OKB

OKB (OKB) was launched by the OKX team, formerly known as OKEx, a subsidiary of the OK Group, which was founded by Star Xu.

OKB launched on March 23, 2018.

OKB is the native gas token of X Layer, OKX's Ethereum layer-2 network, while gas fees, staking rewards and on-chain governance on the OKTC blockchain use OKTC's own token, OKT. The OKTC chain is developed with the Cosmos SDK. OKTC has high-speed, low-cost transactions and supports EVM-based smart contracts.

OKB offers use cases within the OKX ecosystem and outside:

• Discounts: Users holding OKB receive tiered discounts on trading fees within the OKX centralized exchange, improving capital efficiency.
• Gas Fees: OKB is the native gas token of X Layer, OKX's Ethereum layer-2 network, and pays for every transaction there (validator staking on OKTC uses OKT, not OKB).
• Governance: Token holders can participate in governance proposals on the OKTC blockchain, influencing key parameters and protocol development.
• Access: Holding OKB provides priority access to new token launches and early-stage projects via OKX’s Jumpstart platform.
• DeFi: As the native coin of X Layer, OKX's Ethereum layer-2 network, OKB is used in decentralized applications for liquidity provision, farming, and collateralization.
• Utility: Thanks to OKTC’s interoperability with other ecosystems, OKB can be bridged to other chains and used in cross-chain DeFi protocols.