Introduction to OKB
OKB is the native utility token of OKX Exchange, launched in April 2019 as an ERC-20 cryptocurrency. It powers the OKX ecosystem by offering holders benefits like discounted trading fees, governance participation, and staking rewards.
👉 Discover how OKB unlocks exclusive exchange perks
What is OKX Exchange?
Founded in 2017 as a spin-off from OKCoin, OKX has grown into a top-tier centralized exchange with:
- 180B+ daily trading volume
- API integration for algorithmic trading
- Multi-currency wallets & margin trading
- Zero security breaches since inception
Headquartered in Malta, OKX ranks among the top 5 exchanges globally by liquidity.
Unique Features of OKB Token
1. Tiered Fee Discounts (Up to 40%)
Hold OKB to reduce trading costs:
- Regular users: Discounts based on OKB holdings
- VIP users: Discounts tied to trading volume
2. Quarterly Token Burns
OKX allocates 30% of commission revenue to buy back and burn OKB:
- 300M+ OKB burned (~$1.1B value)
- Deflationary mechanism increases scarcity
3. Earn Passive Income
- OKX Earn: Stake OKB to generate yield
- Jumpstart: Early access to vetted crypto projects (requires 100 OKB held for 5 days)
4. Governance & Voting Rights
OKB holders influence platform decisions through proposals.
Primary Use Cases of OKB
| Use Case | Benefit |
|---|---|
| Paying trading fees | 25–40% discount |
| Staking | Additional OKB rewards |
| Jumpstart participation | Early crypto investments |
| Governance | Voting on platform upgrades |
👉 Maximize savings with OKB’s fee structure
FAQs About OKB
Q: How does OKB’s burn mechanism work?
A: OKX burns 30% of OKB paid as fees, reducing supply to boost value—similar to Binance’s BNB model.
Q: Can OKB be staked?
A: Yes! Stake via OKX Earn for passive income.
Q: What’s the minimum OKB needed for Jumpstart?
A: Hold 100 OKB for 5 days to qualify.
Q: Is OKB inflationary?
A: No—its deflationary design ensures decreasing supply over time.
Conclusion
OKB serves as the backbone of OKX’s ecosystem, offering tangible utility through fee discounts, burns, staking, and governance. Its deflationary model positions it as a compelling long-term asset in the crypto space.
For the latest OKB burn stats and platform updates, visit OKX’s official website.
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