OKB
Crypto Overview
Overview
OKB is the utility token of the OKX cryptocurrency exchange (formerly OKEx). It serves multiple purposes within the OKX ecosystem, including trading fee discounts, governance participation, and access to platform features.
Intended Utility
The primary intended purposes of OKB include providing trading fee discounts on the OKX exchange, enabling participation in exchange governance decisions, gaining access to new token listings through OKX's launchpad platform, and serving as collateral for certain platform features.
Actual Utility and Implementation
OKB demonstrates significant actual utility aligned with its intended purposes. The token is actively used for trading fee discounts on OKX, which processes billions in daily trading volume. The platform maintains regular token burns and has implemented a buy-back program to manage token supply.
Token Distribution and Governance
OKB's token distribution shows a significant portion allocated to the founding team and platform treasury. However, the project implements regular transparent reporting of token burns and maintains clear vesting schedules. The development team consistently delivers platform updates and new features.
Revenue Model
The revenue model is primarily based on exchange fees and platform services, avoiding interest-based income. The token's utility is directly tied to the exchange's operations and services rather than speculative mechanisms.
Crypto Impact
To assign a comfort level investing in OKB from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to OKB.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.