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What is OKB all about
OKB is a cryptocurrency asset used in the OKX crypto exchange environment. It is an ERC-20 token, which runs on the Ethereum network. It is issued by the OK Blockchain Foundation, which founded the OKX ecosystem. OKB is used for transaction and trading fees on the platform. OKX also features a VIP system, which allows holders of OKB to pay lower trading fees. OKXs underlying mission is to make cryptocurrency trading available for everyone.
OKB is also the platform's governance token. Users may vote on prospective token listings with one vote being represented by one OKB. The token may also be used to generate passive income through the platform's savings option. OKX offers many possibilities to use your crypto in that way. Staking, DeFi, Jumpstarts and more, are all available through OKX Earn. OKX platform supports additional features like a wallet, margin, and algorithmic trading functionality. The platform also provides cloud mining services.
In order to maintain a high price of OKB, OKX regularly buys back tokens and burns them to lower the supply. This procedure takes place once every three months, and its results are documented on the official website.
OKX was established in 2017 under its previous name OKEx. It was built by a Chinese crypto exchange company known as OKCoin. OKX focuses on trading cryptocurrency, while OKCoin is mainly used for purchasing crypto with fiat currency.
OKX is also developing its own blockchain. OEC previously called OKExChain is their decentralized blockchain. It is a public permissionless blockchain that supports various projects and applications. It also comes with its own native cryptocurrency: OKT.
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OKB Questions & Answers
When did OKB hit its highest price?
OKB was the most expensive on 2021-05-03, at 36.57 Euro.
What is the price of OKB going to be next month?
Using our price prediction, we estimate that the cost of OKB will reach between €2.26 and €12.06 next month.
Currently, what is the price of OKB?
Currently, the price of OKB is at 11.63 Euro.
What is the price of OKB going to be six months from now?
Long term projections are very difficult, however in accordance with our prediction we expect that the cost of OKB will be between €0 and €12.40 in 6 months.
Does OKB have a large following on online?
0 people engaged in discussing OKB on Reddit in the last 2 days. OKB's Twitter handle is currently followed by 0 people.
Is OKB expected to increase in value in 3 months time?
In accordance with our price prediction we expect the cost of OKB will reach anywhere between €0 and €12.40 in 90 days.
10 days OKB price forecast
Long term OKB price prediction