Too Long; Didn't Read
OKB is the native cryptocurrency token of the OKX exchange, formerly the OKEx exchange. It is meant to provide discounts on trading fees and act as a governance token on choosing which cryptocurrencies are allowed on the platform. There are 300,000,000 OKB tokens currently in circulation out of the total available 1 billion OKB. Of the 300 million OKB in circulation, 40% is dedicated to the founders and project, 10% is with investors while 50% is for airdrops and rewards. OKX is an offshoot of the China based OKCoin platform which has been in operations since 2013.