OKB Price usd_okb Price today

OKB okb

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＄36.7892 +0.32%

Glob. Mkt Cap Rank： No.16

2024-08-07:09:36:37update

24H High

270.81

24H Turnover

4.20千万

Max Supply

0.0

24H TR

0.08%

24H Low

264.8

24H Vol

156794.48

Curr. Issued

207812617.0

24H High-Low

+2.27%

ATH

526.95

Highest Mkt Cap

556.25亿

Circulating Supply

207812617.0

Dominance

0.35%

ATL

4.09

Mkt Cap (Float)

556.26亿

Circulating Supply

69.27%

Issue Date

2018-03-01

Introduction

Latest News

News Flash

Basic information

Full Currency Name	OK币/OKB
Currency Code	OKB
Coin Intro	"OKB is the platform token of the OKX exchange (formerly known as OKEx, which was officially renamed to OKX). It is a globally recognized utility token issued by the OK Blockchain Foundation, commonly abbreviated as OKB or OK Coin. OKB was launched on March 1, 2018, with a maximum supply of 1,000,000,000 OKB. 60% of the total 1 billion OKB tokens were distributed to users in two phases for the development of the OKEx user ecosystem and marketing activities. Users can enjoy discounts on various transactions on the OKEX platform using these tokens, such as paying trading fees on the OKEx platform. Initially issued based on Ethereums ERC 20 protocol, OKB will eventually migrate to its own public blockchain, OKChain. The OKB Foundation and OKEx will establish a strategic partnership to make OKB a vital component of the OKEx ecosystem, with future applications on the OKEx platform and across various projects within the OKEx investment ecosystem. About the Founding Team of OKB: The OKX exchange (formerly known as OKEx) is one of Chinas oldest exchanges, founded by Xu Mingxing, who graduated from Renmin University of China with a degree in Physics. With a strong foundation in physical modeling and computer technology research, Xu joined Yahoo China to work on search engine technology. Two years later, he co-founded Docin.com with Lin Yaocheng and served as CTO. In 2013, Xu established the OKcoin Bitcoin trading platform, which received $10 million in Series A funding led by Ceyuan Ventures just three months after launch. After the 94 event in the crypto industry, OKcoin transformed into the world-leading Chinese digital asset exchange, OKEX. In March 2018, Xu Mingxing, founder of OKX, stated in an employee group chat that the exchange he founded is always ready to be donated to the state in the future. The current price of OKB is $35.21, with a 24-hour trading volume of $16,410,200. OKB has fallen by 12.75% in the past 24 hours. Currently ranked 26th on BeeChecker in terms of market capitalization, its market cap stands at $2,112,340,000 USD. Its circulating supply is 60 million OKB, out of a total supply of 300 million OKB."
Issue Date
All-Time High	$74.055509
All-Time Low	$0.57703884
Total Supply	300000000
Circulating Supply	60000000
Circulating Supply Percentage	0.2
Market Cap	1971339288404
Fully Diluted Market Cap	$1.1735237666666668e-7
Mkt Cap (Float)	$2112342780
Circulating Market Cap % of Global Total	0.0010715267495683895
Listed on Exchanges	13
Official Link	https://www.okex.com/
Whitepaper	https://www.okx.com/okb
Blockchain Explorer	"https://etherscan.io/token/0x75231f58b43240c9718dd58b4967c5114342a86c", "https://ethplorer.io/address/0x75231f58b43240c9718dd58b4967c5114342a86c"
Telegram	"https://t.me/OKExOfficial_English", "https://t.me/OKXGroup_CN"
Github
Twitter	https://twitter.com/okx
FaceBook	https://www.facebook.com/okexofficial
Reddit	https://www.reddit.com/r/OKEx

Currency Introduction

OKB is a global utility token issued by the OK Blockchain Foundation, abbreviated as OKB. OKB does not conduct an ICO and is not publicly funded through investors. Initially issued based on Ethereums ERC 20 protocol, it will eventually migrate to its own public blockchain, OKChain.

The OKB Foundation and OKX will establish a strategic partnership to integrate OKB as a crucial component of the OKX ecosystem, with future applications across the OKX platform and projects within the OKX investment ecosystem.

Sharing and transparency are core tenets of blockchain, and OKX will launch a platform sharing program. This program will distribute 60% of OKBs global utility tokens free of charge to OKX users annually. This initiative aims to involve every user in the platforms development and growth, co-creating the OKX blockchain ecosystem.

1. Project Introduction

OKB is the native token of the OKX platform, with its value supported by OKXs performance and buyback activities. It has a deflationary model, with a one-time issuance and quarterly burn mechanisms.

OKB Buyback and Burn
The original plan for buyback and burn began on May 4, 2019. For the 300 million OKB tokens in circulation, OKX allocated 30% of trading fees to repurchase and destroy OKB tokens. From May 4, 2019, to May 31, 2019, weekly buybacks and burns were conducted, with detailed information published each Friday. Starting from June 1, 2019, buybacks and burns occurred every three months, with details disclosed within a week after completion.

On February 10, 2020, the company announced the destruction of all 700 million unissued OKB tokens, making OKB the first fully circulating exchange token globally.

OKChain
OKChain is a public chain system developed and launched by OKX. OKB, as a crypto asset empowered by the OKX platform, will operate on OKChain in the future, marking a leap into the era of blockchain public chains. OKB will also be freely traded on OKX DEX and interoperate effectively with decentralized exchanges and trading pairs built by users within the OKChain ecosystem.

2. Commentary

The intrinsic value of OKB increases through: empowerment through ecosystem development, expansion of trading channels, the platforms own performance, and the construction of a deflationary model through buybacks and burns. Here are some highlights:

Ecosystem Development: Expanding internal and external use cases, currently including 11 internal and 32 external applications.
Trading Expansion: Offering fiat on-ramps for major currencies such as USD, EUR, KRW, INR, VND, and more, for users worldwide.
Buyback and Burn: With a total supply of 300 million OKB tokens, 13,978,364 have been burned, leaving 286,021,636 in circulation. OKB promises never to issue additional tokens, making it the worlds first fully circulating exchange token.

OKX continues to deepen ecosystem development for OKB, expanding its applications. OKB is now used in various sectors, including payment wallets, trading, financial services, lending and wealth management, cybersecurity, tourism, leisure and entertainment, and daily life services. The platform constantly expands OKBs trading channels, activating its market potential. OKBs fiat channels cover dozens of countries, including USD, EUR, INR, VND, KRW, and others. Additionally, OKB is listed on numerous leading trading platforms and trading pairs for major cryptocurrencies. The deflationary model is continuously improved, with increased buyback and burn efforts. The company commits to never privately issue additional tokens, ensuring that all buybacks and burns come from the secondary market, thus enhancing OKBs intrinsic value.

Related Links:
https://www.okex.com/okb/
https://okexsupport.zendesk.com/hc/zh-cn/articles/360027937552-%E5%85%B3%E4%BA%8EOKEx%E8%BF%9B%E8%A1%8COKB%E5%9B%9E%E8%B4%AD%E9%94%80%E6%AF%81%
E7%9A%84%E5%85%AC%E5%91%8A
https://weibo.com/ttarticle/p/show?id=2309404470853080318386&mod=zwenzhang

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Development History

2019-03-29Optimization and adjustment of OKB Happy Friday distribution rules: use the BTC of 300 million circulating parts in the original rules to repurchase OKB, and then distribute the repurchased OKB to OKB holders according to the existing snapshot and position rules. (As of March 29, 2019, 50 issues have been distributed on Happy Friday)

2019-03-28OK Group invested in PrimeTrust, an American trust institution, and signed a strategic investment agreement with Prime Trust to jointly launch OKUSD, a stable currency. PrimeTrust, an American blockchain trust company, has been licensed by the banking regulator of Nevadas financial institutions department to provide various services to American and international customers, including custody, trust, fund handling, anti-money laundering compliance, and trading technology.

2019-03-22The first anniversary of the launch of OKB, five mysteries of ecological construction unveiled: (1) ERC20 will be launched first at the end of April, and the test network will be launched in June 2019. After the test network is stable, OKB will be transferred from ERC20 network to OKChain main network. (2) OKDex, the first decentralized exchange under OKEx, will be launched, and OKB will become the transaction fee of OKEX, and the super node candidates will vote, and OKB will be used for token pre-sale on OKChain. (3) The unlocking time of 700 million OKB was postponed from 2020 to 2022. (4) From March 29th, 2019, we will optimize and adjust the incentive payment rules: BTC will be issued every week to buy back OKB, and then the repurchased OKB will be issued to OKB holders according to the existing snapshot and position rules. (5)OK Jumpstart will use OKB as the only designated purchase token.

2018-12-18Announced the launch of the public chain OKchain. OK Group announced the launch of public chain OKchain at the launching ceremony of B-Labs joint venture space in Hangzhou, and it is initially expected to go online in 2020.

2018-04-28Online OKB trading area

2018-04-20Happy Friday was launched, and 50% of the platforms weekly handling fee was used as a super incentive fund and distributed to the OKBOSS group (all users holding OKB are members of the OKBOSS group).

2018-03-23OKB Global Universal Points Online Trading