Question 1

What is OKB?

Accepted Answer

OKB is a token associated with the OKX ecosystem and serves as the native Gas token on X Layer, where it is used to pay transaction execution fees on the public blockchain. It is not equity in every application on X Layer, nor does holding it inherently grant rights in any third-party project. OKB should be understood on two levels: its on-chain use on X Layer is for paying Gas; trading-platform discounts, rewards, or campaign uses previously published by OKX are governed by specific product rules and may depend on time, region, and product conditions. Historical promotions should not be treated as permanent rights.

Question 2

How does OKB pay Gas on X Layer?

Accepted Answer

When initiating a transaction or calling a smart contract on X Layer, execution consumes network resources and users pay Gas in OKB. Gas is an on-chain execution cost, not a spot-trading fee paid to the OKX exchange; the actual cost of a contract call is affected by the operation performed and network fee conditions at the time. Therefore, OKB’s designation as “native Gas” describes its on-chain payment role on X Layer. It does not mean that OKB can automatically offset all OKX product fees, nor does it guarantee that every wallet or application supports the asset in the same way.

Question 3

What is the relationship between X Layer and the OKX exchange?

Accepted Answer

X Layer is an open decentralized public blockchain launched by OKX, not a sidechain or dedicated chain of the OKX exchange; anyone can deploy projects on it. OKX’s official explanation also makes clear that OKX does not endorse or assume responsibility for third-party projects deployed on X Layer. This distinction matters to users: OKB can serve as the chain’s Gas asset, but a token, application, or contract deployed on that chain remains an independent third-party product. The risks, rules, and asset relationships of those products do not become attributable to OKB or the exchange simply because they are on X Layer.

Question 4

Why is OKB’s total supply fixed at 21 million?

Accepted Answer

In the 2025 upgrade, OKX conducted a one-time on-chain burn of 65,256,712.097 OKB from historical buybacks and reserves. The upgrade FAQ states that OKB subsequently sent to the black-hole address is automatically burned, manual burns have stopped, and total OKB supply is fixed at 21 million tokens. “Fixed total supply” refers to the total-supply rule following that upgrade; it does not equal the amount immediately tradable at any point in time. To analyze market-tradable supply, wallet holdings, lockup arrangements, product availability, and on-chain circulation status must be distinguished separately; these concepts must not be conflated with total supply.

Question 5

What did the 2025 OKB contract upgrade change?

Accepted Answer

This supply change occurred in two steps: first, a one-time burn of historical buyback and reserve OKB was performed; then the OKB smart contract was upgraded to remove minting and burning functions. The first step changed the outstanding amount, while the second restricted subsequent issuance or ordinary burn functionality at the contract level; together they produced the upgrade result of “fixed at 21 million.” Accordingly, earlier statements that OKB would be bought back and burned periodically or that it had a maximum circulating supply of 300 million should not be mixed with post-upgrade rules. When assessing a supply claim, first determine whether it refers to before or after the upgrade.

Question 6

What is the conversion between OKT and OKB?

Accepted Answer

The handling of OKT and OKB was an arrangement accompanying the X Layer upgrade, not evidence that the two assets would permanently retain the same function. The official FAQ explains that, because OKTChain and X Layer overlap in positioning and function, technical maintenance and circulation support for OKT would be gradually discontinued; OKT held on the platform was automatically converted into OKB under predetermined rules. The conversion ratio was not determined by the price at a single moment, but by the average closing prices of OKT and OKB on the platform’s spot market from July 13 through August 12, 2025. This was a rule for conversion within the platform’s scope at that time and should not be extrapolated as a general exchange commitment applicable to all on-chain wallets or all times.

Question 7

What does the end of OKTChain support mean for other on-chain assets?

Accepted Answer

Under the related arrangements, OKTChain continued producing blocks and processing on-chain transactions for a period, but official information states that it operated until January 1, 2026. Before then, the platform supported automatic conversion of OKT deposited from wallets into OKB under the same average-closing-price rule; users needed to manage and withdraw other on-chain assets themselves before the shutdown. This means that “OKT can be converted” was an asset-handling rule for a specific period and platform process. It does not mean that other tokens on OKTChain automatically became OKB, nor that X Layer or OKX guaranteed the value of those other assets.

Question 8

Can holding OKB currently offset trading fees?

Accepted Answer

This should not be taken to mean that OKB can currently offset OKX trading fees. The 2025 upgrade FAQ explicitly states that OKB cannot be used to offset trading fees and that holding OKB does not affect fee-discount tiers. A 2023 official statement listed fee benefits, rewards, and Jumpstart participation as platform utility, which was the product description at that time; the subsequent FAQ provides a different explanation of current fee-offset rules. For platform rights, consult the applicable region, product page, and latest terms rather than deciding based only on historical articles or token positioning.

Question 9

How should the economic relationship between X Layer use and OKB be understood?

Accepted Answer

OKB’s on-chain demand arises from Gas needed for X Layer transactions and contract execution: users or applications that execute these operations need OKB available to pay fees. This relationship only means that network activity can create demand for Gas payments; it does not automatically mean that all X Layer activity translates into sustained purchase demand or price appreciation. Actual effects also depend on transaction volume, resource consumption per transaction, fee conditions, whether users already have balances, and other market supply-and-demand factors. Fixed total supply is only one part of the supply rules and cannot by itself be used to derive price outcomes.

Question 10

What network and product conditions should be distinguished before using OKB?

Accepted Answer

Before using OKB on-chain, confirm that the wallet is on X Layer and reserve OKB for Gas; merely holding an identically named asset or a balance on another network may not pay transaction fees on that chain. Before interacting with a contract, also verify that the contract and application are for the intended project, because X Layer is open to third-party deployments. For old OKT, historical platform rules, or cross-network operations, first confirm when the operation occurs, where the assets are located, and whether the platform still supports the relevant process. Treating on-chain transfers, platform-account conversions, and third-party application interactions as the same kind of operation can lead to incorrect expectations.

Question 11

Where can I verify OKB’s current rules?

Accepted Answer

For the current Gas role, fixed supply, and OKT handling, consult the X Layer upgrade and asset-handling FAQ first, because it provides implementation timing, conversion scope, and post-upgrade rules. When researching former platform utility, the 2023 statement can be used as historical context but should not override the later FAQ. For exchange-platform functions that may change by region, product, or time, review the latest terms and pages for the relevant region before acting. Official announcements explain rules, but do not replace users’ verification of wallet addresses, networks, and transaction counterparties.

Question 12

What rights does holding OKB not represent?

Accepted Answer

OKB is a token and the Gas asset for X Layer; it is not equity, debt, or a revenue share in OKX, any application on X Layer, or any third-party project. The ability to pay Gas also does not mean holders receive revenue from on-chain applications, governance rights, or any fixed platform treatment. Likewise, OKX launching X Layer does not mean it endorses every project on the chain. When evaluating a specific token or application, assess its contract, rules, and risks separately rather than substituting the identity of OKB or X Layer for judgment about a third-party project.

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