I. The Situation of OKB Chain (OKT Chain)
OKB Chain, commonly referred to as OKT Chain (Chain ID: 196), is a blockchain network developed by OKX exchange (formerly known as OKEx), aimed at providing efficient and scalable solutions for digital asset trading and decentralized applications (DApps). Here are the main features of OKT Chain:
Technical Architecture:
OKT Chain is a high-performance blockchain built on the Cosmos SDK, using the Tendermint consensus mechanism, supporting fast transaction confirmations and low latency.
It is a Layer-1 blockchain, independent of Ethereum but compatible with the Ethereum Virtual Machine (EVM), supporting EVM smart contract development.
OKT Chain focuses on applications such as decentralized finance (DeFi), NFTs, and cross-chain bridges, providing high throughput and low transaction fees.
Token Mechanism:
OKT is the native token of OKT Chain, used for paying transaction fees (Gas fees), governance voting, and staking.
OKB is a utility token of the OKX ecosystem, primarily used for trading fee discounts, staking rewards, and participating in activities like Jumpstart, but it can also be used on OKT Chain through cross-chain bridges (like OKX Bridge).
Ecological Advantages:
OKT Chain supports cross-chain interoperability and is compatible with mainstream public chains such as Ethereum and Binance Smart Chain (BSC).
The large user base of OKX exchange provides extensive ecosystem support for OKT Chain, covering areas like DeFi, NFTs, and GameFi.
According to public information, OKT Chain has low transaction fees, making it suitable for high-frequency trading and token issuance.
Chain ID and Network:
The network with Chain ID 196 is the mainnet of OKT Chain, designed for decentralized applications in the OKX ecosystem.
Developers can interact with OKT Chain using tools provided by OKX (like OKX Wallet) to deploy smart contracts or create tokens.
II. GTokenTool
GTokenTool is a one-click token issuance platform focused on simplifying the creation and management process of blockchain tokens, supporting multiple public chains, including OKT Chain (Chain ID: 196). Here are the core features of GTokenTool:
Platform Features:
One-click Token Issuance: No coding required, users can quickly create tokens through the web interface, suitable for beginners and professional developers.
Multi-chain Support: Supports mainstream public chains like OKT Chain, Solana, Ethereum (ETH), Binance Smart Chain (BSC), and TON.
Flexible Configuration: Provides functions such as token name, symbol, total supply, tax mechanism (e.g., marketing fees, transaction taxes), lock-up, staking, and mining.
Additional Services: Support for market cap management, bulk airdrops, token pre-sales (IDO), NFT minting, etc., to meet the diverse needs of project parties.
User Experience:
Easy to Use: With an intuitive interface, users only need to fill in token parameters, connect a wallet (such as OKX Wallet or MetaMask), to complete token deployment.
Community Support: GTokenTool has an active official community and professional customer service, providing technical support and consulting services.
Security: The platform claims to use secure smart contract templates and supports users in customizing permissions to reduce risks.
Compatibility with OKT Chain:
GTokenTool supports OKT Chain with Chain ID 196, allowing users to create standard-compliant tokens (such as EVM-based ERC-20 similar tokens) on OKT Chain.
Users can connect to the OKT Chain network through OKX Wallet and pay OKT as Gas fees to deploy tokens.
III. The Process of Issuing Tokens on OKB Chain
Here are the detailed steps to create OKT Chain tokens on the GTokenTool platform:
1. Preparations
Equipment: Prepare a computer or mobile phone, and install a wallet that supports OKT Chain (such as OKX Wallet or MetaMask).
Network Configuration: Add OKT Chain mainnet in the wallet:
Network Name: OKT Chain Mainnet
Chain ID: 196
Token Symbol: OKT
Funds: Ensure there is enough OKT in the wallet to pay Gas fees (usually only a small amount of OKT is needed).
Access Platform: Open the GTokenTool official website.
2. Connect Wallet
On the Token Factory page of GTokenTool, click the 'Connect Wallet' button.
Select OKX Wallet or MetaMask and switch to the OKT Chain network (Chain ID: 196).
Authorize the connection and ensure the wallet is unlocked.
3. Configure Token Parameters
Basic Information:
Token Name: Enter the full name of the token (e.g., 'My Token').
Token Symbol: Enter the abbreviation of the token (e.g., 'MTK').
Total Supply: Set the total issuance of the token (e.g., 100,000,000).
Decimal Places: Usually set to 18 (consistent with Ethereum standards).
Advanced Settings (Optional):
Tax Mechanism: Set transaction tax or marketing fee (e.g., 2% transaction tax for buyback or marketing).
Lock-up Mechanism: Specify the lock-up period for a portion of the tokens (e.g., 6 months).
Permission Management: Set whether to allow subsequent issuance, burning, or pausing token functions.
After confirming that all parameters are correct, save the configuration.
4. Deploy Tokens
Click the 'Create Token' button, and GTokenTool will generate the smart contract code.
Confirm transaction details, including Gas fees (paid in OKT).
Sign the transaction in the wallet and wait for on-chain confirmation (usually completed in a few seconds).
After successful deployment, GTokenTool will return the contract address of the token.
5. Verification and Management
Verify Contract: Submit the token contract address to the blockchain explorer of OKT Chain (like OKLink) for verification, ensuring transparency.
Manage Tokens: Manage tokens through the GTokenTool dashboard (e.g., airdrops, lock-ups, burns, etc.).
Add Liquidity: Add tokens to OKX DEX or other decentralized exchanges that support OKT Chain to create trading pairs (e.g., token/OKT).
6. Follow-up Promotion
Use GTokenTool's market cap management tools to monitor token prices and trading volumes.
Conduct airdrops or IDO activities to attract community users to participate.
Promote tokens within the OKX ecosystem, leveraging platforms like OKX Jumpstart to increase visibility.
Notes:
Ensure wallet security, avoiding the leakage of private keys or recovery phrases.
Check token parameters to avoid errors (e.g., excessive supply or high taxes).
Familiarize yourself with the Gas fee mechanism of OKT Chain and reserve enough OKT.
IV. Frequently Asked Questions
Q: What is the role of OKB and OKT in token issuance?
A: OKT is the native token of OKT Chain, used to pay Gas fees; OKB is a utility token of the OKX ecosystem, used for trading fee discounts or participating in ecosystem activities, but OKT is primarily used in the token issuance process.
Q: Can tokens with special functions be created?
A: Yes, GTokenTool supports custom functions, such as taxes, lock-ups, and burns. Complex features may require additional configuration; it is recommended to refer to the GTokenTool documentation or contact technical support.
Q: How to promote tokens on OKT Chain?
A: You can add liquidity through OKX DEX, participate in OKX Jumpstart, conduct community airdrops, or promote on social media. GTokenTool's market cap management tool can also help track market performance.
V. Summary
Creating tokens on OKT Chain (Chain ID: 196) using GTokenTool is a simple and efficient process, suitable for developers or projects looking to quickly enter the blockchain ecosystem. OKT Chain provides a reliable infrastructure for token issuance with its high performance, EVM compatibility, and support from the OKX ecosystem; GTokenTool lowers the technical threshold with one-click token creation, multi-chain support, and additional services, making it suitable for beginners and professional users.
