What is OKB?

OKB is a utility token launched by OKEx, a prominent cryptocurrency exchange, with a total supply capped at one billion tokens (1,000,000,000). The distribution model allocates 60% of the supply, or 600 million tokens, to customers for community building and marketing purposes. OKB was initially issued on the ERC20 protocol, and there are plans to transition it to the official OK chain.

The company does not engage in initial coin offerings or public fundraising. The remaining tokens are set to be locked for a duration ranging from one to three years. OKB is intended for use on the OKEx platform as well as related projects, broadening its application within the ecosystem developed by the OK Blockchain Foundation.