OKB is a token of exchange in this case Okex yet it works different than most you could expect. Its their coin for which they build real ecosystem, add it to exchanges, wallets and find merchants that will accept it. Its not a coin that lets you get discount fees or share of exchange profits. It has another concept.
Good profits right ?
Many good exchanges with Coinex, Bitmax in the mix which i really suggest to try and use. So far OKB with 8 major C2C exchanges, including Bitfinex, ALINIEX, Probit, and Indodax to support the purchase of OKB with USD, EUR, Vietnamese Dong, South Korean Won, and Indonesian Rupee, etc. In terms of spot trading, OKB is now listed on a dozen of mainstream exchanges, such as Bitfinex with over 40 major asset trading pairs available.
So lately I've spent time and made nice research on the OKB on my blog.
One of the main things that push the price of the token is... buybacks and burns of the OKB.
A total of seven rounds of Buy-back & Burn has been executed with a total of 17,161,709.06 OKB burned. The current circulation is 282,838,290.94 OKB. Last round of buy-back & burn was initiated between Dec 1, 2019 and Feb 29, 2020. The amount of OKB bought back and burned is 3,183,344.61, equivalent to $17,500,000.
Intrigued? Read the whole article here - https://fuk.io/analysis-of-okb-value-spike/
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Looks like a nice one, this is the first time I'm even hearing of it.
me is no1 source of news :)
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