Introducing OKB: General Utility Token – OKEx Blog

Spil a world-leading digital asset exchange with financial services ranging from fiat-to-token, token-to-token, and derivatives trading, OKEx strives to build a community of users using blockchain technology, to permit sharing of information and user participation te verhoging development. To achieve that, wij are launching OKB – a token sharing system.

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OKB is a utility token issued by the OKB foundation. It will be launched on the ERC-20 protocol standard primarily, and subsequently shifted to our own public blockchain called OKChain ter the future. OKB will be accepted on OKEx and will be a cardinal lump of its architecture & development. Through the very complementary relationship, OKB will be applied not only on the OKEx toneel, but on other related projects spil well.

Wij tightly believe that blockchain technology will eliminate transaction barriers, increase operational efficiency across the financial system, and eventually lead towards a significant paradigm shift te the general economy. For those reasons, wij strive to continuously innovate and build the greatest transaction network which extends to every corner of the world.

By implementing the basic tenets of blockchain – sharing information te a semi-transparent manner through a decentralized database, wij are providing out 60% of OKB tokens for free to OKEx users. Wij hope to build a sharing community of users, permitting them to participate and contribute to the development of our verhoging.

The available supply of OKB will be one billion tokens (1,000,000,000), with a distribution spil goes after:

60% will be given out to customers for community building and through marketing promotions. Locked up for Three years

10% for operations of the foundation. Locked up for Two years

10% for initial investors. Locked up for Two years

20% for development team. Initial lockup for 1 year. Then 20 million OKB will be unlocked annually

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
  • lodging the deposit of verified merchant application
  • loving a dedicated customer support
  • sensational VIP benefits such spil co-location servers and enhanced API rate boundaries

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