OKB | Trading Non Stop

What is OKB?

OKB is the main utility token of the OKX cryptocurrency exchange. It’s designed to give users benefits like discounts, rewards, and a say in how the platform is run.

Utility-focused token – Offers fee discounts, staking options, and special access to OKX services.
Limited supply – Total supply fixed at 21 million tokens after a major token burn, similar to Bitcoin’s approach to scarcity.
Multi-chain support – Built on OKX’s X Layer blockchain, allowing fast and low-cost transactions.

Deep Dive

1. Purpose & Value

OKB is central to the OKX platform, providing real benefits to users:

Fee discounts: Holding OKB can save users up to 40% on trading fees (OKX).
Access to features: Enables participation in token sales like OKX Jumpstart, voting on platform decisions, and use of advanced trading tools.
Accepted widely: Used by other services for payments, decentralized finance (DeFi), and wallet storage (examples include Bitpie and Coinomi).

2. Tokenomics & Governance

OKB’s design helps maintain its value over time:

Supply control: Initially capped at 300 million tokens, but after burning 65 million in August 2025, the supply is now fixed at 21 million (OKX).
Buyback program: OKX uses 30% of its spot trading fees to buy back and burn OKB tokens every quarter.
Governance rights: Token holders can vote on platform upgrades, new listings, and other important decisions.

3. Technology & Ecosystem

X Layer blockchain: OKB moved to OKX’s Ethereum-compatible Layer 2 network in 2025, which supports up to 5,000 transactions per second with almost no fees.
Cross-chain use: OKB works as the transaction fee token (gas) on X Layer and is still compatible with Ethereum’s ERC-20 standard for older applications.
Ecosystem integration: Seamlessly works with OKX Wallet, Exchange, and Pay, making DeFi, payments, and asset management easier.

Conclusion

OKB is a key part of the OKX ecosystem, combining limited supply, practical uses, and multi-chain capabilities. Its value depends on how much OKX and the X Layer blockchain grow. Could OKB expand beyond just exchange-related uses to become a bigger part of the Web3 infrastructure as X Layer develops?