On April 16, CoinGecko, a third-party market data monitoring agency, released the latest token ranking in terms of price rise. Bitcoin SV topped the chart with a 70% increase while OKB followed closely behind and saw a 65% increase.
“We are glad to witness such extraordinary growth for OKB. As mentioned previously, we want our users to recognize the core value of OKB before they invest in it. With this outstanding growth, I think we are heading towards the right direction,” said Jay Hao, CEO of OKX. “Moving forward, we will continue to grow with OKB along with expanding its application scenarios.”
OKB is the utility token adopted by OKX. During Q1 2020, OKX, the world’s largest cryptocurrency spot and derivatives exchange, launched the testnet of OKChain, its own commercial public chain, and OKX DEX, the first dApp based on OKChain. At the same time, OKX announced the burn of the 700 million unissued OKB and promised not to issue any additional OKB in the future, which fused the token to enter the deflation age.
In addition, OKB ecosystem is continuously expanding. As of today, OKB has developed 52 application scenarios internally and externally, covering payment, market data, wallet, lending and wealth management, cybersecurity, travel, lifestyle, and entertainment applications, which allow holders to purchase products or services with OKB. OKB has surged 65% in Q1 and hit a new high of $7.44 on Feb 16, 2020.
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