OKB Information

OKB is the native cryptocurrency of the OKEx exchange, designed to create a comprehensive ecosystem for OKEx users by offering various trading services and incentives. It plays a pivotal role in enhancing user engagement through exclusive access to features like fee discounts and token sale participation. Additionally, OKB fosters a decentralized economy by enabling users to partake in governance and decision-making processes within the platform.

OKB

$58.58

Title : OKB
Symbol : okb
Current Price $ : 58.58 $
High 24h : 60.08 $
Low 24h : 57.55 $
Price Change 24h : 0.487533 $
Price Change % 24h : 0.83917 %
Market Cap : 3516195679
Website : https://www.okx.com/okb
Community : https://t.me/OKXAnnouncements
Total Volume : 26783444
Market Cap Change 24h : 36760481
Market Cap Change % 24h : 1.05651 %
Circulating Supply : 60000000
Total Supply : 235957685.3
Max Supply : 300000000
Last Updated : 2025-01-21 23:53
All Time High (ATH) : 73.8
ATH Change % : -20.60009 %
ATH Date : 2024-03-14 00:30
All Time Low (ATL) : 0.580608
ATL Change % : 9992.83202 %
ATL Date : 2019-01-14 00:00

more information

Understanding OKB: A Comprehensive Guide to the Utility Token

OKB is a utility token that plays a pivotal role in the OKX ecosystem. As the native token of one of the leading cryptocurrency exchanges globally, OKB is used for a variety of purposes, including discount fees on trading, participating in token sales, and more. With a strong backing from its parent exchange, OKB has managed to carve out a significant niche in the crypto market.

The Journey So Far: OKB's Historical Performance

OKB has had an eventful journey since its inception. Launching in early 2019, the token saw its all-time low at $0.580608 in January of that year. From these humble beginnings, OKB has risen to make remarkable gains, recording an all-time high (ATH) of $73.80 in March 2024. While currently trading at around $39.67, OKB has experienced a significant price correction, standing approximately 46.21% below its ATH. Nonetheless, the token's long-term growth has been impressive, marking a staggering 6737.71% increase from its ATL.

Advantages of Holding OKB

There are several benefits to holding OKB within the OKX ecosystem. Firstly, OKB holders enjoy discounted trading fees on the OKX exchange, which can significantly reduce costs for active traders. Additionally, OKB provides access to exclusive token sales and promotional events. The token also plays a role in governance, allowing holders to influence key decisions regarding the future development of the OKX platform. These utilities collectively enhance the intrinsic value of OKB.

Challenges and Drawbacks

Despite its advantages, OKB is not without its drawbacks. As with many cryptocurrency tokens, the price of OKB is subject to market volatility, which can result in substantial fluctuations in value. Furthermore, being closely tied to the OKX exchange means that any negative news or regulatory issues surrounding the platform could directly impact the token's performance. Additionally, the concentration of utility within the OKX ecosystem might limit its appeal to those not actively using the exchange.

Looking Ahead: Future Prospects for OKB

The future for OKB looks promising, given its strong foundations and the consistent growth of the OKX exchange. The limited maximum supply of 300 million tokens provides a level of scarcity that could drive value as demand increases. Technological advancements and expansion into new markets by OKX could further enhance the token's utility and attractiveness. However, investors should remain vigilant to potential regulatory challenges and market dynamics that could influence its trajectory.

Conclusion

OKB stands as a formidable player in the world of cryptocurrency tokens, offering practical utility within the burgeoning OKX ecosystem. While it faces typical market risks and the inherent uncertainties of the crypto space, its historical performance and strategic advantages position it well for future opportunities. For those aligned with the OKX platform's vision, OKB remains a token worth watching.

General Information
from price $59
Title OKB
Symbol okb
Whitepaper -
Website https://www.okx.com/okb
Community https://t.me/OKXAnnouncements
Last Updated 2025-01-21 23:53

Price Data
Current Price $ 58.58 $
High 24h 60.08 $
Low 24h 57.55 $
Price Change 24h 0.487533 $
Price Change % 24h 0.83917 %

Market Data
Market Cap 3516195679
Total Volume 26783444
Market Cap Change 24h 36760481
Market Cap Change % 24h 1.05651 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 60000000
Total Supply 235957685.3
Max Supply 300000000

Historical Data
All Time High (ATH) 73.8
ATH Change % -20.60009 %
ATH Date 2024-03-14 00:30
All Time Low (ATL) 0.580608
ATL Change % 9992.83202 %
ATL Date 2019-01-14 00:00