OKEx (OKB) Crypto Exchange

OKEx is a cryptocurrency exchange platform that also offers other services such as [OKEx Pool](https://www.okex.com/pool) and [loans](https://www.okex.com/loan). It was founded in 2017 and aims to remove financial barriers and improve the economy as a whole by creating the next-generation financial ecosystem. OKEx has developed a [DeFi Hub](https://www.okex.com/defi), a digital asset ecosystem. OKEx wallet can be utilized in the NFT marketplace offered by the platform and blockchain games that are a part of the hub. OKEx also created the [OEC](https://www.okex.com/okb) blockchain, formerly known as OKExChain, with its own native token OKT. OEC utilizes the Cosmos SDK and Tendermit Proof of Stake consensus algorithm. OKB is an ERC-20 utility token that serves a variety of purposes on the OKEx blockchain. Token holders receive up to a 40% discount on trading fees, earn passive income by staking and depositing their coins into a savings account, and participate in token sales via Jumpstart. OKB is also applicable on several other platforms and can be utilized for payment. It is deflationary as it is bought back from the holders and burnt every three months to reduce the token’s supply. According to the OKEx website, there is a new release planned, Convenient farming tools. Convenient farming tools will provide access to farming events and allow users to invest “easily and securely.”