OEC is a transaction chain - a blockchain technology infrastructure built for transactions. Through the development of "blockchain middleware" and operation support for transaction scenarios, it reduces the development costs of application developers and improves users' transaction experience.
OKT is a native token of OEC, which can be used for the construction of decentralized transactions and DeFi applications, such as voting and handling fees. OKT's Chuangshi circulation is 10 million.

Project Introduction

1. What is OKT
OKC Token, or OKT, is a native token issued by the OEC main network. Its value depends on the development prospects of decentralized exchanges and other DeFi applications that will be built on the network. OKT's Genesis block will contain 10 million OKT's initial coin and will be allocated to OKB holders. OKT's halving pattern is the same as Bitcoin, with its block rewards being halved about every three years. The block reward is now 0.5 OKT, and the theoretical upper limit of the total supply of OKT is about 41.96 million.

2. Functions of OKT
1) Use of system resources:
Applications running on an OEC network need to allocate certain resources on the chain. The OEC charges transaction fees for resource use.
2) Pledge of equity:
A certain number of OKTs can be verified. You can obtain block yields based on the ranking of their voting weights. Click to view verifier information. (https://www.oklink.com/okexchain/bp-list)
3) Voting:
OKT holders obtain voting rights by pledging tokens. An address can vote for up to 30 different validator candidates, and the number of votes supported by each validator candidate is determined by the number of OKTs held by the address.

3.What is a KIP20 token?
KIP20 is an token standard for compatible virtual machine EVMs on OEC. It is similar to ERC20 and can be applied to all smart contract DApps. Before EVM is launched, the K asset token is KIP10 (can only be applied in system contracts). After EVM is launched, the K assets will be moved to KIP20 tokens.