OKB OKB
Cryptocurrency · Other · Not Mineable · launched in 2018
№37of 40 004
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- Price —
- $2.27 billion
- Capitalization
- $29.03 million
- Volume over 24 hours
- 0.08%
- Dominance
About the coin
- Circulating supply
- 21 million OKB
- Total supply
- 21 million OKB
- Maximum supply
- 21 million OKB
- Fully diluted capitalization
- $2.27 billion
- 24h high
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- 24h low
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OKB (OKB) is a global utility token of the OKX ecosystem, launched by the OK Blockchain Foundation in 2018. The asset is designed to provide users with exclusive benefits and optimize trading costs on one of the world's largest cryptocurrency exchanges. Token holders receive significant fee discounts, access to premium token sales on the Jumpstart platform, and passive income through earning services.
The token model is built on a strict deflationary buy-back and burn mechanism: every three months, the exchange uses 30% of spot market commission revenue to purchase and subsequently burn OKB, systematically reducing its total market supply.
Additional information
FAQ
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OKB is a global utility token created by the OKX blockchain platform. It serves as the main economic connector within the exchange ecosystem, providing token holders with a wide range of financial bonuses, discounts, and exclusive opportunities when working with crypto assets.
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Holding OKB provides users with progressive discounts up to 40% on spot and derivative trading commissions. Additionally, token holders gain the right to participate in project launches on OKX Jumpstart launchpad, unlock access to higher yield rates in savings products, and can use the asset to pay for partner services.
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The token has implemented a strict deflation buyback and burn program. Once per quarter, the exchange team directs exactly 30% of all collected spot trading commissions to repurchase OKB tokens from the open market. All these coins are sent to a burn address and permanently destroyed, reducing circulating supply and supporting long-term asset economics stability.
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The initial OKB token emission was issued on the Ethereum blockchain and is an ERC-20 standard token. The asset is natively integrated into the company's entire infrastructure and actively used as a key component for liquidity and cross-chain transfers, including within the fast EVM-compatible second-layer network X Layer.
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These are two different assets. OKB is a global utility and developer token of the OKX ecosystem and exchange, providing discounts and access to Jumpstart. OKT, in turn, is the native coin (gas) of the OKC (OKX Chain) layer-one network, required for paying transaction fees for smart contracts and rewarding validators for staking.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .