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OKB

OKB  

#OKB

OKB Price:
$16.13
Volume:
$24.4 M
All Time High:
$44.24
Market Cap:
$4.1 B


Circulating Supply:
251,627,612
Exchanges:
16
Total Supply:
300,000,000
Markets:
25
Max Supply:
300,000,000
Pairs:
22



  OKB PRICE


The price of #OKB today is $16.13 USD.

The lowest OKB price for this period was $0, the highest was $16.13, and the current live price for one OKB coin is $16.13473.

The all-time high OKB coin price was $44.24.

Use our custom price calculator to see the hypothetical price of OKB with market cap of BTC or other crypto coins.


  OKB OVERVIEW


The code for OKB is also #OKB.

OKB is 3.4 years old.


  OKB MARKET CAP


The current market capitalization for OKB is $4,059,943,583.

OKB is ranked #18 out of all coins, by market cap (and other factors).


  OKB VOLUME


The trading volume is large today for #OKB.

Today's 24-hour trading volume across all exchanges for OKB is $24,358,144.


  OKB SUPPLY


The circulating supply of OKB is 251,627,612 coins, which is 84% of the maximum coin supply.


  OKB BLOCKCHAIN


OKB is the native coin for the Okex Chain blockchain.

View the full list of Okex Chain blockchain tokens, and has digital contracts with 2 other blockchains.

See list of the OKB Blockchain contracts with 3 different blockchains.


  OKB EXCHANGES


OKB is integrated with many pairings with other cryptocurrencies and is listed on at least 16 crypto exchanges.

View #OKB trading pairs and crypto exchanges that currently support #OKB purchase.


  OKB RESOURCES


Websitewww.okx.com
Whitepaperokexchain-docs.readthedocs.io/en/latest
Twitterokx
Redditr/OKEx
TelegramOECofficial
Discord2rynEUqJxP
Mediumokex-blog
Instagramokx_official


  OKB DEVELOPER NEWS



Why DeFi

Ever since late 2019 and early 2020 DeFi has been the hot “buzz word” for cryptocurrency. What makes DeFi special? And why was it invented in the first place? — Bitcoin the first decentralized internet money. — Bitcoin is the first decentralized cryptocurrency and allows users to send value to each other in a peer to peer system. For peer to peer payment Bitcoin worked quite well but it has a limited smart contract system that can’t take care of loans, exchanging tokens, and other important services. To make up for Bitcoin’s limitations centralized services were put in place. Some have served their customers quite well (like OKEx) while others like Mount Gox caused customers to lose a lot of Bitcoin. — Ethereum and smart contracts. — In 2013 Vitalik Buterin launched the Ethereum white paper and two years later launched the network. Ethereum is made for flexibility and running the sorts of smart contracts that Bitcoin can’t do. Over the course of several years Ethereum developed its code and eco system and gradually what we call DeFi emerged. — DeFi products and services. — Once complicated smart contracts could be ran on blockchains it opened up a wide world of possibilities. This includes: Decentralized exchanges that allow you trading of tokens without centralized services like Uniswap., Lending services like Compound., Stablecoins like Maker DAO, Wrapped coins that don’t natively exist on a blockchain like Wrapped Bitcoin., And many other financial services, All of this allows cryptocurrency finance to take place with the security that decentralization provides. — Future DeFi. — In the future, I suspect that DeFi will grow on other blockchains that can scale better than Ethereum. The OKEx Chain is already getting its system together to become a new decentralized trading platform that runs on its own blockchain. It will be much faster and more efficient than Ethereum which will provide a better trading experience for cryptocurrency users. Why DeFi was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.




Cryptocurrency: a Non-correlated Asset

Newcomers to cryptocurrency often wonder what the financial advantages are to owning cryptocurrencies like Bitcoin. Many people get carried away with the gains that they see in the current bull market and fail to see one of it’s biggest advantages; a hedge against government currency failure. Venezuela Venezuela used to be one of the most financially prosperous countries in South America… until the government hyperinflated their currency to pay for debts and entitlement programs. Not only did the currency become worthless but it also ruined the Venezuelan stock market and bonds market. Hyperinflation does not just kill currency. It kills everything that a currency depends on; including most businesses. The Problem of Hyperinflation There have only been a handful of assets in Venezuela that maintain any semblance of value; gold and cryptocurrency. Everything else has been destroyed by the Venezuelan government. Why do assets like gold and Bitcoin survive when everything else dies? Stocks and bonds can’t survive hyperinflation. The businesses tied to the stocks need a stable and useful currency to function correctly. This means the business must: A: Adopt a currency that is NOT the local currency. This may be against the country’s laws, be expensive to implement or just not practical. B: Go out of business. C: Do illegal activity to survive. D: A little bit of everything. Government bonds and corporate bonds also become worthless. The inflation rate exceeds the bonds interest rate by such a high level that bonds become worthless. Even when a corporation or government offers a bond at a higher interest rate than inflation investors stay away; everyone worries that inflation will continue to go out of control. Crypto as Insurance Against Hyperinflation Since cryptocurrency is not dependent on government currency to operate it is a natural hedge against hyperinflation and other forms of government failure. It has several advantages over gold because: It’s easily sent over the internet, Capable of making international payments, Does not weigh a lot like gold does, Easy to transport, All of this means that cryptocurrency can easily pick up the slack if your government currency fails. Want to buy some cryptocurrency to protect yourself against hyperinflation? Check out the OKEx exchange to easily purchase Bitcoin with your local currency like the Euro, Australian Dollars or Mexican Pesos. Cryptocurrency: a Non-correlated Asset was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.




Ten Crypto Myths

There is a lot of false information and fuzzy thinking in the crypto world… especially for newcomers. Here are ten crypto myths (in no particular order) that need to be slain by Hercules. Bitcoin is a Ponzi scheme. Ponzi would take people’s money, promise to invest it, and then give them their return on investment. In reality, he would get money from a new investor to pay the old ones off. Eventually he ran out of money and got in trouble. With Bitcoin there is no Ponzi and there is no “investment scheme”. When you buy one Bitcoin you have bought one Bitcoin. Whether it goes up or down in value is for the free market to decide., Bitcoin will die any day now. According to mainstream news Bitcoin died in 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 and 2020. Yet, it continuously goes up in value and now has institutional investors like MicroStrategy and Tesla., Bitcoin is the only legitimate cryptocurrency. There are several high quality cryptocurrencies on the market. Ethereum for instance, has ran strong from 2015 and hosts a wide variety of DApps like the Brave Browser and Uniswap., Only cryptos that have a high price are worth buying. What matters is growth. If Bitcoin goes up 10,000 Dollars that is a nice gain. But if Dogecoin goes up 10 cents the investment just doubled. Always take growth over a big number., Cryptos have no real value. The value of everything is determined by the laws of supply and demand. Government money like the US Dollar is not tied to anything except what the US government says it’s worth. With cryptocurrency it’s supply is tied to the code which is not easily changed. With fiat money it’s whatever the government and central banks want., Governments want to outlaw crypto. There are some countries that have outlawed crypto but for the most part that’s not happening. Would large institutions like: MicroStrategy, Tesla, Grayscale, and MassMutual buy it if were going to be outlawed by the US government?, Cryptocurrencies have no practical use cases. There are many different use cases cryptocurrencies successfully do including: remittances, smart contracts, Non fungible Tokens, trading, passive income and a hedge against traditional financial markets (alongside many other use cases)., Crypto is for criminals. Bitcoin and many other cryptocurrencies are quite easy to track. If the governments suspects you are money laundering they can most likely figure it out. Traditional cash is still the best money for criminals., Easy to Hack. Blockchains like Bitcoin are not easy to hack. Many people have heard about the Mount Gox exchange hack so they assume blockchains are easy to hack. These are not blockchain hacks but are exchange hacks. That’s why it’s important to use high quality exchanges like OKEx to keep your cryptocurrency secure., Hard to learn. Cryptocurrency continues to improve and have better and better UI and UX design. There is also the OKEx Academy that can teach you how to trade cryptocurrency, understand cryptocurrencies and cryptocurrency updates., What other cryptocurrency myths can you think of? Ten Crypto Myths was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.




The Importance of Decentralization






The Power of Network Effect

Everyone is stronger together What makes Bitcoin so powerful? Why do crypto enthusiasts dream about mass adoption of cryptocurrencies like Bitcoin and Ethereum? Why does the price of Bitcoin seem to rise when more people buy it? And why does Bitcoin remain the number one crypto when it longer has the best technology? These are all common questions asked by those who are new to the strange world of cryptocurrency. The answer to these questions can be summarized in one phrase: network effect. — What is Network Effect? - Those of you familiar with computer science already know the power of network effect. It’s why we still use old internet protocols like TCP/IP even though computer scientists can build something better. For the rest of us it’s easier to explain “network effect” with popular social media sites like Facebook. Why is Facebook a multi billion dollar company? It’s not because their technology is hard to replicate. You could hire a handful of undergrads from a Computer Science school and they could make something similar to Facebook., It’s not because their technology is the best in the world. There are other social media sites that have better technology and no one thinks of Facebook as “cutting edge”., It’s not because they offer the best social media platform. Many people prefer Instagram, Snapchat, Twitter, and a variety of other social media platforms., What makes Facebook so powerful is that billions of people are on Facebook. Do you want to see your nephew’s baby photos? They are on Facebook., Do you want to catch up with your old friend from high school? They are on Facebook., Do you want to join a cryptocurrency club? They are on Facebook., Everyone is already on Facebook and this is why everyone continues to use it, join it and develop it’s business. This is the magic of network effect.Bitcoins — Bitcoin and Network Effect - Bitcoin is the dominant cryptocurrency largely because of it’s network effect. Bitcoin has the most users, developers, merchants, and institutional investors. This is one of the reasons why Bitcoin is the most expensive cryptocurrency and has the highest market cap (the other reason is it’s low supply). When someone new enters cryptocurrency the first coin they buy is Bitcoin and sometimes it’s the only coin. This is also why crypto holders want more people to join the crypto movement. It’s not because it’s a pyramid scheme; it’s because more people equals a more powerful network effect. And a powerful network effect is good for everyone. If you are interested in learning more about Bitcoin and other cryptocurrencies you should check out the OKEx Academy. The OKEx Academy has everything from introductions to cryptocurrency to updates on the latest cryptocurrency news. If you are new to cryptocurrency or just want to brush up on a few concepts check it out today. The Power of Network Effect was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.




Improving OKEx’s token listing process

OKEx is currently in the middle of our first ever community token vote (which will end on June 10th, 2018), and we’re excited to see how it will be received by our community. As we await the results, I want to highlight and explain our thinking behind our new listing process, as well as invite feedback as we continue to refine our approach.  — @OKEx_ Selecting which tokens to list is a complicated process While we want to support token teams with high promise and demand, we are also wary of all the risks out there. From regulatory and legal risks, to cases of incompetence and outright fraud, we have a duty to our community to do our best in minimizing their exposure to “bad” tokens. At the same time, we try to select and list tokens that our users would like to purchase and utilize. This process of due diligence and selection, coupled with a guess as to how a token will be received by the community, is more art than science. And ultimately had left our community, token backers, and token project teams feeling disconnected. We want to change that. What makes OKEx’s listing process different One key way we differentiate ourselves is by not taking a listing fee. We believe in aligning with token teams over the longer term. So, we look for ways to mutually align. We encourage our listed tokens to brainstorm ways to bridge our mutual communities. For some token teams, we’ve done joint marketing and engagement campaigns, such as live meet ups, online AMAs, or purchase and deposit competitions, all to bring awareness of the listed token to our community. In return, we ask token teams to encourage their users to join our platform, and look for OKEx to be their first choice when they wish to purchase or utilize their token. We firmly believe that a long term approach to working with quality token teams is the key to successfully fostering a healthy ecosystem and providing our community with a variety of sustainable, interesting, and useful tokens to trade. We fully intend to continue this approach. Constantly improving Looking back, we realized that token teams and their communities often felt that our process was a black box, with little to no feedback on how their listing was proceeding, or if it was proceeding at all. And, despite going through our rigorous process, some listed tokens did not generate the same level of user interest as others. And so, with three new ways to get listed (vote, collaboration, or community), the main areas that we looked to improve upon were: Transparency, Engagement, Speed, Transparency The trust of our community is paramount to us. And transparency in our processes is important towards that goal. By explicitly explaining the three methods by which tokens may be listed on OKEx, we hope to provide all stakeholders in the listing process a clear way to understand why and how certain tokens are listed. In addition, we are working on ways to provide even more data on token projects and their backers, so purchasers can do ample research and make proper assessments. Engagement The previous listing process was highly opaque, and shut out a large part of the community. By opening up a part of the process to a vote, we hope to gather input from regular users and token project backers earlier. This will allow projects a way to showcase their project and as they work towards a listing together with their communities. Speed Lastly, with over 600 applications in queue, we’ve already doubled our listing and compliance teams as we continue to grow our teams to implement and refine our screening program. In addition, token teams can track their progress and plan ahead, as the three new tracks provide for faster and alternative methods, with clear milestones to reach.Round 1 of OKEx’s Token Listing Vote It’s still a work in progress We look forward to gathering data about our new listing process over the next few months. As we do so, our listing process will continue to evolve, just as it has improved over the past 6 months. We’re committed to constantly doing what’s best for our community and all stakeholders, and will be looking forward to your feedback. Get in touch with us at tokens@okex.com or tweet us at @OKEx_. I can also be reached at @jasonklau on twitter. Improving OKEx’s token listing process was originally published in OKEx Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.




  OKB NEWS


Bitcoin Reclaims $20,000, Ethereum Price Soars Above $1.7K (Market Watch...

    Following several days of adverse price movements, bitcoin finally shot up by reclaiming the coveted $20,000. Most alternative coins are also well in the green, with ETH surging past $1,700 while SOL and DOT have soared by 9% daily. Bitcoin Goes Above $20K The past several days were quite brutal for the primary cryptocurrency. It had already lost the coveted $20,000 at the end of August, and the start of the new month brought even more pain. This culminated on Wednesday when the asset plummeted by $1,500 in hours to a six-week low of $18,500. It managed to defend that level and bounced off to $19,000, as reported yesterday. BTC didn't even flinch when the European Central Bank announced the highest interest rate increase in its history (75 basis points) and remained at that level. However, it went on the offensive hours ago. The bulls drove the cryptocurrency north hard, and bitcoin added over $1,000 to a two-week high of just over $20,700. Its market cap has neared the $400 billion mark, and its dominance over the altcoins has recovered some ground by surging to 38.5%. BTCUSD. Source: TradingView ETH Above $1.7K The altcoins outperformed BTC yesterday, and now most are well in the green, led by the largest one. Ethereum had dipped below $1,500 during the mid-week retracement but soared to $1,650 yesterday amid the growing anticipation for the Merge. As of now, the second-largest crypto trades at a multi-day high above $1,700 after another impressive daily increase. Ripple, M... read More



Bitcoin Tests $21K as Ripple Explodes 14% in 24 Hours (Market Watch)

    Following the recent volatility, bitcoin managed to sustain above $20,000 and even spiked towards $21,000. The altcoins have also charted some impressive gains in the past 24 hours, with XRP leading the race. Bitcoin Eyes $21K After last week’s massive correction, which culminated in an 18-month low at $17,500 on Sunday, the bulls have been trying to recover some of BTC’s lost ground. This resulted in a jump to $21,500 a few days ago. However, bitcoin failed there and even dipped below $20,000 after Jerome Powell – the Chairman of the Federal Reserve – reaffirmed the central bank’s plans to continue raising interest rates in desperate attempts to fight the skyrocketing inflation. Nevertheless, BTC recovered quickly to its sub-$20,000 ride and increased above it yesterday. The past 24 hours brought another leg up, and the asset currently sits just inches away from $21,000. Consequently, its market cap has neared $400 billion once again, but its dominance has declined to below 43%. BTCUSD. Source: TradingView Notable Bitcoin News Binance’s CEO believes bitcoin will eventually chart a new all-time high above $69,000, but it could take up to two years to do so. The legendary legacy investor Mark Mobius called bitcoin a “leading indicator,” which is followed by the Dow Jone and other stock market indices. The US arm of the world’s largest exchange – Binance US – started offering zero trading fees for BTC spot pairs.... read More



Bitcoin Rejected at $45K, ATOM Jumps 5% (Market Watch)

    Following a few consecutive days of charting gains, bitcoin was rejected at $45,000 and slipped by around $2,000. Most altcoins have also retraced today, with Cosmos being among the very few exceptions. BTC Stopped at $45K After last week’s roller-coaster that transpired when Russia invaded Ukraine, bitcoin started to regain value and knocked on the door of $40,000. While it was stopped there at first, the asset broke down that door on February 28 and kept climbing towards weekly highs. This resulted in nearing $45,000 at the start of March. In fact, BTC touched that level twice in the past two days but failed to breach it successfully. The latest rejection came yesterday. Bitcoin briefly exceeded that level and marked a new 3-week high, but the bears stepped up and pushed it south by $2,000 to $43,000. It tried to reclaim some ground in the following hours but stands just a few hundred dollars above that intraday bottom as of now. Nevertheless, being more than 20% up weekly means that the asset’s market capitalization is well above $800 billion. BTCUSD. Source: TradingView ATOM Jumps as Alts Retrace The alternative coins went through similar price dumps and pumps after Russia’s “special military operation” began. Most marked monthly highs yesterday but have retraced slightly today. Ethereum exceeded $3,000 for a moment but failed to maintain that level and has slid by around 3% to $2,900. Binance Coin, Ripple, LUNA, Solana, Cardano, Avalanche, P... read More



Market Watch: Bitcoin Topped at $39K, Crypto Markets Lost $100B Followin...

    Bitcoin’s run-up was halted at around $39,000 after the Federal Reserve announced it will increase the interest rates in March this year. The altcoins, which were also heading north, dropped in response similarly to BTC. Bitcoin Rejected at $39K After last week’s massacre, in which the primary cryptocurrency dumped by over $10,000 in days to a six-month low beneath $33,000, the landscape seemed significantly more positive in the past 72 hours. The asset recovered $4,000 in a day, as reported on Tuesday before another leg up drove it to around $37,000 yesterday. During the trading day, bitcoin kept climbing and tapped a six-day high at roughly $39,000. As the situation seemed bullish, though, came the most recent meeting of the Federal Reserve. In it, the central bank said there will be no changes to the interest rates now, but they will be increased in March. This caused enhanced volatility in the crypto and the stock markets, as BTC dumped by over $3,000 in hours. As of now, it has reclaimed $36,000, but it’s still about 3.5% down on the day. As such, its market capitalization is just slightly below $700 billion. BTCUSD. Source: TradingView Altcoins in Red as Well The alternative coins were flying high in the past 72 hours, with Ethereum surging past $2,600 just a few days after being close to dump below $2,000. However, the market-wide retracement has driven the second-largest crypto to just over $2,400. Binance Coin (-4%), Ripple (-3%), Dogecoin (-2.5%), ... read More



Crypto Markets Lose $100 Billion Daily as Bitcoin Dips Below $42K (Marke...

    Bitcoin’s adverse price movements continue with the asset sliding below $42,000. Most of the altcoin space is in an even more gloomy situation, with substantial losses from Ethereum, Binance Coin, Avalanche, MATIC, LUNA, ATOM, and others. BTC Slips Below $42K It’s safe to say that the past several days didn’t go all that well for the primary cryptocurrency. On January 15th, it spiked to just shy of $44,000 after an impressive leg up. However, it failed to breach that level as the bears tightened their grip on the market. BTC first dropped to $43,000 hours later, before another price dump took it to around $42,000, as reported yesterday. While bitcoin remained there for a while, and it seemed that it could hold on to that level, the bears pushed it south once more. In the following hours, BTC dropped to around $41,500, which was a weekly low. It bounced off initially to above $42,000 but failed again and currently sits around that level. As a result, its market capitalization has declined below $800 billion. BTCUSD. Source: TradingView Altcoins in Red Again The alternative coins were also harmed in the past several days. Ethereum traded above $3,400 last week before the market-wide correction started to drive it south. In the past 24 hours alone, ETH has lost more than 4% and now sits at just over $3,100. Binance Coin has declined by a similar percentage and struggles to remain above $460. More losses come from Cardano, Solana, Ripple, Dogecoin, Avalanche, Sh... read More



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