My dear friends, the coronavirus outbreak has spread to 46 countries other than China and now seems to be spreading faster everyday. No matter you are self-isolating at home or still at work, I fervently hope we all can overcome this tough challenge.
Lately we have experience the crash in both traditional finance market and crypto world.
Whether Bitcoin is a kind of safe-haven asset is still controversial. However, there is one decent, genuine crypto I would like to share with you, which is OKB coin. In this video I would like to give you an explanation about OKB and some facts I find about it.
First of all, OKB is a platform trading token issued by OK Blockchain Foundation. It is a global utility token, which means, as a holder, you can enjoy different types of privileges of OKEx trading platform; at the same time, you can use OKB in OKEx’s global eco-system.
首先，OKB是由OK区块链基金会OK Blockchain Foundation发行的平台币。他是一个全球通用的功能型代币,作为持有是可以享受OKEx交易平台的不同类型的特权。同时你可以在OKEx的全球生态系统中使用OKB.
OKEx exchange, founded in 2017, is one of the top-3 global cryptocurrency exchanges by monthly volume and provides services in over 100 countries. It offers fiat-to-crypto and crypto-to-crypto trading. Also it allows you to have spot trading, margin trading, futures and Perpetual Contracts and options.
成立于2017年的OKEx交易所, 按照月交易量，是世界排名前三的全球加密货币交易所之一. 并在100多个国家/地区提供服务。除了OTC和币币交易通道，OKex交易平台还可以让您进行现货交易，现货杠杆, 交割合约和永续合约及期权。
Back to the exchange’s token, OKB was initially issued on 23rd of March, 2018. It was planed 1 billion issuance, after 300 million token had been gradually released, the management team decided to burn some amount of the OKB coins. so one year later, on 2019 April, they used 30% of transaction fee from OKEx spot market to buy back OKB gradually and send to a ‘black hole’ address to burn；On Feb 2020, when OKChain testnet was launched, the team announced to burn the the rest of 700 million unreleased tokens in Feb 10th 2020. Which means, OKB coin is the only platform token which is fully in circulation. I also checked its historical price performance, I find it is a healthy and reliable token, and here is some numbers and facts I would love to share with you:
回到交易所代币本身，OKB在2018年3月23日首发, OKB计划发行10亿枚，首发3亿枚后团队决定销毁部分OKB. 所以一年后的2019年4月，他们使用来自OKEx现货市场的30％的交易费逐步回购OKB，并将其发送到“黑洞”地址进行销毁； 2020年2月，当OKChain测试网启动时，该团队宣布在2020年2月10日销毁其余的7亿尚未发行的代币。
In this February, OKB coin raised to 7.55 USD, the total market cap reached 2.1 billion USD, entered TOP 10 List of Cryptocurrency. Also in this Feb, the monthly transaction volume exceeded 10 billion U.S. Dollars. There are 8 fiat gateways for OKB, besides China Yuan, US Dollars, users can use Korean Won and Vietnamese Dong, Indonesian Rupiah， Euro and Russian Ruble to trade OKB. The number of OKB’s global ecosystem partners reached 50 and 37 application scenarios for OKB’s usage.
From this chart we can see wallet like Legder, Cobo are supporting OKB, security, daily service and entertainment apps such as Certick, Tripio, Cryptomall, and BitTorrent, FirmaChain are also in OKB’s eco system.
By July 2019, the countries with OKB users exceeded 100 with a 1 million people global community, including traders and social media followers. As I mentioned earlier, In February 2020, 700 million unissued OKB were burned, therefore, OKB is fully in circulation and in an absolute deflation.
With its nature, an exchange platform utility token, OKB’s usage scenarios are include: Transaction Fee Discount, OKEx Jumpstart (exchange platform crowdfunding projects), Delegated Merchants, OKB Spot Margin Trading, Savings function, Voting rights, OKChain’s genesis token give away and etc.
According to the information and facts we have found, OKB is coin born within a top tier exchange platform, with sophisticated application scenario. It is in full circulation and an absolute deflation. I do believe OKB coin has great potential, in terms of value and price.
Thank you for watching，This is Camille, from Shanghai.