What Is OKB (OKB)?
OKB is the OKEx utility token that enables users to access the crypto exchange’s special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB.
What Makes OKB (OKB) Unique?
The OKB token plays an important role in the OKEx ecosystem.
It allows users to receive up to a 40% discount on transactions (depending on the number of tokens a user has).
Platform members can receive passive income if they have OKB tokens, and the token is involved in OKEx Earn (this project helps users earn on their assets).
Another purpose of the OKB token is to allocate funds on the OKEx Jumpstart platform. Participation on Jumpstart is available only after registration on the site — then sales are made through MixTrust.
OKB is the native asset of the OKExChain (the OKEx blockchain). The OKB token is used on the chain to facilitate spot trading, derivatives trading, and the simultaneous development of several scalable applications. Additionally, a layered architecture reduces consensus times, improves scalability, and boosts security.
To add value to OKB and make the digital coin more attractive to holders, OKEx regularly burns tokens every three months and records the coin burn on the official website.
For this procedure, OKEX uses 30% of the income from commission fees. On top of that, welcome bonuses are provided to new users.
The price is testing historical price levels that were seen for the last time in February-21.
The movement was all caused by the BTC and LUNA and this is the reason why many tokens are testing
historical price levels.
This is a very good time to exchange USDT for OKB.
Two simple reasons:
1. Lower commissions fees
2. We can have an increase in the token value faster than we can expect.
So let’s suppose that when the price will increase in the levels where it was 2 months ago you will have +97% profit on your account.
if the price will test December-22 price levels you will have +177% profit
And the price will test those areas again in the coming months:)
Thank you and Good Luck!
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