mingxing "Star" Xu, the founder of OKX and CEO of OKCoin.com, OKB is part of a Buy-Back & Burn program initiated in 2019 to maintain its value, reducing the original total supply of 300 million tokens.
OKB is the native utility token of the OKX ecosystem, one of the major players in the crypto trading world. It was designed to offer its holders a myriad of advantages within the ecosystem, including discounts, exclusive access, and more. OKX is a global cryptocurrency exchange that facilitates trading for a wide range of cryptocurrencies. It also provides an assortment of financial services and tools, such as spot trading, futures trading, and more.
OKB serves multiple purposes within the OKX ecosystem. By owning OKB, users can enjoy trading fee discounts of up to 40%, significantly reducing the cost of transactions on the platform. Additionally, OKB holders have the opportunity to earn passive income with OKX Earn and get involved in token sales of high-quality crypto projects through the platform's Jumpstart program.