What is OKB?
Nov 25, 2024
OKB is a bridge between OKX and every user.
Since the concept of blockchain Token was born, it has two "faces" of angel and devil. During the growth of OKB, we have been thinking about it. Is the blockchain Token really just a new hype concept?
After two years of practice and exploration, the OKX team has its own understanding of the blockchain Token. We believe that OKB of OKX platform is not only one of the underlying infrastructures of the platform, but also a bridge connecting OKX platform and every user. Relying on OKX, OKB has created many privileges with extremely low threshold and rich feedback for all users on the platform.
We hope that through our own efforts, every user who has held OKB for a long time can grow together with the platform, face difficulties and challenges together, and finally share the long-term development of the OKX platform.
Kindness is more valuable than cleverness, and OKB does not play word games of repurchase and destruction.
For two years, we have always believed that kindness is more valuable than intelligence. Because OKX wants to be a great platform and OKB wants to be the most respected blockchain Token. Therefore, in OKX, values are always greater than utility, and we have been treating every user with the most sincere attitude.
In order to better connect every user through OKB and consolidate the "bridge foundation" of OKB, we chose to destroy 700 million pieces of OKB that have not yet been issued. In the future, all quarterly destruction of OKB will come from the repurchase in the secondary market, and the team has no reservations, including the OKB distributed by OKB to our employees is also from the platform. We promise never to play word games of repurchase destruction.
Sincerity is the shortcut to everything. Although it is extremely difficult to make this decision, we believe that a great platform is bound to realize a great dream. Only when OKB achieves absolute deflation can users of OKB really grow together with the platform and share the dividend of platform development, which is also our initial intention.
Why not hold a large amount of OKB discount fee?
At present, OKB only has a commission discount plan. Users only need to hold 500 OKB to enjoy the discount, and our rules only require users to hold up to 2000 OKB to enjoy the maximum discount. At the same time, based on the transaction volume ladder, we give the most advanced preferential strength in the industry.
We will never force large customers and quantitative users to buy 100,000 or more OKB to get preferential handling fees. The handling fee discount of OKX is always only related to the transaction volume and contribution to the platform. We hope that users who don't trade OKB can focus on their own trading strategy, without considering buying OKB and bearing the risk of its price rise and fall.
Every effort and change of OKX is centered on the needs of users, and it has been actively changing the pattern of the industry, so as to meet the needs of users at a higher level to the greatest extent.
Users are never advised to speculate on OKB.
All mature traders will understand that the trading behavior of any tradable asset is risky, so we will never encourage users to speculate on OKB.
Our principle is that if you are not optimistic about the future of the OKX platform, then he should not participate in the OKB transaction; If you are optimistic about the future of the OKX platform and are willing to grow together with OKX, then you can hold a little OKB for a long time. We sincerely hope that all OKB supporters can examine every transaction with a rational attitude.
In the wave of blockchain development, each of our participants is the product of this era, and no company or individual can stand at the forefront of the times forever. OKX never wants to be "killed" and refuses to be "killed". As a platform, we will recommend high-quality tradable assets to all users in the most objective and fair principle, and we will never fool users into buying OKB.
The future development direction of OKB
We are OKX's biggest competitor. In the past two years of rapid growth, we have stepped on many pits and gained countless experiences, and we are fortunate to create value for all users. In the future, we promise to continuously optimize the product and service experience, introduce more and more products and innovations, strive to release a major product every two months, and come up with the best service in the industry to repay everyone.
We will also continue to promote ecological construction around OKB, not only to let OKB benefit users in more and more forms on the OKX platform, but also to let OKB land in more and more external application scenarios, so that OKB has more value support. I believe that with everyone's joint efforts and support, OKB will definitely create greater value in the next new development process. I also hope that everyone can deeply participate in the construction of OKB and supervise our work at all times.
Although the low-key and pragmatic OKX has few exciting horns, the core concept of creating sustainable value for users has been rooted; The vision of OKB's development will be carried by new goals, and the spirit of struggle will continue forever in replacement. I hope that everyone who supports us can become a witness to the great changes in the blockchain era and share the dividends of the future development of the OKX platform.
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