Dear valued customers,
From June 1, 2019 to August 31, 2019, the amount of OKB bought back and burned is 6,104,047.53.
The bought-back OKB has been sent to the following black-hole address for coin burn:
Starting May 4, we have implemented Buy-back & Burn for the now circulating 300M OKB. We will use 30% of the transaction fee from spot market to buy-back OKB and send them to a ‘black hole’ address to burn. As of today, we have already burned a total of 8,033,090.54 OKB.
OKB is a global utility token issued by the OK Blockchain foundation and is a vital piece of OKEx's architecture & development. Through the highly complementary relationship, OKB will be applied not only on the OKEx platform but on other related projects as well. Currently, there are more than 1 million OKB holders. OKB is already applied to OKEx Jumpstart, OKB trading market, trading fee discount, and more products.
OKB is also the only accepted token on OKEx Jumpstart, which already launched 7 token sales. More than 100,000 OKB holders have participated in OKEx Jumpstart.
Starting in October 2019, we will perform some more updates on the rules of OK Jumpstart to allow more OKB holders for participation. Please stay tuned.
Sep 3, 2019