OKB Buy-Back & Burn report (Sept. 1 to Nov. 30, 2020)


The OKB team commenced the tenth round of its Buy-back & Burn program between Sept. 1 and Nov. 30, 2020. In this round, based on the original burned volume, there was an additional 10% OKB added to the burn. The total number of OKB bought back and burned from the secondary market was 4,060,773.48 OKB — equivalent to $22,050,000 — which has been transferred to a dedicated black-hole address.

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 28,548,715.55 OKB. The current OKB in circulation is 271,451,284.45 OKB.

The black-hole address for the token burn is as follows:


OKB ecosystem expansion

In order to continuously provide benefits to our millions of users, the OKB team has joined hands with dozens of businesses and other partners to foster the application of OKB on the OKX platform and within global partners’ ecosystems.

OKB's ecosystem continues to expand to cover more areas and has benefited long-term OKB users in a multitude of ways:

Expansion of platform privileges

  1. Trading fee discounts
  2. OKX Jumpstart
  3. OKB Savings
  4. OKB Buy-Back & Burn

Diverse ecosystem applications

Currently, the OKB ecosystem has developed 77 applications worldwide — covering payments, transactions, wallets, loans and financial management, technical security, tourism, life services, entertainment, social networking, electronic contracts and C2C services.

OKB holders can also enjoy first-class security services, mortgage lending services, various wallet services, online and offline shopping payment services, hotel reservation services and more, through the utilization of OKB.

Fiat Trading Channels

As of today, the OKB team has opened nine fiat trading channels — including the euro, Russian ruble, Korean won, Vietnamese dong and Indonesian rupee. More than 60 trading platforms — including Bitfinex and BitMax — added OKB trading pairs, covering 154 countries and regions.

The OKB team will continue to cultivate a strong connection with its global supporters while listening to their feedback for future improvements. It is committed to offering first-class services to users and creating strong synergies with multiple blockchain industry partners.

Should you have any comments or suggestions, please feel free to contact us at okb@OKX.com or Telegram (English): https://t.me/OKXOfficial_English.

Best regards,


Dec. 2, 2020

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