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OKB is a worldwide utility token that enables OKX users to access several features of the crypto exchange Specifically OKB computes and pays trading fees provides users access to voting and administration on the site and rewards users for staking it OKB token holders get a service fee discount voting rights and the ability to participate

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OKB Chain The OKB Chain OKBC is a zkEVM layer2 on the Ethereum network It uses the Proof of Authority consensus protocol and deploys OKB as the settlement token for paying gas fees on the network OKBC will feature a bridge transporting OKB tokens to and from the Ethereum mainnet

OKB repurchased 30 of the proceeds from spot trading fees OKB launched the testnet for OKChain the exchanges private blockchain in February 2020 The exchange burned 700 million unissued OKB tokens from its ICO in September 2020 reducing the total supply to 300 million minus the OKB tokens already burned

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OKB is a global utility token issued by OKX Blockchain Foundation All OKB holders can enjoy exclusive functions on OKX platform with a wide range of ecosystem use cases available

What Is Okb

What is OKB The utility token of OKX

OKB is the native utility token of the OKEx platform a leading cryptocurrency exchange It serves various functions within the ecosystem including trading fee discounts token sales and governance

OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange OKEx The exchange is one of the largest in the world and currently ranks third in liquidity fourth in trading volume and provides a wide selection of trading pairs OKEx is similar in many aspects to the cryptocurrency exchange giant Binance but there are a few key differences

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OKB is the utility token associated with the OKX exchange designed to facilitate transactions and provide access to platformspecific features Initially developed as an ERC20 token on the Ethereum blockchain OKB has since migrated to OKExChain which supports greater flexibility and functionality

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What Is Okb

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OKB launched in 2018 and the total supply of OKB is 300 million Notably the OKB circulating supply is periodically reduced when OKB is burned What is OKB Launched in March 2018 OKB is the native utility token of the OKX exchange The main utility for OKB is the discounts on the trading fees charged by the OKX exchange

OKB is the native cryptocurrency of the Maltabased crypto exchange OKX The OKX platform is the de facto European counterpart of the leading Chinese exchange OKCoin Cryptocurrency exchanges are among the most important entities in the industry and provide an essential gateway for users to adopt crypto and purchase their coins

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OKB is a utility token of the OKX exchange that users can use to trade spots and derivatives Learn what OKB does how to deposit it on SimpleFX and what its current and future prices are