About

OKB is the native exchange token of OKX that provides discounts on trading fees, access to the OK Jumpstart initial exchange offering (IEO) platform, and voting rights for tokens to be listed on the exchange. OKB holders benefit from fee reductions that can reach up to 40%, depending on the amount of OKB held, and they can participate in exclusive token sales and staking programs within the OKX ecosystem.

Additionally, OKB is the native gas token of X Layer, OKX's Ethereum Layer 2 blockchain, where it is used to pay transaction fees and participate in governance. The integration of OKB as the sole gas token in X Layer strengthens its utility and ties it to OKX's broader decentralized finance and blockchain initiatives.

History

OKEx is a Malta-based crypto exchange that launched in 2017 and released their native OKB token in March 2018.