Latest OKB updates on March 28th

OKX is an exciting cryptocurrency project that has been introducing some impressive updates recently. On March 28th, they launched their Infinity Grid bot, which utilizes grid trading to provide users with fast execution in volatile markets. The same day, they also announced the launch of their Hong Kong entity, and presented features of their OKX wallet. On March 27th, they revealed that three new coins were added to their Dual Investment service, as well as a new Earn, Leverage, and Loan of BETH products. They also announced the imminent launch of their OKBChain testnet, and their new staking service for the upcoming Ethereum update. Finally, on March 27th, they shared a picture of a Bitcoin-themed Banksy painting in Palma, Spain.

What is OKB ?

OKB is an innovative cryptocurrency and ecosystem created by the OKEx exchange. It is a utility token that provides users with access to a wide range of services and benefits within the OKEx ecosystem. It is designed to be used as a means of payment for fees, rewards, and other services on the platform.

OKB is a tokenized asset that has a fixed total supply of 300 million. As of June 2021, the circulating supply is 251,627,612.06 OKB. The token is based on the Ethereum blockchain and is ERC-20 compliant.

One of the most important features of OKB is the OKB Buyback & Burn program. This program was initiated in May 2019 and since then, 30% of the spot market transaction fees have been used to buy back and burn OKB. As of November 2022, a total of 48,372,387.94 OKB has been burned. This program is designed to keep the OKB token’s value high.

OKB holders are also eligible for discounts on transaction fees. The discounts range from 5% to 40%, depending on the amount of OKB held. Moreover, they can earn passive income with OKX Earn and can participate in Jumpstart token sales of high-quality crypto projects.

OKB can be used to pay for a variety of services and products. These include security services, financial services, utility services, and more. It can be stored in mobile wallets such as BitPie, Blocto, BuyUCoin, Cobo, and Coinomi. It can also be traded on the Russian crypto platform Baksman, the crypto platform Cointopay, and the automated trading platform Coinrule.

In summary, OKB is a versatile and useful token that provides users with access to a wide range of services and benefits within the OKEx ecosystem. It is designed to keep the token’s value high and provides users with discounts, passive income, and opportunities to participate in token sales.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.