Why you should have OKB- OKX Native Token
For crypto enthusiasts and traders, few things beat having to identify a token with a real use-case. Finding a token with a use-case that has a day-to-day use can not be underrated in the process of doing Fundamental analysis. Fundamental analysis is a method of measuring a token’s intrinsic value by examining related economic and financial factors, the end goal is to arrive at a conclusion with the token’s current price in order to see if it is undervalued or overvalued.
OKB is a token to look into, the token has been on the watchlist of top crypto traders and it is considered as an undervalued gem. All users of OKX, a world leading cryptocurrency exchange, should have an idea of what OKB is and why it is worth holding.
What is OKB token about?
OKB is a blockchain-based utility token created by the OK Blockchain Foundation (founder of OKX in 2017, formerly OKEx) in March 2018. The creation of the token is aimed at connecting prospective digital asset projects to OKX users, crypto enthusiasts and investors, creating an ecosystem of collaboration for the advancement of blockchain technology and innovation. It is to be noted that OKB and OKT are two different tokens although both can be used to trade cryptocurrency assets on OKX.
OKT is the native token of an Okx blockchain network while OKB is the native digital asset for OKX and designed for trading purposes only.
OKB Metrics
Ticker: OKB
Contract:
ETH- 0x75231f58b43240c9718dd58b4967c5114342a86c
OKX chain - 0xdf54b6c6195ea4d948d03bfd818d365cf175cfc2
SORA - 0x0080edc40a944d29562b2dea2de42ed27b9047d16eeea27c5bc1b2e02786abe9
Decimal: 18
Total supply: 300,000,000 OKB
Circulating supply: 267,436,117 OKB
Reasons to hold OKB and its use-cases
=> Trading fee discounts: Active traders on OKX can save up to 25% just on trading fees alone by holding the token. This is one of the ways OKX users have been improving their profits on the crypto exchange.
=> OKX Jumpstart: This is a great way for OKB holders to earn. It allows holders of OKB on the crypto exchange to stake their holdings and earn reward tokens from new blockchain projects looking to launch. Holding 100 OKB tokens for five consecutive days allows participation in Jumpstart token sales, where user allotment rates and subscription amounts depend on the size of OKB holdings. The more the OKB holdings, the more the allotment rate.
=> OKX Earn: Active OKX users earn passive income from the OKX Earn section. OKB holders earn additional profit based on their savings, alongside digital assets available in the section.
=> Benefits: OKX users get to convert their small balances to OKB, use OKB for margin trading, C2C lending, voting, and so on.
=> Token Burn: The team uses 30% of the income from OKX spot trading fees to buy back and burn OKB from the 300 million in circulating supply every 3 months.
The easiest way to buy OKB is on OKX, open an account and hold some OKB today.
About OKX
A world-leading cryptocurrency spot and derivatives exchange, OKX offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks.
We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.
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