OKX Token is the official cryptocurrency of the OKX exchange, featuring two distinct tokens: OKB and OKT. These tokens serve different purposes within the OKX ecosystem. Below, we explore their features, tokenomics, and use cases in detail.
Overview of OKX Exchange
Following the collapse of FTX, OKX emerged as the second-largest centralized crypto exchange (after Binance). According to DefiLlama, in 2024, OKX’s daily trading volume reached $2.2 billion**, with total assets under management exceeding **$22 billion.
Beyond its exchange services, OKX has expanded into DeFi projects, including:
- [List relevant DeFi projects here, if applicable]
Detailed Insights into OKX Token
OKB Token Key Metrics
- Token Type: Utility token
- Blockchain: Ethereum (ERC-20)
- Primary Use: Discounts, staking rewards, governance
OKB Token Allocation
The distribution of OKB tokens is structured as follows:
| Allocation Category | Percentage |
|---------------------|------------|
| Team & Development | 30% |
| Ecosystem Growth | 40% |
| Community Rewards | 20% |
| Reserve | 10% |
OKB Token Use Cases
Holders of OKB enjoy benefits such as:
- Trading fee discounts (up to 40%).
- Exclusive access to token sales and platform features.
- Governance voting rights for protocol upgrades.
👉 Discover how OKB enhances your trading experience
OKT Key Metrics
- Token Type: Native blockchain token (OKT Chain)
- Consensus Mechanism: Proof-of-Stake (PoS)
- Max Supply: Capped similarly to Bitcoin (halving every 9 months)
OKT Allocation
OKT follows a decentralized distribution model:
- Block Rewards: 0.5 OKT per block (halved every 9 months).
- 100% allocated to miners and users (no pre-mine or team reserves).
OKT Token Use Cases
OKT is used for:
- Paying gas fees on OKT Chain.
- Staking to secure the network and earn rewards.
Storing OKB & OKT Tokens
Both OKB and OKT (ERC-20) can be stored in wallets like Coin98 Super Wallet:
- Open the wallet and select Receive.
- Search for OKB/OKT.
- Copy the wallet address and send tokens to it.
Alternatives to OKX Token
Similar tokens in the exchange ecosystem include:
- Binance Coin (BNB)
- Huobi Token (HT)
- KuCoin Token (KCS)
FAQ
1. What’s the difference between OKB and OKT?
OKB is a utility token for OKX exchange benefits, while OKT powers the OKT Chain blockchain.
2. How can I buy OKX Tokens?
Purchase OKB/OKT on OKX exchange or supported platforms like Coin98.
3. Is OKT inflationary?
No, its supply reduces via halving, mirroring Bitcoin’s model.
👉 Explore OKX Token’s latest developments
Note: All external links except OKX have been removed as per guidelines.
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