OKB (OKB)
- Official Website: okx.com
- Definition: OKB is the utility token of the OKX exchange, used for trading fee discounts and platform benefits.
- Category: Token, Exchange Token.
- What It Is: A token that provides utility within the OKX ecosystem.
- Function: Reduces trading fees, enables staking, and provides governance rights.
- Analogy: Think of OKB as a loyalty card for OKX. It gives you discounts and perks for using the platform.
- Pros: Utility in OKX ecosystem, strong backing by OKX.
- Cons: Centralization concerns, reliance on OKX’s success.
- Controversies: Regulatory scrutiny of OKX, competition from other exchange tokens.
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This page was last updated on January 28, 2025.
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