XLayer
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What is OKB? Analyzing the Role and Ecosystem Value of OKX Platform Token
OKB is the native platform token issued by OKX (formerly OKEx), a globally renowned cryptocurrency exchange, and also the sole Gas token for its high-performance Layer-1 blockchain, X Layer (formerly OKExChain). OKB was initially based on the EthereumERC-20 protocol and later migrated to X Layer. It adopts a deflationary economic model, reducing supply through buybacks and burns. OKB plays multiple roles within the OKX ecosystem, including deducting trading fees, participating in new token launches, staking incentives, upgrading VIP levels, and serving as a Web3 ecosystem pass. It is a crucial hub connecting OKX trading with the on-chain ecosystem.
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What is OKB? Analyzing the Role and Ecosystem Value of OKX Platform Token
OKB is the native platform token issued by OKX (formerly OKEx), a globally renowned cryptocurrency exchange, and also the sole Gas token for its high-performance Layer-1 blockchain, X Layer (formerly OKExChain). OKB was initially based on the EthereumERC-20 protocol and later migrated to X Layer. It adopts a deflationary economic model, reducing supply through buybacks and burns. OKB plays multiple roles within the OKX ecosystem, including deducting trading fees, participating in new token launches, staking incentives, upgrading VIP levels, and serving as a Web3 ecosystem pass. It is a crucial hub connecting OKX trading with the on-chain ecosystem.
XLayer
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