OKB is a global utility token introduced by the OKX blockchain. Calculate and pay transaction fees, allow users to vote and manage the site, and reward users for staking.
OKB token holders can enjoy benefits such as discounted service fees, voting rights, and the option to participate in OKX Jumpstart projects.
OKB token history
In 2013, Mingxing ‘Star’ Xu founded Okcoin, a Chinese cryptocurrency exchange. In 2017, he launched his OKEx, another exchange based in Malta. OKEx conducted an Initial Coin Offering (ICO) on July 24, 2017, and for the exchange he raised over $100 million. As a result, OKEx introduced his OKB, his ERC-20 token used to pay trading fees on the exchange.
OKEx set the total supply of OKB at 1 billion OKB at launch, with a circulating supply of 300 million OKB. Since May 2019, the exchange has been running a quarterly token buyback and burn program to reduce the circulating supply of tokens. According to the exchange, the initiative will increase the value of his OKB and encourage users to hold onto their tokens. OKEx bought back the token with 30% of the proceeds from spot trading fees. OKEx will be renamed OKX on January 18, 2022.
OKB is one of the few coins to show a consistent upward trend over the past year despite the despair of the cryptocurrency market.
OKB hits record high ATH for 2021 and breaks $44 barrier. It dropped to nearly $10 in June 2022, but has been rising since then.
It is currently trading at $29.97. OKB price is up 30.31% over the past 7 days, up 35.31% over the past 30 days, up 82.62% over the past 60 days and up 93.64% over the past 3 months. It is up 9.02% year-to-date (YTD).
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OKB Price Prediction
According to Coincodex’s technical analysis, investor sentiment for OKB is bullish. They forecast that OKB’s value could rise by 20.81% and reach $36.35 by February 2023.
According to their projections, the price of OKB could be between $29.88 and $89.72 by 2024, between $38.25 and $199.04 by 2025, and between $48.96 and $441.52 by 2026. I have.
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How much can I earn if my OKB reaches $100?
Let’s say you invested $100 in OKB today. At the current price, you can get around 3.33 OKB coins. If you hold and sell these when the OKB hits $100, you can earn $330.This means A $100 investment yields a return on investment (ROI) of 3.3x or 230%.
Let’s say you invested $1000 in OKB today. At today’s market price, that would be around 33.36 coins. If liquidated at a price of $100, A $1,000 investment is worth approximately $3,336.If OKB hits the $100 mark by 2026 (i.e. over the next three years), the annual ROI will be 35.26%.
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The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.