OKT is a blockchain-based smart contract platform that is built specifically for trading. Decentralized Web3 applications can be built on top of the network which can provide functionalities for trading and exchanging many types of decentralized assets. The project aims to create a comprehensive, user-friendly and efficient infrastructure for developers to deploy their applications. OKT is backed by the broader OKX project, which is one of the largest exchanges built for cryptocurrency and also has a wallet in its product suite.

OKT is the platform’s native currency and operates as a utility token. It is used for paying transaction fees and taking part in network governance.

What are OKT’s key features and how does it work?

OKT has developed a unique concept of “blockchain middleware” in order to achieve its goals. Essentially, an environment which supports decentralized application development. In order to facilitate this, OKX uses Tendermint and Distributed Proof-of-Stake consensus which allows low operational costs. This results in lower transaction fees and lower costs for all network participants, developers and end-users included.

What can OKT be used for?

Holders of the OKT token can take part in network governance as well as contribute to the security of the platform. To take part in governance, proposals can be submitted and voted on via the on-chain governance system. OKT can also be delegated to any of the validators of the OKT blockchain. This allows the owner to receive rewards in return for contributing to the network via the network’s Proof-of-Stake consensus mechanism. Additionally, in order to become a validator, at least 10,000 OKT must be staked.

Where can you buy OKT?

OKT is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are MEXC Global, Gate.io, and KuCoin. The price of OKT will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for OKT market prices, please view the price charts on this page.

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