OKB (OKB) Price

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 as 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 to be given out to OKEx customers for community building and during marketing campaigns. According to OKEx, the company had officially issued OKB on the ERC20 protocol earlier this month. The company denied ICO (initial coin offering) and public fundraising. Reportedly, the company had stated that it would soon shift the token to its official OK chain and subsequently apply it not only on OKEx’s platform but also on other related projects. There will be a total of 1 billion tokens supplied globally, out of which 600 million coins will be distributed to OKEx customers for community building and marketing campaigns. The rest will be locked up for a period of 1 to 3 years.