OKB Price

OKB is the native utility token of the OKX cryptocurrency exchange. It serves multiple functions within the OKX ecosystem: 1. Trading fee discounts: Holders can enjoy reduced trading fees on the OKX platform. 2. Voting rights: OKB holders can participate in governance decisions like new token listings. 3. Access to exclusive features: Certain platform features and services are only available to OKB holders. 4. Ecosystem utility: OKB can be used across various OKX-affiliated projects and services. 5. Deflationary mechanism: Regular token burns reduce the circulating supply over time. As of 2025-08-29, OKB has a market cap of $3.51B and is ranked #41 among all cryptocurrencies. The current price is $167.23, with a 24-hour trading volume of $29.53M. The circulating supply is 21M OKB OKB out of a total supply of 21M OKB OKB. OKB was launched in 2019 and has since become an integral part of the OKX ecosystem, offering holders various benefits and use cases within the platform and its affiliated projects.

OKB was created in April 2019. It was launched as the native token of the OKX cryptocurrency exchange platform. Since its inception, OKB has become an integral part of the OKX ecosystem, offering various benefits to holders such as trading fee discounts and access to exclusive features on the platform. As of 2025-08-29, OKB has a market cap of $3.51B and is ranked 41 among all cryptocurrencies. The current price of OKB is $167.23, with a 24-hour trading volume of $29.53M. There are 21M OKB OKB tokens in circulation, out of a total supply of 21M OKB.

OKB was founded by Star Xu, who established the OKCoin exchange in 2013. The OKB token was later launched in 2019 as the native utility token of the OKX cryptocurrency exchange (formerly known as OKEx). While Star Xu is considered the primary founder behind OKB, the token itself was developed and issued by the OK Blockchain Foundation, which oversees its ecosystem development and governance. The exact individuals involved in creating the OKB token are not publicly disclosed, as is common with many cryptocurrency projects.

OKB works as a utility token within the OKX ecosystem. Here are the key aspects of how it functions: 1. Platform Currency: OKB serves as the native token of the OKX exchange, offering various benefits to holders. 2. Deflationary Model: It has a limited total supply of 21M OKB tokens, with regular buyback and burn mechanisms to reduce circulating supply over time. 3. Fee Discounts: Users holding OKB can enjoy trading fee discounts on the OKX platform. 4. Ecosystem Utility: OKB is used for various purposes within the OKX ecosystem, including voting rights, merchant benefits, and access to exclusive features. 5. Value Proposition: The token's value is tied to the growth and success of the OKX platform, as well as market supply and demand dynamics. 6. Burning Mechanism: 30% of OKX's transaction fees are used to buy back and burn OKB, further reducing supply. 7. Expanding Use Cases: OKX continually develops new applications for OKB to increase its utility and demand within the ecosystem. As of 2025-08-29, OKB is trading at $167.23 with a market cap of $3.51B and a 24-hour trading volume of $29.53M.

OKB is built on the Ethereum blockchain as an ERC-20 token. Its technical architecture includes: 1. Smart contract: The OKB token contract is deployed on Ethereum, managing token balances and transfers. 2. Burning mechanism: A portion of transaction fees is used to buy back and burn OKB tokens, reducing the total supply over time. 3. Cross-chain compatibility: OKB can be bridged to other blockchains like OKExChain for expanded utility. 4. Governance: OKB holders can participate in platform governance decisions. 5. Utility functions: The token contract includes functions for discounts, staking, and other platform-specific use cases. 6. Security measures: Audited smart contracts and multi-signature wallets are used to enhance security. 7. Scalability solutions: Integration with Layer 2 solutions to improve transaction speed and reduce costs. This architecture allows OKB to serve as both a utility token within its ecosystem and a tradable asset on various exchanges and platforms.

The future and roadmap of OKB look promising. As a key component of the OKX ecosystem, OKB is expected to continue expanding its utility and adoption. In the short term, OKX plans to further integrate OKB into its trading platform, offering more benefits for token holders such as increased trading fee discounts and exclusive access to new features. Looking ahead, OKB aims to play a central role in OKX's broader blockchain initiatives. This includes potential integration with OKX's planned public blockchain and DeFi ecosystem. By 2026, we may see OKB being used for governance and staking on OKX-affiliated networks. Price predictions suggest OKB could reach $188.19 by 2026, $254.32 by 2027, and potentially $317.02 by 2030 as adoption grows. However, these are speculative estimates. Key milestones on OKB's roadmap include: - Expanding utility across OKX's product suite - Integration with OKX's planned public blockchain - Increased deflationary measures through token burns - New partnerships to broaden OKB's use cases Overall, OKB's future seems tied to OKX's success as a major crypto exchange and its expansion into other blockchain verticals. Continued development and adoption could drive long-term value for OKB holders.