OKB Buy-Back & Burn Report (Sep 1 – Nov 30, 2019)


Dear valued customers,

From Sep 1 to Nov 30, 2019, the amount of OKB bought back and burned is 5,945,273.91. The bought-back OKB has been sent to a black-hole address for coin burn.

The OKB Buy-Back & Burn program was initially launched on May 4, 2019, OKX started to buy back OKB tokens from the original supply of 300,000,000 OKB every 3 months according to the seasonal market and operating performance — which were subsequently sent to a burning address that nobody can access. As of today, we have already burned a total of 13,978,364.45 OKB.

The black-hole address for coin burn is as follows:


OKB, a global utility token issued by the OK Blockchain Foundation, is designed by our top-notch team of developers based on blockchain technology and backed with a token economy model. OKB is designed to help connect high-quality innovative digital asset projects with global users and investors, fostering the development of the OKB ecosystem and the healthy development of the entire blockchain and crypto industry.

With the support of millions of global OKB supporters, OKB has received an astounding success. In order to continuously contribute to users and offer a better trading service, we are on the way to foster the ecosystem building, platform empowerment, expansion of trading application, public chain development and community development of OKB.

1. Building a comprehensive OKB ecosystem

In terms of ecosystem building, we are taking a two-pronged approach to optimize OKB’s ecosystem by ways of external cooperation and platform empowerment.

We have joined hands with 26 external partners to develop payment, market data, wallet, lending and wealth management, cybersecurity, travel, lifestyle, and entertainment applications.

As for platform empowerment, we have developed 11 OKB user cases on OKX Jumpstart, OKB Trading Marketd, as well as for OKB supporters and designated merchants to enjoy fee discounts. We are still upgrading OKB to empower our trading platform.

2. Expanding OKB’s global coverage

We are striving for increasing OKB’s global coverage while building its ecosystem. Except for listing on OKX C2C market, OKB also supports fiat trading pairs like KRW, VND, and IDR on many overseas exchanges.

We have successively cooperated with Bitsonic and Probit in South Korea, ALINIEX and Bvnex in Vietnam, as well as Indodax in Indonesia to expand OKB’s overseas market.

3. Community Development

For community development, the OKB Telegram group covers hundreds of thousands of core users. We have listened to our users’ opinions to keep optimizing the development of OKB.

Between 1 November and 11 November, we launched a 10-day OKX Global University Meetup Tour to promote OKB at the University of California, Berkeley, Columbia University, Harvard University, University of Southern California, and Yale University.

To further push the development of OKB, we need to build a comprehensive OKB ecosystem through collective efforts despite success at present.

Without your trust and support, we cannot take even a small step to develop OKB. We are dedicated to offering a first-class service for our users to share the growth together.

Should you have any comments or suggestions, please feel free to contact us:

Email: okb@OKX.com

Telegram (English): t.me/OKXOfficial_English



Dec 11, 2019