In previous blog articles, we’ve covered a broad view of cryptocurrency and offered a closer look at Bitcoin, Ethereum and several other altcoins.
👀 In this article, we’ll take a closer look at the cryptocurrency OKC Token and its related exchange platform – OKX. If you’d like to get the lowdown on OKC Token and OKX, what they are and how they work, here is our brief guide to get you on a clearer path to understanding.
🌰 OKC TOKEN IN A NUTSHELL
👉OKC Token (ticker: OKT) is the native cryptocurrency for the OKX exchange platform (formerly known as OKEx).
OKX is a Seychelles-based cryptocurrency and derivatives exchange.
OKC Token is designed to be a Layer 1 blockchain network built on Cosmos that specializes in interoperability and optimal performance.
📜 OKX EXCHANGE HISTORY
The OKX exchange was founded by Star Xu (徐明星) in 2017. Initially headquartered in Beijing, China 🇨🇳, the company recently made the move to the Seychelles 🇸🇨 – an island archipelago off the east coast of Africa.
By mid 2018, the exchange platform had expanded operations to Malta due to the country's efforts to provide a sound regulatory framework for blockchain-based businesses and digital asset exchanges. 📈 After continued growth through to early 2021, OKX saw their biggest trading volume in history, up 26% from the previous month to USD$188 billion.
After a rebrand from the original “OKEx'' to OKX in 2022, the exchange platform stepped up its global marketing campaign. Premier League football team Manchester City FC ⚽ announced a partnership with OKX as their official cryptocurrency partner. Further sponsorship deals include a primary partner relationship with McLaren 🏎.
OKX has further established its brand highlighting the various partnerships it holds with a campaign titled “What is OKX?” and the tagline “OKX – Your new favorite crypto trading app”.
OKC TOKEN (OKT) TOKENOMICS
The finite supply of OKC Token at just under 42,000,000 OKT is in full circulation. The current market capitalization of OKC Token is approximately USD$678.8 million.
OKC TOKEN (OKT) UTILITY
OKT offers its holders the unique ability to contribute to the security and governance of the OKC – a set of open-source blockchain projects developed by OKX. Users can delegate their OKT to one or more of the 100 validators on the OKC blockchain to earn more OKT through a Proof-of-Stake consensus mechanism. Holders can also vote with their OKT to influence the future of the OKC through on-chain governance proposals.
👛 The OKX exchange offers an app and a wallet to store and support the OKT network.
💲 OKC TOKEN PRICE
When OKC Token initially launched in early 2021, it had an initial value between USD$35.05 and USD$135.39. By April and May of 2021, the OKT value reached an initial peak of USD$236.65 and then an all time high price of just over ~USD$242.51.Since experiencing another peak of August of that year, OKT has been hit by the bull run in the overall crypto market and now, in recent months, fluctuates between ~USD$13 and ~USD$21.
👉 EARNING OKC TOKEN WITH BLOOM
📲.The Bloom shopper rewards app allows you to earn OKC Token and other crypto (like Bitcoin, Ethereum and various other altcoins) with every purchase made on your Visa card 💳.
🦉 All you need to do is download the Bloom app, register an account, link your Visa card and shop anywhere using your credit or debit card.
With every purchase, you will earn Bloom Coins by simply using your Visa card 💳. The more you use your card, the more Bloom Coins you will earn.
💰 The Bloom Coins you earn can be spent within the app 🎁 and converted into OKC Token.
🆓 Converting crypto on Bloom, such as OKC Token, is free of charge and has no gas fees!
💎 Earn exclusive 3x Bloom Coin rewards with a Premium Membership.
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Bloom does not recommend that any cryptocurrency or NFTs should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.