• Notifications Markets & Prices
      View more
    • Language & Exchange Rate Switch
    • Preference Settings
      Rise/fall colour
      Starting time for price change
    $22.0933 $ 22.0933
    +¥5204,24 0.8% 1D
    1D 1M 1Y ALL
    No data
    Market Cap (USD)
    24H Volume
    Circulating Supply
    251.63M OKB
    Max Supply
    All Time High




    • About OKB (OKB)

      OKX is a digital asset trading platform established in May 2017, headquartered in Seychelles. Its predecessor is OKCoin, which is mainly aimed at domestic mainland trading users. However, due to policy changes, it chose to move abroad and complete the brand upgrade - OKEX. On January 18, 2022, it was expected that the positioning of the future crypto ecological infrastructure provider would include the launch of trading system, MetaX, multi-chain wallet, OKX NFT market, DEX, DaPPs and other products, as well as OEC public chain and OKX ventures investment. Therefore, it was officially renamed OKX, and the original OKEx DeFi Hub was renamed MetaX.

      OKX currently provides a variety of cryptocurrency trading services, including wallet, OTC, spot, contract, option and other types of products, and covers the purchase and sale of most mainstream currencies such as Bitcoin, Ethereum and Litecoin. OKB is the platform currency of its trading platform.

      How does OKX (OKB) Work?

      The cryptocurrency trading platform mainly earns intermediate commission income by providing users with safe and reliable trading market services, and OKB is just like the stocks issued by securities companies in the traditional securities market.

      As a platform currency, the initial value of OKB is reflected in the development of the platform and the relationship between supply and demand in the market. On the level of market supply and demand, the economic model adopted by OKB is the deflation model (the same as most platform currencies), that is, the total amount of issuance is limited and there is a regular repurchase and burning mechanism, so that the circulation in the market continues to decrease until it reaches a lower value. In this way, the price rise will encourage more people to hold it, thus driving the price rise. In February 2020, OKX announced the total destruction of 700 million OKB that had not yet been issued. OKB officially entered the absolute deflation mode and will become the first fully circulated utility token in the world.

      OKB burning solution: OKEx takes out 30% of the handling fee for currency transactions to buy back OKB and transfer it to the black hole address for complete destruction.

      On the other hand, the utility token is also related to the market expectations of investors in the market. When the expectations are higher, it will also bring the support of pulling up. Therefore, the major trading platforms are constantly expanding the application scenarios of the utility token to create demand for the utility token. OKB's ecosystem construction has also built a variety of application scenarios, such as liquidity, handling fee preference, voting on coins, merchant rights and interests, public chain ecosystem empowerment, etc. With the continuous expansion of OKB's ecosystem construction, OKB's price will also be positively affected.

      What is OKX (OKB)?

      OKB is a global universal point issued by the OK Blockchain foundation, referred to as OKB. OKB does not do ICO and does not publicly raise funds from investors. It uses the token economic model to connect innovative digital asset projects and users to create an OKEx ecosystem closed loop. The initial circulation of OKB was 1 billion. In 2020, it was announced that the 700 million that were not issued would be burnt, officially entering full deflation. Presently, the total issued amount is 300 million OKB, and holding OKB can enjoy various interests:

      1. Service fee discount
      2. Open win-win plan
      3. Jumpstrat coins
      4. Rights and interests of fiat currency merchants
      5. Public chain platform empowerment, etc.
    • OKB Market

      Currency Price 24H Change Action
      OKB /USDT
      5X Margin
      $22.0933 +0.8% Trade
      OKB /USDT
      $21.866 +0.01% Trade
      OKB /USDT
      $22.0933 +0.8% Trade

    OKB FAQs

    • 1. What determines the price of OKB?
      There are two schools of thought in determining the price of OKB.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of OKB, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of OKB from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of OKB on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for OKB as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for OKB and the cryptocurrency market as a whole.
    • 2. What is the highest price of OKB in history?
      OKB achieved the all-time high of €41.88 in 2021-05-03, and is currently trading at €21.02.
    • 3. What is the lowest price of OKB in history?
      In 2019-01-14, OKB reached the all-time low of €0.55.
    • 4. Should I buy OKB now?
      It is important to remember that OKB, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    OKB Calculator

    1 OKB≈ $ 21.020876415489
    Trade OKB (OKB)
    Deposit and Earn 30 Points
    complete your first deposit and claim 30 Points
    View details Deposit Now




    gate.io APP

    gate.io APP 2.0

    gate.io APP 2.0
    language and region
    exchange rate
    Survey with rewards
    Participate in a survey, Win a reward of 20USDT
    Start survey
    Survey with rewards
    Participate in a survey, Win a reward of 20USDT