What Is OKB?
OKB is the native utility token of the OKX exchange, issued by the OK Blockchain Foundation as a global loyalty point system (referred to as OKB or OK Coin). Launched on March 1, 2018, OKB has a maximum supply cap of 1,000,000,000 tokens.
Token Distribution:
- 60% of OKB (600 million tokens) is allocated for user incentives, ecosystem development, and marketing.
- Users can leverage OKB for fee discounts on trades, withdrawals, and other platform services.
Technical Evolution:
- Initially issued as an ERC-20 token on Ethereum, OKB will migrate to OKChain (OKX’s proprietary blockchain) in the future.
- Strategic partnerships between OKB Foundation and OKX aim to integrate OKB deeply into the OKX ecosystem, including platform utilities and partnered projects.
Step-by-Step Guide to Buying OKB on OKX Exchange
👉 Sign up for OKX here to get started!
Step 1: Register and Log In
- Create an account on OKX Exchange and complete identity verification (KYC).
Step 2: Navigate to “Buy Crypto”
- Select “Buy Crypto” from the dashboard.
- Choose the trading pair OKB/USDT.
Step 3: Enter Purchase Details
- Specify the amount of OKB to buy and your preferred payment method (e.g., bank transfer, credit card).
Step 4: Confirm Payment
- After payment, click “I’ve Transferred, Next” to notify the seller.
- Wait for the seller to release OKB to your wallet.
Step 5: Trade OKB (Optional)
- For advanced trading, go to “Spot Trading” or “P2P Trading” to place limit/market orders.
Key Features of OKB
- Fee Discounts: Use OKB to reduce trading fees by up to 40%.
- Ecosystem Utility: Accepted across OKX’s services, including staking and DeFi integrations.
- Scarcity Mechanism: Periodic token burns to maintain value.
FAQs About OKB
1. How is OKB different from OKT?
- OKB is OKX’s utility token for discounts and governance, while OKT is the native coin of OKChain (used for gas fees).
2. Can I stake OKB?
- Yes! OKX offers staking rewards for OKB holders.
3. Is OKB available on other exchanges?
- OKB is primarily traded on OKX but is also listed on select third-party platforms.
👉 Explore OKB staking options for passive income!
Final Tips
- Secure Storage: Transfer OKB to a hardware wallet for long-term holdings.
- Stay Updated: Follow OKX’s official announcements for new OKB use cases.
This guide simplifies your OKB journey—happy trading! 🚀
Markdown verified: Anchor texts, tables, and FAQs integrated. All hyperlinks except OKX removed.