What Is OKB?

1. What Is OKB?

OKB is the native utility token of the OKX ecosystem (formerly OKEx). It serves as a multi-purpose token that unlocks discounts, rewards, governance rights, and access to financial services across the OKX exchange, OKX’s own blockchain “X Layer,” and partner networks. OKB is designed to strengthen user loyalty, power staking and participation, and act as a gas token for OKX’s blockchain infrastructure.

2. Why OKB Was Created

OKB was created to address key limitations of traditional exchanges and provide more value to users:

• Reduce trading costs through discounts for token holders
• Align incentives with staking, rewards, and token launch participation
• Enable governance by allowing users to vote on important decisions
• Create a deflationary model through buy-back and burn programs
• Support a Web3 stack by serving as gas for OKX’s X Layer blockchain

3. How OKB Works

1. Users acquire OKB through OKX, partners, or decentralized exchanges.
2. Holding OKB provides trading fee discounts and higher exchange status tiers.
3. Staking OKB allows participation in OKX Jumpstart token launches and yield opportunities.
4. OKB holders vote on token listings and ecosystem upgrades.
5. On OKX’s X Layer blockchain, OKB is used as the native gas token.
6. Regular buy-backs and burns reduce supply, making OKB deflationary.

4. Key Features of OKB

• Up to 40% trading fee discounts on OKX
• Staking opportunities and yield-earning through OKX Earn and Jumpstart
• Exclusive access to token launches via OKX Jumpstart
• Governance rights for voting on listings and upgrades
• Deflationary supply with regular buy-backs and burns
• Gas token for transactions and smart contracts on OKX’s X Layer
• Integration with partner services for global payments and utility

5. Who Can Use OKB?

• Frequent traders seeking reduced fees and higher VIP tiers
• Yield seekers interested in staking and passive income
• Developers and Web3 users building on OKX’s X Layer
• Projects and token issuers joining OKX’s Jumpstart platform
• Community participants wanting governance rights
• Merchants and partners integrating blockchain-based payments

6. What Is the $OKB Token?

$OKB is the native utility token of OKX. It powers multiple functions within the ecosystem:

• Fee payment and discounts: Holders save up to 40% on trading fees.
• Staking and rewards: OKB can be staked for passive income and access to token launches.
• Governance: Token holders vote on listings and platform decisions.
• Gas token: Used to pay transaction fees and run smart contracts on X Layer.
• Deflationary model: Periodic buy-backs and burns reduce total supply.
• Fixed supply: After major burns, OKB’s total supply is capped at 21 million tokens.