Home » Crypto » What is OKB coin and how does it work?

What is OKB coin and how does it work?

by Financial Economy

OKB Coin is the own cryptocurrency of OKEx, one of the leading cryptocurrency exchanges. Like many crypto currency exchanges, OKEx has launched its own crypto currency, which can be used for many transactions on the exchange. Detailed information about what is OKB coin and how does it work, how to buy it, comments about it, etc. is in the continuation of the article. You can browse here for information about Sushiswap (SUSHI).

What is OKB coin and how does it work?

OKB, the native utility token of cryptocurrency exchange OKEx, is currently an ERC-20 token. A utility token like Binance Coin (BNB). However, OKB is issued by the OK Blockchain Foundation and accepted by OKEx.

There was an initial total supply of 300,000,000 to 1 billion OKB on the market. According to OKEX’s announcement, 700,000,000 OKB was burned, which was not exported any more. In line with the overall performance of the crypto market and the global economy, the token also suffered a price drop and is trading at around $10.24 as of today (24.06.2021).

Cryptocurrency OKB has developed 52 internal and external application scenarios covering payments, market data, wallet, lending and asset management, cybersecurity, travel, lifestyle and entertainment applications that allow holders to purchase products or services with OKB.

About $100 million worth of OKB coins are traded daily. Major trading pairs include USDT, BTC, and ETH. While the vast majority of OKB is traded on OKEx, it is also available on more than 40 peer-to-peer, spot and decentralized exchanges covering 141 countries and territories. When the OKB coin chart is examined, it is seen that the highest value of the token in all time was $ 42,6520 and the lowest value was $ 5.04.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment