OKB coin is a cryptocurrency of the innovative crypto exchange OKEx. Today, almost every crypto exchange has its own crypto so, OKEx has an OKB coin that you can use for transactions in business. Simply, it is an ERC-20 based native token of the OKEx exchange. OKB has been realized by the OK Blockchain Foundation and well organized and popular Maltese crypto exchange, OKEx. OKEx comes in the list of the world's top exchanges, and currently, it is ranked 3rd based on popularity and 4th rank based on a wide range of trading pairs globally.

OKB is an Ethereum based cryptocurrency, and it was released in May-2019. OKEx is the same as other exchanges, but it offers several other features, and cloud mining is one of them. OKEx is a Hong Kong-based and Malta-operated crypto asset.&nbsp;

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<h3>Who Are the Founders of OKB?</h3>

Jay Hao joined OKEx as CEO all along. He stands firm on the situation. Hao has devoted his vocation to innovation and designing. He has followed the blockchain business for a long while, emphasizing blockchain-based applications for real video time and versatile gaming. Before joining OKEx, Hao had twenty years of involvement with the semiconductor business. He has fostered a broad scope of codecs: UV LED, ASIC, FPGA, and sight and sound codecs and SOCs for interactive media processors. During this time, Hao gathered excellent involvement with item improvement and the board.&nbsp;

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Another essential supervisory crew member is Mingxing &quot;Star&quot; Xu. He established OKCoin in China in 2013 and has acquired a significant standing in the business. In 2017, Xu helped establish the different OKEx trade in Malta, which works under a legitimate foreign substance. Today Xu is the CEO of the OK Group.

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What Makes OKB (OKB) Unique?

The OKB token assumes a significant part in the OKEx environment. It permits clients to get up to a 40% markdown on exchanges (contingent upon the number of tickets a client has).&nbsp;

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The trade isolates clients into two status gatherings: ordinary and VIP. Standard clients are allocated a level as indicated by their OKB stock, and VIP clients get a group as per their exchange volume. The commissions are refreshed day by day, and clients get a markdown relying upon their particular level.&nbsp;

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Stage individuals can get easy revenue on the off chance that they have OKB tokens, and the token is associated with OKEx Earn (this undertaking assists clients with acquiring their resources). Another motivation behind the OKB token is to allot assets on the OKEx Jumpstart stage. Investment in Jumpstart is accessible solely after enlistment on the site &mdash; then, at that point, deals are made through mistrust.&nbsp;

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OKB is the local resource of the OKExChain (the OKEx blockchain). The OKB token is utilized on the chain to work with spot exchanging, subordinates exchanging, and the synchronous improvement of a few adaptable applications. Also, layered engineering lessens agreement times, further develops adaptability, and lifts security.&nbsp;

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To increase the value of OKB and make the computerized coin more alluring to holders, OKEx constantly consumes tokens like clockwork and records the coin consumption on the authority site. For this technique, OKEX utilizes 30% of the pay from commissions charges. What&#39;s more, welcome rewards are given to new clients. 
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Why Do We Need OKB? What are the benefits of OKB?

There are many unique features that OKB provides. The main thing that is very special about OKB is used to make money. The benefits include:

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Discount on trading fees: If you are holding an OKB token, you will get a 25% trading fees discount. So, you can get more healthy discounts on OKB holdings.&nbsp;

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OKB investment: You can trade and hold OKB tokens and earn healthy returns. The price of OKB is fluctuating daily, so you can trade and earn a good return daily.

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OKB&#39;s saving return policy: Use OKBx exchange to buy OKB and earn more OKB tokens by just subscribing to the OKB savings scheme.

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Earn money with OKEx jumpstart: You can use the OKEx jumpstart feature by holding 100 OKB tokens. In this feature, you have a chance to start investing in high-quality crypto projects. The allotment rates depend on the holdings of OKB tokens you have.&nbsp;&nbsp;

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How do OKB coins work?

As we discussed, OKB is a native token of OKEx crypto-like other exchange tokens. There is initially a 300,000,000 to 1 billion token supply in the market. As per the OKEx report, 700,000,000 KB token was burned, which was not exported again. The overall performance of the OKE is not stable. It goes up and down rapidly.&nbsp;

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OKB has developed more than 52 internal and external includes, including market data, wallet, lending, and asset management, travel, lifestyle, entertainment application that allow holders to buy or sell products or services.&nbsp;

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How important is the OKB coin?

OKB coins play an important role in the OKB ecosystem. It&#39;s very beneficial for OKB users because they can get a 40% discount on transactions. Exchange divides users into two main categories, VIP and regular. Regular users operate according to their OKB quantity, and VIPs are operated according to their trading volume. The rate of commissions is updated daily, and users can get more discount offers on their level of involvement.&nbsp;

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What is the circulating supply of OKB?

The current rank of OKB is #77 globally with a $6.4 billion market cap. Its fully diluted market cap is 6.79 billion. The circulating supply of OKB is 267.44(267,436,117.72) million out of the total supply of 300(300,000,000.00) million supply. The 24h trading volume is $ 462.42($ 462,418,972) million.

How to buy OKB?

OKB is a very well-known cryptocurrency globally, and as we discussed, it is a native token of the OKEx exchange. OKB is famous but not available on every exchange. You can buy it from the given top exchanges below, but for that, you have to complete the account opening procedure in just three simple steps.

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<ul>
	<li>Signup to exchanges</li>
	<li>Verify your identity and despite funds</li>
	<li>Start buying and trading Ripple</li>
</ul>

Once your selected exchange verifies your identity, you can start buying and trading OKB. We are listing down some top exchanges where you can buy OKB.

<ul>
	<li>OKEx</li>
	<li>Gate.io</li>
	<li>Hotbit</li>
	<li>HitBTC</li>
</ul>

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Many exchanges do not allow users to deposit fiat currencies like INR, EURS, USD, and many more. In this case, you can buy other stable cryptocurrency pairs such as USDT/OKB, USDC/OKB, BTC/OKB, ETH/OKB equivalent of your fiat currency, and then you can convert it to OKB.

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