OKT Chain (OKT)

Deprecated

Token marked for de-listing

Tokenomics & Utility

OKT is the chain’s native asset. It serves as the unit for gas, governance deposit/voting, and validator collateral. In the earliest phase, 10 million OKT were minted in the genesis and distributed to OKB holders via an OKX Jumpstart event. Later, OKT became available on exchanges and through on‑chain activity. (globenewswire.com)

For issuance, OKX outlined a schedule that targeted a 21 million maximum supply, with a reward‑halving mechanism designed to reduce issuance roughly every nine months until the total supply reached the cap (initially projected around 2028). This design aimed to steadily decrease new issuance as the network matured. (chaincatcher.com)

A key update arrived on September 17, 2025, when OKT Chain stopped distributing OKT staking rewards. Liquid staking services related to OKT were also discontinued, with a conversion route provided for derivative tokens back to OKT. After this change, protocol‑level OKT emissions for staking were no longer paid out; validators and network participants continue to rely on transaction fees and the chain’s governance processes for incentives and operations. (okx.com)

In everyday use, OKT enables:

• Gas payments for transactions and smart contract calls on OKTC.
• Participation in governance, including proposing and voting on parameter changes and upgrades (with OKT deposits required to submit proposals). (okx.com)
• Validator bonding and delegation to secure the network’s consensus (with the caveat that reward distribution ended in 2025). (okx.com)

OKLink functions as the official explorer, showing chain activity, validator information, and token lists across the KIP‑20 standard on OKTC. The explorer also reflects the chain’s validator count and total supply figures. (oklink.com)