Key Metrics at a Glance
OKT, the native token of the OKT Chain, is currently priced at **$4.77**. The circulating supply stands at 17,847,259 OKT, which is 84.98% of its maximum supply of 21,000,000 tokens. The all-time high for OKT was recorded at $255.00 on May 10, 2021, while the all-time low of $4.22 was observed on April 7, 2025.
The token's real-time market capitalization is approximately $85.31 million. These metrics are updated continuously to reflect the latest market movements.
Understanding OKT Price Performance
The price of OKT has experienced a decrease of 0.63% since midnight (UTC+8). Historically, the most significant single-day drop occurred on May 19, 2021, when the price fell by 55.87%. The most substantial monthly decline was in May 2021, with a drop of 80.35%, and the largest annual decrease was also in 2021, at 86.71%.
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What is OKT Token?
OKT is the primary native asset of the OKT Chain, a Layer 1 public blockchain developed based on Cosmos. It is uniquely designed to be compatible with both the Ethereum Virtual Machine (EVM) and WebAssembly (Wasm), focusing on delivering true interoperability and enhanced performance.
Its high scalability allows developers to build and scale applications with relatively low gas fees. The ecosystem is supported by robust infrastructure, including a unified multi-chain Web3 interface, providing a smoother experience for both developers and on-chain users.
How to Purchase OKT Tokens
Acquiring OKT involves a few straightforward steps. First, you need to create an account on a supported digital asset exchange. Next, purchase a stablecoin like USDT using fiat currency on the platform's "Buy Crypto" page. Once you have stablecoins, navigate to the trading section, search for OKT, and select your preferred trading pair (e.g., OKT/USDT). Enter the desired price and quantity to execute your trade.
Frequently Asked Questions
What factors influence the price of OKT?
The price of OKT is influenced by general market sentiment, the overall adoption and utility of the OKT Chain, developments within its ecosystem, and broader trends in the cryptocurrency market. Network upgrades and partnerships can also impact its value.
What is the difference between OKT and OKB?
OKT is the native token of the OKT Chain (OKTC), used for governance, staking, and paying transaction fees on its network. OKB is a utility token issued by OKX to support its broader ecosystem, offering users benefits like trading fee discounts. They serve entirely different purposes on separate platforms.
Where can I securely store my OKT tokens?
OKT tokens can be stored in any wallet that supports the OKT Chain network. This includes the official OKX Wallet, other compatible software wallets, and hardware wallets for enhanced security. Always ensure your chosen wallet is reputable and secure.
Is OKT a good long-term investment?
Like any digital asset, investing in OKT carries inherent risks. Its long-term value depends on the success and adoption of the OKT Chain ecosystem. Potential investors should conduct thorough research, assess their risk tolerance, and consider the project's roadmap and technology before making any investment decisions.
How is the supply of OKT managed?
OKT has a maximum supply of 21 million tokens. New OKT is issued through block production and staking rewards, with an annual inflation rate typically between 1% and 5%. This model is designed to incentivize network validators and stakers.
Can I use OKT for anything besides trading?
Yes, beyond trading, OKT holders can use their tokens to participate in network governance by voting on proposals. They can also stake their tokens to help secure the network and earn staking rewards, contributing to the blockchain's operation and security.
Final Thoughts on OKT Market Dynamics
Monitoring OKT's price requires an understanding of both technical indicators and the fundamental value proposition of the OKT Chain. The project’s focus on interoperability and scalability positions it within a competitive sector of the blockchain industry.
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Disclaimer: This content is for informational purposes only and is not intended as financial or investment advice. It is provided "as is" without any warranties of accuracy or reliability. Always conduct your own independent research and consult with a qualified financial advisor before making any investment decisions. Digital asset investments are inherently volatile; you should only invest what you are willing to lose. Past performance is not indicative of future results.