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OKB Token (OKB): Everything you Wanted to Know as a Beginner before Investing!

OKB token (OKB) is one of the most popular cryptocurrencies in the crypto market (having over 15,000 cryptocurrencies) currently. In terms of market cap, it is currently the 74th largest digital currency (over US$1.55 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the OKB coin, how it works, and many more.

What is the OKB Token (OKB)? How does it Work?

The OK Blockchain Foundation and OKEx cryptocurrency exchange has released the OKB token cryptocurrency. It is an ERC-20 token that depends upon the Proof of Stake (PoS) consensus mechanism. Though initially, it operated on the Ethereum blockchain, later it was moved to the blockchain of OKEx, which is the OKExChain.

OKEx crypto exchange is one of the largest digital asset company in the world. In terms of liquidity, it is the 3rd largest and in terms of trading volume, OKEx is the 4th largest cryptocurrency exchange. It provides a wide array of trading pairs for you to trade. The services of this platform go way beyond offering a wide range of cryptocurrency services the world over. Some of the other services offered are:

  • Cloud mining service
  • Options trading facility
  • A built-in API for algorithmic trading

The OKB token, a utility token, is used for:

  • Calculating and paying trading fees
  • Granting users’ access to vote and govern the platform
  • Rewarding users to hold OKB

Mingxing “Star” Xu is the founder of OKCoin in China. He founded it back in 2013. He went on to co-found OKEx exchange in Malta in 2017. Currently, he is the CEO of the OK Group. Jay Hao is the CEO of OKEx from the beginning.

OKB token enables you to get up to a 40% discount on transactions. The OKEx exchange divides users into:

  • Regular users
  • VIP users

This demarcation is done on the basis of the volume traded by each of them. On a daily basis, the commissions are updated. Depending upon their respective levels, users receive a discount. 

If you hold OKB tokens, you can make a passive income too through OKEx Earn. You can allocate an OKB token on the OKEx Jumpstart platform. Participation in Jumpstart can be done only after you get registered on the site. The sales are completed through MixTrust. 

The OKEx platform provides security and stability to users by incorporating a wide range of technologies for protection such as:

  • Load balancing on servers
  • Distributed clusters
  • Other technologies 

They have created both hot wallets and cold wallets of OKEx. A semi-autonomous multi-signature has been included, enabling faster, more convenient, and more secure transactions. 

The OKB token is used on the blockchain for facilitating:

  • Spot trading
  • Derivatives trading
  • Simultaneous development of several scalable applications

In addition, layered architecture has been incorporated for:

  • Reducing consensus times
  • Improving scalability
  • Boosting security

For adding value to the OKB token and make it more rewarding to holders, a certain number of OKB tokens are burned every 3-months. All the token burn events are recorded on the official website. To sponsor the burning events, the OKEx crypto exchange uses 30% of the income generated from the commission fees. To allure new users, welcome bonuses are also offered. 

OKB token (OKB): Facts & Figures

All these facts and figures (as of December 6, 2021) will help you to make a decision on investing in the OKB token. Before making OKB coin transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • OKB OKB Price: US$25.81 (OKB Current Price)
  • 24hour Trading Volume (24h Volume): US$790,004,766
  • All-Time High (ATH) Price: US$44.17 (reached on May 03, 2021)
  • All Time Low (ATL) Price: US$1.25 (reached on May 17, 2019)
  • 24h Low: US$22.36
  • 7d Low: US$20.42
  • 30d Low: US$20.42
  • 90d Low: US$9.56
  • 52 Week Low: US$5.04
  • YTD (Year-To-Date) Return: 171.56% YTD (Year-To-Date)
  • Market Cap: US$1,548,889,903 (US$ 1.55 billion)
  • Crypto Rank (in terms of market cap): 74th in the crypto market
  • Fully Diluted Market Cap: US$7,540,422,397
  • Max Supply: ---
  • Total Supply: 300,000,000
  • Circulating Supply: 60,000,000.00 OKB

If you check the OKB price chart and price history, you’ll find that since its launch, the price of OKB has increased by 1,492.35%. Since its all-time low, it has bounced back by +1,905.78%. From its ATH at US$44.17 (achieved on May 03, 2021), the current OKB price is still -43.09% down. So, before buying OKB tokens, you should check the fundamental and technical factors.

Always check out OKB markets, the ways to earn OKB, market data, key metrics, comparison tools, and technical price analysis, top cryptocurrency price, and cryptocurrency news before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily. 

OKB (OKB) Token Price Prediction

  • According to Wallet Investor, the average price of OKB is going to reach around:
  • US$39.990 by 2022
  • US$101.620 by 2026
  • According to Digital Coin Price, the average price of OKB is going to reach:
  • US$46.41 by 2022
  • US$56.02 by 2023
  • US$64.82 by 2024
  • US$80.48 by 2025
  • US$92.36 by 2026
  • US$94.05 by 2027
  • US$119.33 by 2028
  • According to Trading Beasts, the maximum price of OKB is going to reach:
  • US$23.108 by 2022
  • US$23.796 by 2023
  • US$23.205 by 2024
  • According to GOV Capital, the average price of OKB is going to reach:
  • US$59.114 by 2022
  • US$104.532 by 2023
  • US$159.498 by 2024
  • US$226.540 by 2025
  • US$298.701 by 2026

Where can you Buy OKB tokens?

You can buy OKB coins in almost all reputed cryptocurrency exchanges including:

  • OKEx
  • FTX
  • Gate.io
  • Uniswap (V2)
  • HitBTC
  • BiONE
  • LBank
  • Hotcoin Global
  • Coin Ex
  • ProBit Global
  • Hotbit, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of OKB are:

  • OKB/USD
  • OKB/USDT
  • ETC/OKB
  • OKB/BTC
  • LTC/OKB, and many more.

Before investing, check out OKB history and its historical data, crypto news, OKB token price charts, price performance, market updates, OKB to USD (United States Dollar) exchange rate, the value of OKB coin, the Bitcoin price trend (as OKB is one of the hard forks of the original Bitcoin token), trading fees, and others.

What are the Best Crypto Wallets to Store OKB Coins?

The best OKB token cryptocurrency wallets to store OKB coins are:

  1. Trezor One 
  2. Trezor Model T
  3. Ledger Nano S 
  4. Coinbase Wallet
  5. Exodux

Invest in OKB token and Other Cryptocurrencies

You can buy and sell OKB and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and OKB token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as OKB, XMR, FIL, ETC, WBTC, BCH, BTC ETH, AAVE, Ripple XRP, Bitcoin Ether ETH, OKB (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Dogecoin price, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Also check whether you can exchange OKB token with the fiat currencies of other countries such as South Africa, Saudi Arabia, the Republic of the Congo, United Arab Emirates, United Kingdom, South Korea, and other countries.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using Telegram bots and other automated trading bots, and many more.

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NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error. 

Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.