Current OKB Market Status
Latest Price: $50.07
24-Hour Trading Volume: $3,775,975
24-Hour Price Change: +0.59%
Key Metrics
- Circulating Supply: 60 million OKB
- Max Supply: 300 million
- Total Supply: 300 million
- Circulation Rate: 20%
- Market Cap: $3,004,104,000
Blockchain Explorers for OKB
What Is OKB?
OKB is a global utility token issued by the OK Blockchain Foundation, with a total supply of 300 million tokens. Unlike ICOs, OKB was not funded through public investments.
Tokenomics and Buyback Mechanism
- Quarterly Buybacks: 30% of spot trading fees are used to repurchase OKB from secondary markets.
- Token Burn: Repurchased tokens are permanently sent to a black-hole address.
- Historical Milestone: In February 2020, 700 million unissued OKB were burned, making OKB the first fully circulating exchange token.
👉 Learn how OKB’s deflationary model enhances long-term value
Utility and Ecosystem
OKB powers the OKEx ecosystem, enabling:
- Participation in platform operations.
- Access to premium services and exclusive events.
- Early adoption of new platform features.
Contract Addresses
- Ethereum:
0x75231f58b43240c9718dd58b4967c5114342a86c - OKChain:
0xdf54b6c6195ea4d948d03bfd818d365cf175cfc2
FAQ
1. How does OKB’s burn mechanism work?
OKEx uses 30% of spot trading fees to buy back and burn OKB quarterly, reducing supply and increasing scarcity.
2. What makes OKB different from other exchange tokens?
OKB is fully circulating, with no reserved team tokens—ensuring equitable distribution and transparency.
3. Where can I store OKB?
OKB is compatible with ERC-20 wallets (e.g., MetaMask) and native OKChain wallets.