OKB (OKB) price to USD & live value of today

OKB (OKB) is a global utility token issued by the OK Blockchain Foundation, set to connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx ecosystem that helps to advance the development of blockchain technology and the digital asset industry. Within the OKEx Exchange, OKB is used as a utility token that allows users to receive discounts when paying for their trading fees.

The goal of OKB

OKB is a global utility token issued by OKEx and is the native coin of the OKChain blockchain. OKB is used to pay transaction fees, and also used in the decentralized apps (Dapps) developed on OKChain. OKB is now used also in several other use cases, both within and outside the OKEx ecosystem.

Who started OKB

In 2014, OKEx was created in China, by CRO Tim Byun, COO Andy Cheung, and Director Lennix Lai. Later, the OKEx operations team was secretly developing a blockchain of their own; in 2019 they launched OKChain blockchain mainnet. OKB has since moved from ERC-20 to OKChain and has grown to be accepted and used in various use cases.