Buy OKB
What is OKB?
OKB is the native utility token of the OKX exchange. It is designed to provide various benefits to users within the OKX ecosystem, including discounts on trading fees, access to exclusive token listings, and staking rewards. OKB operates as an ERC-20 token on the Ethereum blockchain.
How does OKB work?
OKB operates on the Ethereum blockchain as an ERC-20 token. This allows it to leverage blockchain technology for secure, transparent transactions through smart contracts. OKB provides token holders with up to 40% discounts on trading fees, staking rewards, and exclusive access to high-quality crypto projects through the OKX Jumpstart platform. Its supply is periodically reduced through a token burning mechanism to enhance its value.
What are the potential use cases for OKB?
OKB has several use cases within the cryptocurrency sector:
- Trading: Offers up to 40% discount on trading fees and access to exclusive listings on the OKX exchange.
- Staking: Users can earn staking rewards through OKX Earn.
- Access: Provides access to early-stage crypto projects via OKX Jumpstart.
- External Services: Can be used for security services, financial services, and as a medium of payment on various platforms.
- Industry Applications: Widely applicable in the cryptocurrency and FinTech industries for trading and blockchain applications.
What is the history of OKB?
OKB was launched on March 22, 2018, as part of the OKX exchange's global ecosystem. OKX itself was launched in 2017 as a branch of the Chinese platform OKCoin. Since its inception, OKB has reached significant milestones, including a high trading volume and ecosystem expansion. It includes deflationary mechanisms like token burning to reduce supply and has seen enhancements such as the integration with OKChain for improved scalability and security.
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Frequently Asked Questions (FAQs)
What is the current price of OKB (OKB)?
The OKB price is $73.53 AUD, representing a -1.8% from the day prior.
Where is the best place to buy OKB (OKB) in Australia?
The best place to buy OKB (OKB) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell OKB (OKB) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of OKB (OKB)?
The trading volume of OKB (OKB) is $14.8M AUD in the last 24hrs, representing a -1.8% from the day prior.
How can I buy OKB (OKB)?
OKB (OKB) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of OKB (OKB)?
The current market cap of OKB (OKB) is $4.4B AUD.
Can I convert OKB (OKB) to cash?
Yes - With Coinstash you can convert your OKB (OKB) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many OKB (OKB) are there?
The current circulating supply of OKB (OKB) is 60.0M.
Is Coinstash a safe place to buy OKB (OKB) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling OKB (OKB) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.