OKB (OKB) Market Overview
The current price of OKB (OKB) is $49.04**, with a 24-hour trading volume of **$4,779,962. Over the past day, OKB's price declined by -1.48%.
Key Metrics:
- Circulating Supply: 60 million OKB
- Max Supply: 300 million
- Total Supply: 300 million
- Circulation Rate: 20%
- Market Cap: $2,942,580,000
What Is OKB?
OKB is a global utility token issued by the OK Blockchain Foundation, with a total supply of 300 million. Unlike traditional ICOs, OKB was not publicly offered to investors.
Tokenomics & Deflationary Mechanism:
- Quarterly Buyback & Burn: OKEx allocates 30% of spot trading fees to repurchase OKB from secondary markets. These tokens are permanently burned (sent to a blackhole address).
- Historical Milestone: On February 10, 2020, OKB became the first fully circulating exchange token after burning 700 million unissued OKB.
Utility & Ecosystem:
OKB powers the OKEx ecosystem, offering holders benefits such as:
- Fee discounts on trades.
- Exclusive access to platform features and events.
- Voting rights for new token listings.
Contract Addresses:
| Blockchain | Contract Address |
|-------------|------------------|
| Ethereum | 0x75231f58b... |
| OKChain | 0xdf54b6c61... |
FAQ
1. How often does OKB burn tokens?
OKB burns tokens quarterly, using 30% of OKEx’s spot trading fees. Detailed reports are published post-burn.
2. What makes OKB unique?
OKB is the first platform token to achieve full circulation, enhancing scarcity and long-term value.
3. Where can I store OKB?
OKB is supported by major wallets like MetaMask (Ethereum) and OKExChain-compatible wallets.
Final Thoughts
OKB’s deflationary model and ecosystem integration position it as a cornerstone of the OKEx platform. For real-time updates, refer to official channels.
Disclaimer: Cryptocurrency investments involve risk. Conduct independent research before trading.