Review on OKB by francis fernandez
OKB: driving mechanism of the OKEx ecosystem
Within the wide range of digital assets that the crypto market exposes, there are special cryptocurrencies that serve as a driving mechanism for other assets and even larger blockchain networks.
In this sense, we find the OKB cryptocurrency.
This is a token with universal functionality within the OKEx ecosystem that operates within the robust Ethereum network.
The fundamental purpose of the OKB token is to allow integration between all blockchain services and applications offered by the OKEx multifunctional platform; connecting both users and investors with the rest of the members of the ecosystem. Token features:
In addition to its basic functionality as a connector of the OKEx network elements; the OKB token has the particularity of being a regulatory token of the inflationary process as its issuance is controlled.
For these purposes, the burning of excess tokens is carried out gradually; which contributes to increase its value in the market.
The OKB token also grants special privileges to its holders, such as exclusive benefits within the OKEx network and privileged rights within the governance. Technology:
The OKEx platform uses the powerful technological infrastructure of the Ethereum network to execute all the operations of its ecosystem in a secure, scalable and efficient way.
Pros
- Serves as a driving force behind network operations
- It is backed by the Ethereum infrastructure
- Employs the token burning mechanism to control inflation
Cons
- The value of the coin is unstable
