OKB (OKB)

OKB is a cryptocurrency created by OKX, formerly known as OKEx, a major digital asset exchange. Functioning as the platform's house token, it serves as a utility asset for users holding digital money on the internet. Ownership of OKB provides holders with specific benefits, such as discounts and access to special events, similar to a loyalty card for a marketplace. Beyond user perks, the token powers the underlying blockchain network operated by the company.

Technical Foundation and History

• Origin: OKB initially launched as a token built on the Ethereum blockchain, adhering to the ERC-20 technical standard.
• Evolution: The asset later transitioned to OKX's own dedicated blockchain network, where it continues to play a central role.
• Supply: The protocol defines a maximum supply cap of 300,000,000 tokens.
• Technology: As a blockchain asset, every transaction is recorded on a shared, public ledger that ensures transparency and prevents unauthorized alterations.

First appearing in market data records in 2019, OKB remains integral to the ecosystem of the exchange and its connected technology infrastructure.