1 package = 100 points, which costs 100 USDT.

Digital asset exchange OKEx has launched a Token Trading Loyalty Program with 250 million OKB spil incentives. The packages for Phase one, with an estimated supply of 1 million, were fully subscribed within two minutes. The program wasgoed then oversubscribed by more than 100% 26 minutes zometeen and ended due to exceeding the total subscription limit. A number of customers have voiced a desire to subscribe to the program te the following phases.

OKEx Token Trading Loyalty Program is a pre-paid point system for lodging token trading fees. 1 package = 100 points, which costs 100 USDT. For example, if 1 package is purchased, it will cost 100 USDT and will award 100 loyalty points and a certain amount of OKB for free (100 OKB for very first phase, 83 OKB for 2nd, 66 OKB for third).

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Phase two of the Loyalty Program will be open for subscriptions on the 21st of March, , while phase three will be open on the 23rd of March, . Each phase lasts for Two days, but will end early if the subscription limit is reached. A drawing system is employed for the allotment, so subscriptions are not ensured to be successful. Allotment result are announced after a phase finishes, with any unsuccessful subscriptions will be refunded.

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OKB is a integral utility token issued by OK Blockchain. There is no ICO or private fund raising. The available supply of OKB is 1 billion tokens, 60% of which will be given out to customers for community building and through marketing promotions. 10% will be allocated to the operations of the foundation, 10% for initial investors and 20% for the development team. The company hopes to build a sharing community on the blockchain infrastructure, permitting every user to participate and contribute to the development of the podium.

OKB is a utility token to be used on OKEx for a broad range of services including lodging trading fees, lodging fees accrued rente, participating te token-listing polls, customer support and sensational VIP benefits such spil co-location servers and enhanced API rate boundaries.

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