OKB (OKB)

Tokenomics & Utility

OKB’s token model has changed in important ways over time:

• Early model: OKB launched in 2018 with a total supply of 300 million and a quarterly buyback‑and‑burn program funded from exchange revenue. For years, OKX reported each burn round publicly, sending tokens to a verifiable burn address.(aws.okx.com)
• 2025 overhaul: On August 13, 2025, OKX executed a one‑time burn of 65,256,712.097 OKB that had been accumulated from historical buybacks and reserves, then upgraded the OKB smart contract to disable any future minting or manual burns. From that date, total supply was fixed at 21 million. In the same announcement, OKX confirmed OKB would “continue to be the only gas and native token” for X Layer.(okx.com)

What OKB is used for:

• Exchange benefits: Holding OKB reduces trading fees on OKX. Fee tiers for regular users depend in part on the amount of OKB held, and VIP tiers bring further reductions based on volume and balances. This is the classic “utility” role of the token on a centralized exchange.(okx.com)
• Jumpstart access: OKB is used in OKX Jumpstart token sales and allocation draws. Event rules vary by project, but OKB typically serves as the payment or staking asset for participation.(aws.okx.com)
• On‑chain gas: On X Layer, OKB pays network fees. As activity grows across DeFi, NFTs, and gaming, gas demand connects network usage directly to the token. This linkage is a key part of how fundamentals can influence the OKB price narrative.(okx.com)

Distribution and investors: Public materials over the years described allocations for team, investors, and community growth during the 300M era. After years of burns and the 2025 supply fix, the emphasis is now on a simple, fully capped supply with OKB in free circulation and no mint functions. Community users, developers, and partners hold OKB for exchange benefits and on‑chain utility, while OKX continues to publish program and network updates that can impact token use.(okx.com)