OKB

OKB token operates on the Ethereum blockchain as an ERC-20 token. OKB holders are entitled to various perks on the OKX platform. These perks include trading fee discounts and additional passive income-generating opportunities. To further reward OKB holders, OKX burns part of the currency’s circulating supply. OKX uses 30 percent of the profits generated every three months to purchase OKB tokens. After repurchasing, OKX sends the tokens to a verified burn address, which removes the token from the circulating supply forever.