While Chinese New Year is approaching, it’s also OKB’s debut! To celebrate the occasion, we decided to give away 100 million OKB by sending you all red packets. Get your OKB red packet now and enjoy the festive season of the year of dog!
From Feb 10 (00:00:00) to Feb 14 (23:59:59) (Hong Kong Time, UTC+8), 2018: each customer with a trading volume of over 5 BTC equivalent in OKX Token Trading can get a complimentary red packet with a random amount of OKB.
It’s free and everyone is eligible to get it! Just keep calm and trade on, and you will get the red packet from us!
After CNY, we will bring you more exciting news on OKB. This is just the beginning and it’s not the official distribution of OKB yet. Stay tuned and look forward to the even more fascinating events as follows!
Terms & Conditions
- Promotional period: Feb 10 (00:00:00) to Feb 14 (23:59:59) (Hong Kong Time, UTC+8), 2018. Each customer with a trading volume of over 5 BTC equivalent in OKX Token Trading can get a complimentary red packet with a random amount of OKB between 10-1000 tokens.
- The OKB red packet will be redeemable from Feb 15 (00:00:00) to Feb 22 (23:59:59)(Hong Kong Time, UTC+8). It will be delivered to your red packet account. You may check "red packet history" for related records. Redeemed OKB will be credited to your "Account > Spot Account" 7 working days after the promotion ends.
- Get extra OKB red packet by sharing on social media: after successful redemption, you will receive a notification from OKX app to ask you to share a link. If more than 10 of your friends have successfully used your link to get OKX red packet, you will receive an extra OKB red packet.
- OKX red packet in the sharing link includes a random amount of tokens, including CIC, Chat, GTO, SSC, ACT and Kcash.
- Malicious activities to boost trading volume such as intentional fake orders are prohibited. If these kinds of activities are found, OKX will suspend the account responsible immediately.
- OKB red packet is only redeemable via OKX mobile app. However, all the amounts of tokens traded in token trading via our website, app and API will be included in trading volume.
- In case of any dispute, OKX reserves the right of final decision.
What is OKB?
OKB is a utility token issued by the OKB foundation. It will be launched on the ERC-20 protocol standard initially, and subsequently shifted to our own public blockchain called OKChain in the future. OKB will be accepted on OKX and will be a vital piece of OKX's architecture & development. Through the highly complementary relationship, OKB will be applied not only on OKX's platform, but also on other related projects invested.
Why are we issuing OKB?
By implementing the core idea of blockchain - sharing information in a transparent manner through a decentralized database, OKX will launch a token-sharing system, giving out 60% of OKB tokens for free to OKX's users. We hope to build a sharing community with blockchain technology, allowing every user to participate and contribute to the development of our platform.
Token Distribution
The available supply of OKB will be one billion tokens (1,000,000,000), with a distribution as follows:
60% will be given out to customers for community building and through marketing promotions. Locked up for 3 years
10% for operations of the foundation. Locked up for 2 years
10% for initial investors. Locked up for 2 years
20% for development team. Initial lockup for 1 year. Then 20 million OKB will be unlocked annually
Applications
OKB is a utility token to be used on OKX for a wide range of services, including:
- settling trading fees
- settling fees accrued interest
- participating in token-listing poll
- settling the deposit of verified merchant application
- enjoying a dedicated customer support
- exclusive VIP benefits such as colocation servers and enhanced API rate limits
