OKB

OKB price

OKB
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3.9/5
CyberScope
4.4
05/24/2024
TokenInsight
3.4
03/26/2023
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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USD
USD
$48.5100
-1.21%
1h
24h
1W
1M
1Y
All

OKB price live data

The current price of OKB is $48.5100. Since 00:00 UTC, OKB has decreased by -1.20%. It currently has a circulating supply of 207,812,617 OKB and a maximum supply of 300,000,000 OKB, giving it a fully diluted market cap of $10.09B. At present, OKB holds the 14 position in market cap rankings. The OKB/USD price is updated in real-time.

OKB price performance in USD

Time periodChange amount%Chg
Today-$0.59000 -1.21%
7 days-$1.5200 -3.04%
30 days-$4.2200 -8.01%
3 months-$1.7300 -3.45%

OKB market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$48.1800
Last price $48.5100
24h high$49.3300
Heat index ranking
24
Market cap ranking
14
Market cap
$10.09B
Favorited rate
Percentage of users who favorited this asset to all users
99.99%
All-time high
$73.8800
-34.34% (-$25.3700)
Mar 14, 2024 (2 months ago)
All-time low
$0.57100
+8,395.62% ($47.9390)
Jan 14, 2019 (5 years ago)
ICO date
03/23/2018
ICO price
The price at which this crypto was first traded
$1.0000
Circulating supply
The amount of this crypto that is publicly available in the market
207,812,617 OKB
Market cap at circulating supply
Market cap = Circulating supply × Last price
$14.57B

About OKB (OKB)

OKB is the native utility token of the OKX TR cryptocurrency exchange, previously known as OKEx. Founded in 2017, OKX TR introduced OKB to the market a year later, in March 2018.

OKX TR is one of the world's largest crypto trading platforms, allowing users to buy, hold, and trade popular crypto tokens, including Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and more. The crypto exchange is known for its robust security measures, clean asset reserves, diverse product offerings, and user-friendly interface. With a global presence in over 100 countries, OKX TR is committed to providing a safe, secure, and transparent platform for users to buy and trade cryptocurrencies and take full advantage of the opportunities presented by blockchain technology.

Beyond spot, margin, and derivatives trading, OKX TR also offers trading bots and copy trading for users to trade with confidence, an Earn program for users to grow their crypto holdings passively, an NFT marketplace, and an OKX TR Web3 Wallet that allows users to seamlessly access decentralized finance (DeFi) services and decentralized applications (dApps). Additionally, OKX TR boasts its own EVM and IBC-compatible Layer 1 blockchain network, OKX TR Chain (OKC), for next-gen dApps.

OKX TR has also established strategic partnerships with a number of globally recognized brands, including McLaren F1, Manchester City, and Tribeca Festival. Through these partnerships, OKX TR aims to raise awareness of the benefits of blockchain technology and increase the adoption of cryptocurrencies worldwide. These prestigious partnerships demonstrate OKX TR's commitment to expanding the use cases of blockchain and its dedication to supporting cultural and sporting initiatives.

OKB serves as the backbone of the OKX TR ecosystem, offering its users a wide range of benefits. These incentives include trading fee discounts, staking rewards from OKX TR Earn, exclusive access to early crypto projects in OKX TR Jumpstart, and voting rights.

How does OKB work

OKB operates as an ERC-20 token on the Ethereum blockchain. The versatile native token is a vital component of the OKX TR ecosystem. Holding OKB allows users to save up to 40 percent in trading fees, interact with the OKX TR crypto ecosystem, earn passive income, have priority access to new token listings, and more.

The OKX TR ecosystem consists of over 80 diverse applications worldwide, spanning payments, wallets, financial management, loans, security, tourism, lifestyle, entertainment, and social networking, amongst others.

Outside of OKX TR, users can also spend OKB on security, utility, and financial services in the cryptocurrency market and beyond. Examples include BitTorrent, Enjin, Mercuryo, Ledger, Cobo, and many more. OKX TR has provided an API for online and offline merchants to accept OKB as a form of payment and is continuously working on adding more partners.

What makes OKB unique

OKB is a deflationary cryptocurrency token thanks to its innovative Buy-Back and Burn program. As part of this program, OKX TR buys back OKB tokens every 3 months, taking into consideration market conditions and the platform's performance. These tokens are then sent to a burn address, which is a wallet with no private key attached, ensuring that the tokens are permanently removed from circulation.

Launched in 2019, the OKB Buy-Back and Burn program is a critical aspect of OKX TR, designed to promote the long-term value and stability of the OKB token. As of September 11, 2023, OKX TR has bought and burned 70,182,835.48 OKB tokens as part of the Buy-Back and Burn program. This ongoing commitment to the program demonstrates OKX TR's dedication to building a sustainable and successful platform that benefits all OKB holders in the long term.

OKB price and tokenomics

As with most crypto prices, the price of OKB is subject to fluctuations in the cryptocurrency market and is influenced by various factors, such as market trends, buyer sentiment, and global events.

The max supply of OKB tokens is set at 300 million, with a circulating supply of over 241 million tokens. The limited supply of OKB, coupled with its increasing demand and the Buy-Back and Burn program, has contributed to its appreciation in value over time.

OKB's price history shows that the token has experienced significant price changes in the past, with both bullish and bearish trends. Yet, it has remained a popular choice for crypto enthusiasts. As with any financial decision, it is essential to conduct thorough research and due diligence before purchasing OKB or any other cryptocurrency.

OKB FAQ

What is OKB?

OKB is the native utility token of the OKX TR cryptocurrency exchange. OKB is designed to be a deflationary token that is used to pay transaction fees on OKX TR, access DeFi services, participate in token sales, and more. Additionally, OKB holders can enjoy discounts on transaction fees depending on the amount of OKB owned.

What is the OKB Buy-Back and Burn program?

OKX TR's Buy-Back and Burn program is a unique feature that makes OKB a deflationary token. Launched on May 4, 2019, OKX TR buys back OKB tokens every 3 months, taking into consideration market conditions and the platform's performance. The program is designed to reduce the total supply of OKB, thus increasing the value of each remaining token. As of September 11, 2023, OKX TR has bought and burned 70,182,835.48 OKB tokens.

How does OKB compare to other cryptocurrencies, and why should I buy it?

OKB's unique features, such as its deflationary Buy-Back and Burn token model, set it apart from other cryptocurrencies in the market. Its partnerships with distinguished brands like McLaren F1 and Manchester City also add to its credibility and make it an attractive option. Additionally, as the native token of OKX TR, OKB provides users exclusive access to new crypto projects alongside discounts when trading on the platform.

How does OKX TR ensure the security of user funds?

OKX TR has implemented various security measures to ensure the safety of user funds. The exchange uses a multi-signature cold wallet system to store the majority of user funds, ensuring that they are kept offline and out of reach from potential hackers. In addition, OKX TR conducts regular security audits and employs advanced security protocols to protect against potential security breaches.

Users can also enable two-factor authentication (2FA) for added security when logging into their accounts. OKX TR takes user security very seriously and has a dedicated team that works around the clock to ensure the platform remains secure and reliable.

What is OKX TR's Proof of Reserves?

OKX TR's Proof of Reserves (PoR) is a monthly report that provides full transparency to users regarding the platform's reserves. It allows users to verify that their assets are fully backed by real assets at a 1:1 ratio. This practice sets a standard for the entire crypto industry, ensuring that exchanges prioritize the safety and accountability of their users' assets.

Where can I learn more about OKB?

If you're interested in learning more about OKB, the exchange provides a comprehensive educational resource called OKX TR Learn. OKX TR Learn offers a variety of resources, such as articles, videos, and tutorials, covering topics ranging from blockchain basics to advanced trading strategies. OKX TR Learn also provides insights on the latest market trends and updates in the crypto industry. Whether you're a beginner or an experienced trader, OKX TR Learn is a valuable resource for expanding your knowledge about the OKB token and the OKX TR exchange.

Where can I buy OKB?

Easily buy OKB tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include OKB/USDT, OKB/USDC, OKB/ETH, and OKB/BTC.

You can also buy OKB with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for OKB with zero fees and no price slippage by using OKX TR Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into OKB, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.