OKB (OKB) Price, Market Cap and Information

OKB, the global utility token issued by OK Blockchain Foundation, is one of the fundamental infrastructures of OKEx trading platform. All OKB holders can enjoy exclusive functions on OKEx platform with a wide range of ecosystem use cases available.

We hope to achieve a win-win situation in the global blockchain era and jointly promote the healthy development of the blockchain and digital asset sector through OKB. OKB is a deflationary token with the total supply of 300 million OKB, and a certain amount of OKB will be repurchased by the platform from the secondary market quarterly. OKB is currently issued based on the ETH network. 

OKB (OKB) is a cryptocurrency token and operates on the Ethereum platform. OKB has a current supply of 300,000,000 with 60,000,000 in circulation. The last known price of OKB is $5.16 USD and is up 2.67% over the last 24 hours. It is currently trading on 51 active market(s) with $141,317,189.729 traded over the last 24 hours.

OKB team has received plenty of feedback from over 1,000 users around the world since we proposed the OKB Buy-back and Burn Plan on April 28, 2019. We decided on the following strategy after consideration. From May 4, 2019, 30% of the OKEx spot market transaction fee income will be used to buy back OKB from the 300 million circulating supply on the secondary market and transferred to a black hole address for burning.

Starting from June 1, 2019, OKB burning will be carried out every three months, and detailed information will be announced within one week after the destruction is completed. In this way, all OKB supporters will gain benefits from the value increase resulting from supply reduction.