OKB (OKB): price updates, latest developments, communities, future events
- United Nations, Utility token OKEx, There has been an impressive rebound in the past week, eventually rising by more than 58%.
- The reason for this increase in value may be the large inflow of capital and the handling of OKB by the cryptocurrency exchange OKCoin.
- OKB has many public utilities that are beloved by the community, which have contributed to the steady growth of assets.
- OKB trades on 17.73 USD The market value is $1.06 billion.
OKEx’s utility token provides users with access to special functions provided by cryptocurrency exchanges. The utility includes payment of transaction fees, governance, and incentives for holders.
The assets provided by Japanese cryptocurrency exchange OKCoin and Axie Infinity’s latest OKEx listing have brought considerable traffic to OKB.
OKB’s outstanding price performance in the general bullish sentiment of the cryptocurrency market is not a fluke. It is innovation and development and partnerships that have made it today.
Technically speaking, OKB facilitates spot trading, derivatives trading, and allows the development of scalable applications. The destruction of tokens every three months is another development that makes OKB valuable to holders.
The cryptocurrency exchange OKCoin Japan has listed OKB as its first listing in Japan. In addition, OKEx announced that Axie Infinity’s AXS will be listed on its exchange and will provide 30 Axies to 30 users who deposit AXS on OKEx.
Due to recent developments around OKB, the asset soared by more than 50% last week. OKB is currently valued at US$17.73 and its market value is slightly higher than US$1 billion. As the 72nd largest cryptocurrency, with a trading volume of US$691 million, the asset hit a record high of US$44.17 three months ago.
In terms of tokenomics, the circulating supply of the asset is 60,000,000 OKB, and the total supply is 300,000,000 OKB. However, 700 million OKB will be locked until 2022 and will be distributed to early investors, founding team, OK Blockchain Foundation and public rewards after the issuance.
on the other hand
- After hitting a high of more than 50% in a week, with OKB falling, this seems to be the beginning of a callback 5% Within 24 hours.
- This puts it at a transaction price of $17.73. Decline in 24-hour trading volume 6.78%.
Community and future events
OKB has a lively community, mainly because of the OKEx ecosystem. As a practical token for top cryptocurrency exchanges, there is bound to be a healthy community.
Community members use OKB to participate in the governance of the project because it allows them to vote on the platform. Community members holding tokens can earn passively if their tokens participate in OKEx Earn. Offering a welcome bonus is another incentive to promote community development.
Community members are looking forward to the token burning scheduled every three months. The unlocking of 700 million OKB in 2022 is a future event that the community pays attention to.
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