OKB price

OKB is the native utility token of the OKX cryptocurrency exchange. OKB is designed to be a deflationary token that is used to pay transaction fees on OKX, access DeFi services, participate in token sales, and more. Additionally, OKB holders can enjoy discounts on transaction fees depending on the amount of OKB owned.

OKX's Buy-Back and Burn program is a unique feature that makes OKB a deflationary token. Launched on May 4, 2019, OKX buys back OKB tokens every 3 months, taking into consideration market conditions and the platform's performance. The program is designed to reduce the total supply of OKB, thus increasing the value of each remaining token. As of September 11, 2023, OKX has bought and burned 70,182,835.48 OKB tokens.

OKB's unique features, such as its deflationary Buy-Back and Burn token model, set it apart from other cryptocurrencies in the market. Its partnerships with distinguished brands like McLaren F1 and Manchester City also add to its credibility and make it an attractive option. Additionally, as the native token of OKX, OKB provides users exclusive access to new crypto projects alongside discounts when trading on the platform.

OKX has implemented various security measures to ensure the safety of user funds. The exchange uses a multi-signature cold wallet system to store the majority of user funds, ensuring that they are kept offline and out of reach from potential hackers. In addition, OKX conducts regular security audits and employs advanced security protocols to protect against potential security breaches.

Users can also enable two-factor authentication (2FA) for added security when logging into their accounts. OKX takes user security very seriously and has a dedicated team that works around the clock to ensure the platform remains secure and reliable.

OKX's Proof of Reserves (PoR) is a monthly report that provides full transparency to users regarding the platform's reserves. It allows users to verify that their assets are fully backed by real assets at a 1:1 ratio. This practice sets a standard for the entire crypto industry, ensuring that exchanges prioritize the safety and accountability of their users' assets.

If you're interested in learning more about OKB, the exchange provides a comprehensive educational resource called OKX Learn. OKX Learn offers a variety of resources, such as articles, videos, and tutorials, covering topics ranging from blockchain basics to advanced trading strategies. OKX Learn also provides insights on the latest market trends and updates in the crypto industry. Whether you're a beginner or an experienced trader, OKX Learn is a valuable resource for expanding your knowledge about the OKB token and the OKX exchange.

Easily buy OKB tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include OKB/USDT, OKB/USDC, OKB/ETH, and OKB/BTC.

You can also buy OKB with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for OKB with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into OKB, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.