Jay Hao

OKB is the native token of OKX exchange that provides discounts on trading fees and grants access to the OK Jumpstart IEO platform.

OKB (OKB) serves as the native token for the OKX platform, a cryptocurrency exchange platform offering various financial services. These services include spot trading, margin trading, futures and options, swapping, DeFi, lending, and mining services. OKX aims to provide users with a safe and transparent platform for trading and investment.

As an ERC-20 token, OKB operates on the Ethereum blockchain. OKB holders enjoy various benefits on the OKX platform, including trading fee discounts and passive income-generating opportunities. OKX also burns a portion of the circulating supply of OKB tokens as a reward to OKB holders. Token burning is a process where a fraction of tokens is sent to a wallet without a private key, rendering them permanently inaccessible. Token burning is typically done to reduce availability and increase market value. OKX repurchases OKB tokens using 30 percent of the profits generated every three months, sending the tokens to a verified burn address, thus removing them from circulation forever.

Jay Hao

OKX. CEO

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