OKB Burn and Upgrade Specific Timeline: Burn on August 15th, Smart Contract Upgrade on August 18th

BlockBeats News, August 13, according to an official announcement from OKX, the specific timetable (Beijing Time) for the completion of X Layer's PP upgrade and the launch of the OKB Gas Token economic model optimization is as follows:

August 13, 2:10 PM: OKT trading will be suspended on the OKX trading platform, while OKTChain will continue to produce blocks and process on-chain transactions as usual

August 13, 3:00 PM: OKX trading platform will stop OKB withdrawals to ETH L1

August 15, 10:00 AM: The platform will automatically convert users' OKT holdings to OKB according to the rules

August 15, 2:00 PM: One-time destruction of OKB, followed by on-chain burning through a smart contract

August 18, 2:00 PM: Upgrade of the OKB Smart Contract to remove minting and burning functionalities