OKB Buy-back & Burn

Published on May 10, 2019Updated on Apr 4, 20242 min read

Dear valued customers,

We have received plenty of feedback from thousands of OKB supporters since we suggested the OKB “Buy-back & Burn” scheme on Apr 28, 2019. We decided to make the following adjustments after consideration:

Starting May 4, we have officially started OKB Buy-back & Burn program, we will 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.

From May 4 to May 31, 2019, we will buy-back and burn OKB every week and announce the details every Friday.

Starting Jun 1, we will implement buy-back & burn every 3 months and announce the details within 1 week of the burn. OKB black hole address: https://etherscan.io/address/0xff1ee8604f9ec9c3bb292633bb939321ae861b30#tokentxns)

By reducing the total supply in circulation, we hope OKB supporters can benefit from the increase and stabilization of value of OKB. The amount of OKB acquired through Buy-back & Burn between May 4 and May 31, 2019 is 1,929,043.01 , which have already been sent to the black hole address.

Regards,

OKX

May 10, 2019