OKB · OKB
The OKX exchange token and X Layer gas coin
Supply is frozen forever at 21M and you must hold OKB for gas on OKX's own X Layer chain — its weak spot is having no real VC narrative, just an exchange token.
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OKB · nothing is made and nothing is burned — a supply frozen at 21 million.
OKB is the OKX exchange token and the mandatory gas coin of X Layer, OKX's own Layer 2. In Aug 2025 OKX burned supply down to a fixed 21M and rewrote the token code to strip out both minting and burning — so 21M circulating is now also the total and the cap.
Sell pressure. Zero — no new OKB was created in the window, the vesting finished in 2018, and there is no reserve or estate left to release.
Buy pressure. Zero — the old quarterly buyback-and-burn is retired, the burn code is gone, and X Layer gas is paid to the sequencer rather than destroyed.
Net. 0.00% — nothing added, nothing removed. Supply just sits at 21M, flat.
OKB is an exchange token, not a chain of its own, so nothing pays block rewards or staking yield in it. The mint function is absent from the live token code, and the supply read on chain came back byte-identical at both ends of the window on two separate readers.
The original OKB allocation finished vesting in 2018. All 21M is already unlocked and there is no team, seed or treasury release calendar left to run down.
No public evidence of release in window — monitored. There is no non-circulating bucket: all 21M is classified as circulating by three separate registries, and the OKX reserve plus past-buyback OKB were destroyed in the Aug 2025 burn rather than parked. The one control point still open is the token contract's owner key, an ordinary wallet that could swap the code back; it is re-checked every rebuild.
No bankruptcy estate holds OKB and there is no trustee distribution schedule, so nothing can land in this row.
The old quarterly buyback-and-burn is retired. The burn function is absent from the live token code, so there is no programmatic way left to retire OKB, and nothing has been reinstated since.
OKB is the mandatory gas token of X Layer, but that gas is not destroyed — it accrues to the sequencer, and both fee accounts were measured larger at the end of the window than at the start. Less than one OKB drifted into unrecoverable addresses across the whole window, which rounds to nothing against 21M.
No public evidence of release in window — monitored. OKX runs no open-market buy programme; buying was retired when supply was fixed at 21M in Aug 2025.
A lock mechanism did go live inside the window: from May 26 2026, anyone deploying a trading venue on X Layer must stake OKB into the chain's staking contract, where it sits locked and slashable. No required amount and no contract address have been published, so nothing measurable can be booked yet — the mechanism is tracked and re-checked every rebuild.
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