Okxchain is a completely open POS chain built by the community.
Xu Mingxing, the founder of OK Group, said that the new OKBChain will be launched in Q1, independent of the existing Okxchain, and start to build the OKB decentralized ecology. Xu Mingxing said that Okxchain is a completely open POS chain built by the community, and OKBChain is developed and operated by OKX Company. The two chains are completely separate.
What Is OKB (OKB)?
OKB is a cryptocurrency issued by the OK Blockchain Foundation and Malta-based cryptocurrency exchange OKEx. The exchange is one of the largest in the world, currently ranked third in liquidity, fourth in trading volume, and offers a wide selection of trading pairs. OKEx is similar to cryptocurrency exchange giant Binance in many ways, but there are some key differences. The OKEx platform has its own cloud mining service, and the company is more focused on providing users with options trading. At the same time, Binance is committed to providing a wide range of crypto services globally.
OKB is an OKEx utility token that enables users to access special features of the cryptocurrency exchange. The token is used to calculate and pay transaction fees, grant users permission to vote and govern on the platform, and reward users for holding OKB.
Since its launch in 2017, OKEx has become the world's leading trading platform. Launched in spring 2017, the platform is an offshoot of the original OKCoin platform (operating in China since 2013). OKCoin now focuses on exchanging fiat currencies for cryptocurrencies, while OKEx focuses on cryptocurrency trading using a built-in API for algorithmic trading. The exchange also allows users to access multi-currency wallets and margin trading features.
The easiest way to get OKB is to buy it through OKEx. However, there are also many alternative cryptocurrency exchanges where you can buy or trade coins. These include OKEx, Gate.io, Uniswap (V2), HitBTC, BiONE, LBank, Hotcoin Global, Coin Ex, ProBit Global, Hotbit.
