OKB (OKB)

OKEx, the 2nd most popular cryptocurrency exchange by trading volume, launched its platform token ‘OKB‘ today with 10 trading pairs. On its official support page, OKEx describes OKB is a global utility token issued by the OK Blockchain Foundation. The total available supply of OKB will be one billion tokens (1,000,000,000), with a distribution model that allocates 60% of the supply will be given out to OKEx customers for community building and during marketing campaigns. According to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month. The company denied ICO (initial coin offering) and public fundraising. Reportedly the company had stated that it would be soon shifting the token to its official OK chain and subsequently it will be applied not only on OKEx’s platform but also on other related projects.

Description from CoinGecko.

Coin details

Name

OKB

Symbol

OKB

Market cap rank

#43

Category

Smart Contract Platform, Exchange-based Tokens, Centralized Exchange (CEX) Token

Runs on

Ethereum

Circulating supply

21,000,000 OKB

Max supply

21,000,000 OKB

Price in INR

₹9,077.33

Tax in India

30% on gains + 1% TDS on sale

Contract (Ethereum)

0x75231f…42a86c

Contract (Okex Chain)

0xdf54b6…75cfc2

Contract (Sora)

0x0080ed…86abe9

Website

okx.com

Explorer

ethplorer.io/address/0x75231f58b43240c9718dd58b4967c5114342a86c

X (Twitter)

x.com/okx

Reddit

reddit.com/r/OKX