Log in

Simply Explained

Simply Explained: OKB (OKB)

Updated: Jul 25, 2024
Published: Aug 25, 2022
0
Share:

OKEx Exchange is one of the top 5 most used crypto exchanges globally. OKEx focuses on options trading. Think of it like Binance, but instead of targeting the mass market, it’s chasing the specialised trader. It has one of the largest pools of trading pair options, which explains its popularity. Yep, you know what’s coming: Binance has BNB, KuCoin has KCS and drumroll, and OKEx has OKB!

Post Feature Image

OKB is the utility token that powers the OKEx network. It’s used to pay trading fees and facilitate governance. There is also a reward system for users.

What’s so cool about OKB?

The incentives offered to exchange users through OKEx are fruitful. Users get up to 40% off transactions, which is dependent on how many OKBs they hold.

Like KuCoin, there are two tiers of users, regular and VIP. This is also linked to the amount of OKB held.

OKB can also provide passive income for holders through the OKEx Earn plan. Users essentially earn a dividend/interest rate on OKB held in their wallets.

Once again, just like Binance, OKEx has its own native chain called OKExChain. It works in the same way as BNB and powers the chain by facilitating training and app development.

What are the Tokenomics of OKB?

OKEx burn

Our Top Picks:

DOGWIFHAT

DOGWIFHAT

120,650%

SPX6900

SPX6900

17,000%

POPCAT

POPCAT

66,567%

PENDLE

PENDLE

5,002%

SOLANA

SOLANA

2,500%

HYPE

HYPE

1,740%

Don’t miss our next 100X

Trusted by 230K+ investors

s OKB tokens every three months, making it deflationary. OKEx also uses 30% of the income from commission fees to do this. 

Then, 50% of the service fee income is distributed to token holders. 

Lastly, OKB operates as a governance token on a minor level, allowing holders to vote on policies, rates and so on. However, to date, there is not much information on the full extent of governance.

There is a fixed supply of 1 billion tokens.

  1.   500 million used for rewards and airdrops
  2.   400 million to founders
  3.   100 million to investors
Note many of these tokens are not in circulation due to the bedding period.

Roughly 700 million tokens are to be distributed throughout 2022 and 2023. The allocation for these are:

  1.   300 million for public
  2.   200 million to the founding team
  3.   100 million to early investors
  4.   100 million to a foundation that supported OKB
Disclaimer: THIS IS NOT FINANCIAL OR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make, and only you are accountable for the results.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025