|Volume / Market Cap||0.0151|
|Total Supply||300,000,000 OKB|
OKB is currently trading at $28.58, after a price change of 3.34% in the last 24 hours.
Ranked as cryptocurrency #30 by capitalization today, OKB market cap is valued at $1,714,773,463. OKB trading volume reached $25,849,469 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on OKB coin price prediction page.
What is OKB?
OKB is a crypto coin released by the OKEx crypto exchange and the OK Blockchain foundation in 2019. It is an ERC-20 token that serves the important functionality of syncing multiple services and products available for members on the exchange. OKB tokens are bought back and burnt in order to prevent token depreciation. Holders can save a substantial amount of funds typically spent on trading commissions thanks to these measures.
Additionally, the token can yield more generous rewards for holders. They can also subscribe to the savings scheme to get more coins. While holding a certain number of tokens for a fixed time period, you can choose to invest in high-end projects. Holders can also exercise their voting power.
OKB is based on a proof-of-stake protocol where holders stake their tokens in return for authoritative rights. The network supports decentralized financial projects by allowing to trade derivatives, margins, perpetual swaps, and coin-margined swaps. Due to the layered architecture, scalability and security are effectively enhanced. It also reduces the time needed for reaching a consensus.