OKB (OKB) Price

OKB is the utility token of OKX, providing trading discounts, governance rights, and staking rewards. It also functions as the native gas token for X Layer, OKX’s zkEVM Layer-2 network. OKB plays a central role in the exchange’s ecosystem strategy. Created by Mingxing "Star" Xu, the founder of OKX and CEO of OKCoin.com, OKB is part of a Buy-Back & Burn program initiated in 2019 to maintain its value, reducing the original total supply of 300 million tokens.

OKB is a utility token issued by the OKX exchange, designed to serve multiple functions across the OKX ecosystem. It provides holders with benefits such as fee discounts, staking incentives, governance participation, and functions as the native gas token for OKX’s Layer-2 network, X Layer, which offers Ethereum compatibility and low-fee transaction capabilities.