The OKB team commenced the 18th round of its Buy-Back & Burn program between September 1st, 2022 and November, 30th, 2022. In this round, the total number of OKB bought back and burned from the secondary market was 4,988,637.56OKB — equivalent to around $88 Million (Calculated at a 90-day average price) — which has been transferred to a dedicated burning 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 burned a total of 53,361,025.50 OKB. The current OKB in circulation is 246,638,974.50 OKB.
The burning address for the token burn is as follows:
https://www.oklink.com/eth/address/0xff1ee8604f9ec9c3bb292633bb939321ae861b30
The burned OKB record is as follows:
|
Burned Round |
Burn Report |
Period |
|
18th |
4,988,637.56 OKB |
2022.09.01-2022.11.30 |
|
17th |
4,760,479.82 OKB |
2022.06.01-2022.08.31 |
|
16th |
3,755,642.45 OKB |
2022.03.01-2022.05.31 |
|
15th |
2,536,277.49 OKB |
2021.12.01-2022.02.28 |
|
14th |
2,435,426.87 OKB |
2021.9.1~2021.11.30 |
|
13th |
2,320,679.53 OKB |
2021.6.1-2021.8.31 |
|
12th |
2,008,753.54 OKB |
2021.3.1-2021.5.31 |
|
11th |
2,006,412.69 OKB |
2020.12.1-2021.2.28 |
|
10th |
4,060,773.48 OKB |
2020.9.1-2020.11.30 |
|
9th |
3,816,358.49 OKB |
2020.6.1-2020.8.31 |
|
8th |
3,509,874.52 OKB |
2020.3.1-2020.5.31 |
|
7th |
3,183,344.61 OKB |
2019.12.1-2020.2.29 |
|
6th |
5,945,273.91 OKB |
2019.9.1-2019.11.30 |
|
5th |
6,104,047.53 OKB |
2019.6.1-2019.8.31 |
|
4th |
412,753.26 OKB |
2019.5.25-2019.5.31 |
|
3rd |
452,741.79 OKB |
2019.5.18-2019.5.24 |
|
2nd |
557,364.59 OKB |
2019.5.11-2019.5.17 |
|
1st |
506,183.39 OKB |
2019.5.4-2019.5.10 |
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
As of today, the OKB team has built a total of 15 internal privileges based on the OKX platform for millions of users around the world. As an OKB holder, you can enjoy the following privileges when you trade on OKX:
- Trading fee discounts
- OKX Jumpstart
- OKB Savings
- OKB Buy-Back & Burn
Diverse ecosystem applications
Currently, the OKB ecosystem has developed 80 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 OKCoin Japan, 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.
If you have any comments or suggestions, please feel free to contact us:
Email: [email protected]
Telegram (English): https://t.me/OKXOfficial_English
Best regards,
OKB Team
Jan, 2023
