About
OKB is the utility token associated with the OKX ecosystem, originally created to enhance and unify the trading experience on one of the world’s largest cryptocurrency exchanges. Launched by the OK Blockchain Foundation, OKB was designed to integrate trading incentives, fee reductions, staking options, and participation in platform activities, forming a core part of OKX’s broader strategy of user engagement and ecosystem growth.
The token’s initial distribution was intended to incentivize early adopters through community programs and reward mechanisms, rather than via traditional fundraising, situating OKB as a reward-centric asset from inception. Over time, OKB’s role evolved to include governance functions, where holders can have a say in platform decisions, and access privileges for special token sales and ecosystem features.
One of the defining aspects of OKB’s economic design is its deflationary supply model. Through systematic buy-back and burn programs executed by OKX funded in part by a portion of trading fee revenues, the token’s supply has been dramatically reduced from its original larger number to a permanently fixed cap. This transition emphasizes scarcity and long-term value alignment, making OKB one of the few major exchange tokens with a hard supply limit.
In parallel with evolving exchange functionality, OKB is also slated to become the native gas token for OKX’s X Layer, a next-generation zkEVM-based blockchain. In that role, OKB will power transactions, support decentralized applications, and enable on-chain governance, extending its utility beyond exchange incentives into blockchain network functions.
