1. What is OK?

Introduction to OKTokens (OKB)

OKB is the native token of the OKX (formerly OKEx) trading platform, issued by the OK Blockchain Foundation in March 2018. OKB is a utility token primarily used to provide various benefits on the OKX platform, including:

1. Low trading fees: OKB holders can enjoy ultra-low fee benefits, with discounts of up to 40%.
2. Access to the initial exchange offering platform OK Jumpstart: OKB holders can participate in OK Jumpstart activities to obtain tokens from other projects at a lower cost through Airdrops.
3. Voting rights for listed tokens on OKX platform: OKB holders can participate in votes to determine which tokens will be listed on the OKX platform.
4. Payment of trading fees on OKChain blockchain and decentralized trading platform OKDex: OKB will be used to pay trading fees on the OKChain blockchain and OKDex.

OKB operates on the OKChain blockchain network, which is dedicated to executing the relevant functions for OKX. OKChain empowers users to trade by integrating a digital ecosystem, while also striving to enhance the usage of OKB within the OKX community.

2. Who founded OK?

OKX (formerly OKEx) was founded by Star Xu. According to relevant information, OKX's predecessor, OKCoin, was established in 2013 and later evolved into OKEx, which was renamed OKX in 2022.

3. Which venture capitals invested in OK?

The following venture capital firms and individuals have invested in the token exchange OK (OKX/OKEx):

1. Source Code Capital: Provided tens of millions of dollars in Series A funding.
2. Innovation Works: Established with participation from renowned Silicon Valley investor Tim Draper, provided million-dollar angel investment.
3. Longling Capital: Provided tens of millions of dollars in Series A funding, led by the founder of Meitu, Cai Wensheng.
4. Mentou Capital: Provided tens of millions of dollars in Series A funding.

In addition, the following individuals also participated in the investment:

1. Star Xu: Founder of OKEx.
2. Feng Bo: Founder of Source Code Capital, holding 9.86% of shares.
3. Mai Gang: Venture capitalist, holding 5.08% of shares.
4. Cai Wensheng: Founder of Meitu, holding 1.82% of shares.
5. Feng Tao: Founder of Shanghai Lianchuang, holding 0.5% of shares.
6. Shen Guojun: Chairman of Yintai Group, also participated in the investment.
7. Tang Yue: Founder of Xiaoying Technology and original founder of Elong, holding 7.89% of shares.

4. How does OK operate?

OKTokens (OKB) is the native digital currency of the OKX exchange, and its operation principles are as follows:

1. Trading fee discounts: Holding OKB provides trading fee discounts within the OKX exchange, up to 40%.

2. Participation in savings plans: OKB holders can participate in OKX's savings plans to earn interest.

3. Participation in early tokens projects: Through OKX's Jumpstart activities, OKB holders can obtain tokens from other projects at a lower cost via Airdrops.

4. Voting rights: OKB holders have the right to vote on future proposals within the OKX ecosystem, thereby playing a decisive role in shaping the future development and direction of the exchange.

The operation of OKB is closely linked to the ecosystem of the OKX exchange, providing various benefits and participation opportunities. Here's how OKB operates on the OKX platform:

• Issuance and supply: OKB was launched by the OK Blockchain Foundation in March 2018, with a total supply of 300 million.
• Trading and usage: OKB can be traded and used within the OKX exchange, including fee waivers and participation in Jumpstart activities.
• Security: The security of OKB is ensured by the security measures of the OKX exchange, including two-factor authentication and encryption technology.

In summary, OKB is an important component of the OKX exchange, offering various benefits and participation opportunities, promoting trading activities and user engagement.