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!

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