OKB

OKB (OKB) is a utility token issued by the OK Blockchain Foundation and is the second largest CEX token by market capitalization, following Binance’s BNB. OKB plays a crucial role within the OKX exchange ecosystem, offering users numerous advantages, such as fee discounts, voting rights in governance decisions, access to exclusive trading events, and the opportunity to participate in token sales through the OKX Jumpstart platform.

Launched in 2017 on the Ethereum network following the ERC-20 standard, OKB later migrated to its native OKExChain. The token is now integrated into various products within the OKX ecosystem, including decentralized finance (DeFi) services and the OKX Earn platform, where users can stake their OKB tokens and earn rewards. OKB holders can also benefit from passive income through staking and mining programs similar to Binance's Launchpool.

In terms of recent updates, OKB expanded its utility in 2024 by introducing OKB Chain, a native Layer 2 solution aimed at enhancing the performance and scalability of decentralized applications (DApps) built on the OKX ecosystem. Additionally, OKB partnered with various DeFi protocols to integrate its token for liquidity provision and yield farming.

OKB also remains part of OKX’s aggressive international expansion strategy, gaining increased adoption in Asia, Europe, and Latin America. OKB's price performance has been notably strong, consistently ranking within the top cryptocurrencies by market cap.

Above are only for introduction, not intended as investment advice.