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OKB is the utility token of OKEx exchange for user access to the features of the exchange, along with a focus on trading. A share of OKB is burned on a regular basis to diminish token supply. The OKB coin is an ERC20 token which utilises a proof-of-stake consensus algorithm and runs on the OKExChain. Users can use OKB to pay trading fees, for voting and governance on OKEx, receiving discounts on trading premiums and rewards.