OKEx, the 2nd most popular cryptocurrency exchange by trading volume, launched its platform token ‘OKB‘ today with 10 trading pairs. In practice, on its official support page, OKEx describes OKB is a global utility token issued by the OK Blockchain Foundation.
In practice, the total available supply of OKB will be one billion tokens (1,000,000,000), with a distribution model that allocates 60% of the supply will be given out to OKEx customers for community building and during marketing campaigns. In practice, according to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month. Latest snapshot shows market cap near $1,751,022,743, 24h volume around $17,159,490, 24h change down 1.56%. DexBrief is currently monitoring a live market route on Ethereum via Uniswap. DexBrief is currently blending 3 public market feeds for this market snapshot.
Contract references point to Ethereum as the primary asset platform. Project references place OKB on the Ethereum network. Market data providers usually group OKB with Exchange-based Tokens, Centralized Exchange (CEX) Token, and Ethereum Ecosystem. Cross-chain contract listings currently include Ethereum, Okex Chain, Sora.