History of OKB The history of OKB can be summarized through its price trends (in USD): 5-6-0.5 One year This period started with the 2018 IEO. After a few months of consolidation, there was a collective surge in platform tokens, including HT. Valuations were low, and OKB's circulating market cap was small. Later, during the bear market of 2018, it went on a rollercoaster ride. 0.5-6 Two years In 2019, the market began to rebound. It went through the 3/12 crash and the October 2020 ban on withdrawals. The subsequent rebound pushed the price to $6, essentially freeing all the trapped positions. However, this was the toughest period, with market sentiment similar to now—lots of criticism and suggestions for OK to improve its exchange operations. 6-44-10 1.5 years This period covers the 2021 bull market and the 2022 bear market. The positive market sentiment during this time led to the destruction of most of the uncirculated tokens. The emergence of OKT also accelerated OKB's price fluctuations. 10-70-50 Two years During the rebound, OKB moved independently and hovered around $50 for a long time. Those who held on during this period were truly loyal holders. 50-250-Present OKB shifted its narrative, becoming the sole token for the xLayer public chain, with a total supply reduced to 21 million through token burns.