Public funding initiatives such as ICOs (initial coin offerings) have been explicitly rejected by the company. It's reported that the firm will transition the token to its proprietary OK chain shortly, whereupon it will be integrated not only within the OKEx ecosystem but will also support various associated initiatives. The global supply caps at one billion tokens, with 600 million designated for distribution amongst OKEx's clientele to cultivate community ties and propel marketing initiatives. The remaining tokens are set for a lock-in period ranging from one to three years.
OKEx has reiterated that the initial issuance of OKB occurred on the ERC20 protocol earlier in the month. Steering clear of ICOs and collective fundraising, the company has declared plans to migrate the token to its native OK chain soon. This move anticipates the token's application across the OKEx platform and various affiliate projects. In all, one billion tokens will be circulated worldwide, with 600 million allotted for OKEx users to deepen community connections and amplify marketing drives, while the balance will be secured in a lock-up phase lasting from one to three years.
