What is Token Trading Loyalty Program?
Once you have successfully purchased Token Trading Loyalty Program, you can use your loyalty points to settle transaction fees of all trading pairs in Token Trading.
However, Token Margin Trading and Futures Trading are not supported at the moment. Our system will first use your loyalty points, then your digital assets for fees settlement if the balance is not enough.
What is OKB?
OKB is a global utility token issued by OK Blockchain. There is no ICO or private fund raising.
The available supply of OKB is 1 billion tokens. 60% will be given out to customers for community building and through marketing promotions. We hope to build a sharing community on the blockchain infrastructure, allowing every user to participate and contribute to the development of our platform.
How the Token Trading Loyalty Program works:
Subscribe -> Subscription ends due to time limit or availability -> Allotment result -> Refund for unsuccessful subscription
Each package of 100 loyalty points costs 100 USDT. Successful applicants will be given a certain amount of OKB as benefit.
Our Loyalty Program will be open for subscription on 12:00 Mar 19 (Phase I). Applicants will have to deposit the subscription amount in USDT / BTC / ETH. After the allotment result is announced, successful applications (wholly or partially) will be charged while the unsuccessful ones will be refunded.
Subscription does not guarantee successful purchase. If you have subscribed 100 packages, you may only get 50 packages at the end. Unsuccessful applications will be fully refunded.
Phase I: Successful applicants can get 100 OKB for each package Promotional period: 3/19 12:00-3/21 12:00 ,1 million packages. This phase will end if 2 million packages are already subscribed.
Phase II: Successful applicants can get 83 OKB for each package Promotional period: 3/21 12:00-3/23 12:00 ,1 million packages. This phase will end if 1.5 million packages are already subscribed.
Phase III: Successful applicants can get 66 OKB for each package Promotional period: 3/23 12:00-3/23 18:00 ,500,000 packages. This phase will end if 700,000 packages are already subscribed.
1. Individual subscription limit:100,000 packages.
2.If a user subscribed 30 packages with 1000 USDT, 0.1 BTC and 0.2 ETH, but he/she was only allotted 25 packages: System will first charge the 1000 USDT deposited, followed by 0.2 ETH and then 0.05BTC. The amount of BTC and ETH charged will be based on the exchange rate at the subscription time.
3.Successful applicants can find their Loyalty Points at "Account - Loyalty Points" in our website, or "Profile - Loyalty Points" in our app.
4.Secondary account is not eligible for this promotion
5.OKB/USDT, OKB/ETH and OKB/BTC trading pairs will be available for trading after Phase III ends.
Rest of the OKB Distribution
10% (100 million)
10% of the supply will be used for the operations of the foundation and will be locked up for 3 years.
10% (100 million)
Initial investors. Locked up for 2 years.
20% (200 million)
For our development team. Initial lockup of 1 year, then 20 million OKB unlocked annually.