In our previous blog posts, we’ve explored the fundamentals of cryptocurrencies, diving deeper into Bitcoin, Ethereum, and several altcoins. This guide focuses on OKC Token (OKT) and its ecosystem, including the OKX trading platform. Whether you’re curious about OKT’s underlying technology or OKX’s operational insights, this article provides a clear breakdown.
🌰 OKC Token Explained
👉 OKC Token (symbol: OKT) is the native cryptocurrency of the OKX trading platform (formerly OKEx). OKX is a Seychelles-based exchange specializing in crypto and derivatives.
Built on Cosmos as a Layer 1 blockchain, OKT emphasizes:
- Interoperability
- Optimized performance
- Scalability
📜 History of OKX
Founded in 2017 by Star Xu, OKX initially headquartered in Beijing, China 🇨🇳, before relocating to Seychelles 🇸🇨. Key milestones:
- 2018: Expanded to Malta for regulatory advantages.
- 2021: Recorded $188B trading volume (26% growth).
2022: Rebranded from OKEx to OKX, launching global campaigns like partnerships with:
- Manchester City FC ⚽
- McLaren Racing 🏎️
The platform’s slogan: “OKX – Your new favorite crypto trading app.”
OKT Economics & Utility
🔢 Tokenomics
- Circulating supply: 42M OKT (~$678M market cap).
🛠️ Use Cases
- Staking: Delegate OKT to validators for rewards via PoS consensus.
- Governance: Vote on-chain to shape OKC’s future.
- OKX Wallet: Store and manage OKT seamlessly.
💲 OKT Price Trends
- 2021 Launch: $35.05–$135.39.
- ATH: $242.51 (May 2021).
- Current Range: $13–$21 (market-dependent).
👉 How to Earn OKT with Bloom
📲 Bloom App lets you earn OKT and other cryptos (BTC, ETH, NFTs) via Visa card spending:
- Download Bloom App
- Link your Visa card.
- Earn Bloom Coins per purchase.
- Convert coins to OKT—zero fees.
💎 Premium members get 3x rewards.
FAQs
❓ What is OKT used for?
OKT powers OKC’s blockchain for staking, governance, and transactions.
❓ Is OKX available in the US?
No, OKX restricts US users due to regulatory limits.
❓ How to stake OKT?
Delegate tokens to OKC validators via OKX Wallet.
Disclaimer: This content is not financial advice. Conduct independent research and consult a financial advisor before investing.
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