What is OKB?
OKB is a global utility token issued by OK Blockchain Foundation, a non-profit organization established in Singapore.
It is designed to be used as a medium of exchange and payment for services within the OKEx ecosystem. OKB is an ERC-20 token built on the Ethereum blockchain and is currently listed on several major exchanges. OKB has been designed to provide users with access to various services within the OKEx ecosystem, such as discounted trading fees, exclusive events, and other benefits.
The token can also be used to pay for goods and services from merchants that accept it as payment. In addition, OKB holders can participate in various activities such as voting on listing decisions and participating in community governance initiatives. The total supply of OKB is 1 billion tokens, with 70% of them distributed through various public sales events.
The remaining 30% are held by the foundation for future development purposes.
