OKB current price is €41.16 with a marketcap of €2.48 B. Its price is -0.99% down in the last 24 hours.
- OKB (OKB)
- Live Price €41.16
- Market Cap €2.48 B
- Volume €36.53 M
- Available Supply 60.00 M OKB
- Rank 27
Technical analysis, backgrounds and info on this crypto coin
Besides OKB (OBK) is a great cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the OKB (OBK) price. Of course you can trade and/or invest in OKB (OBK) as well. On this page you'll find basic statistics and characteristics of OKB (OBK). Furthermore you'll find info regarding the OKB (OBK) price, basic technical analysis and a brief explanation of the story of OKB (OBK)
Current OKB (OBK) price
Please see below the OKB price chart as provided by our home broker.
Of course, you can start investing or trading directly bij opening an account with Bitvavo. In case you don't know how to open an account with Bitvavo, please download our manual here.
Onchain Metrics OKB (OBK)
If you want to perform a technical analysis of OKB and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for OKB (OBK) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on OKB.
The OKB agenda
In order to provide you with an accurate overview of coming OKB agenda items and events, you'll find our OKB agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is OKB?
OKEx, the 2nd most popular cryptocurrency exchange by trading volume, launched its platform token ‘OKB‘ today with 10 trading pairs. On its official support page, OKEx describes OKB is a global utility token issued by the OK Blockchain Foundation. 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. According to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month.
Who created OKB?
In March 2018, some major cryptocurrency exchanges were said to be charging up to one million dollars to have their tokens listed. In a response to Insider, a PR manager for OKEx denied this saying there is no listing fees for any tokens.
On July 30, 2018 a trader reportedly bought bitcoin futures with a $416 million notional value on margin, before being forced by the exchange to liquidate his position at a large loss. The exchange injected 2,500 Bitcoins - worth about $18 million at current prices - into an insurance fund to help minimize the impact on clients. However, to cover for the outstanding amount, traders who had made an unrealized profit during the previous week still had to pay a clawback rate of 17 percent, so-called "socialized clawback".
On October 16, 2020 OKEx temporarily suspended withdrawals following its founders alleged arrest. On November 19, 2020 OKEx announced that withdrawals would reopen and will resume on or before November 27.
What is the purpose of OKB (OBK)?
OKB uses efficient pools rather than serving as market maker, also in contrast to centralized exchanges, with an aim to create more efficient markets. Users provide liquidity to the exchange by adding a pair of tokens to a smart contract which can be bought and sold by other users. In return, liquidity providers are given a percentage of the trading fees earned for that trading pair. For each trade a certain number of tokens are removed from the pool for an amount of the other token, thereby changing the price.
OKB (OBK) nowadays
The company denied ICO (initial coin offering) and public fundraising. Reportedly the company had stated that it would be soon shifting the token to its official OK chain and subsequently it will be applied not only on OKEx’s platform but also on other related projects. There will be in total 1 billion tokens supplied globally out of which 600 million coins will be distributed to OKEx customers for community building and marketing campaigns. Rest will be locked up for a period of 1 year to 3 years.
The future of OKB (OBK)
According to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month. The company denied ICO (initial coin offering) and public fundraising. Reportedly the company had stated that it would be soon shifting the token to its official OK chain and subsequently it will be applied not only on OKEx’s platform but also on other related projects. There will be in total 1 billion tokens supplied globally out of which 600 million coins will be distributed to OKEx customers for community building and marketing campaigns. Rest will be locked up for a period of 1 year to 3 years.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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