OKX announced the completion of the 26th OKB Burn event, which took place today.
OKX Completes 26th OKB Burn, Over 140 Million Tokens Burned to Date
During this event, 18,488,690.46 OKB tokens were permanently removed from circulation, reflecting the platform's commitment to maintaining the token's deflation mechanism.
Key Points
Event Period: September 1, 2024 to November 30, 2024.
Total Burned This Cycle: 18,488,690.46 OKB.
Cumulative Burned: As of this burn, a total of 140,146,792.15 OKB have been permanently removed from the token supply.
What is OCD Burn?
OKB burn is a deflationary initiative by OKX where a portion of the circulating supply of OKB tokens is removed from the market. This mechanism aims to reduce supply, increase scarcity, and potentially increase the value of the remaining tokens.
What is OCD?
OKB is the native utility token of the OKX ecosystem and provides its holders with a number of benefits, including low transaction fees, access to exclusive features, and participation in special events.
This final burn highlights OKX’s commitment to its tokenomics strategy that supports long-term value creation for OKB holders and the broader community.
*This is not investment advice.