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OKB Burning History: In 2020, 70% of non-circulating tokens were burned, totaling 213 million tokens burned in 28 times over 6 years.
BlockBeats News, August 13, as recorded and organized by BlockBeats:
In 2018, the total supply of OKB publicly disclosed at the time of issuance was 1 billion, with an initial issuance of 300 million.
On February 10, 2020, OKX (then OKEx) announced the launch of the OKChain testnet and burned 700 million non-circulating OKB. At the launch of the OKChain testnet, 13,978,364 OKB had been burned, and the circulating supply was 286,021,636 OKB.
OKB rose by 36.5% on the day, reaching a high of $7.4 within 6 days, with a total increase of about 90%.
Since May 4, 2019, OKB has been burned a total of 28 times, with a cumulative burn of 213,743,286 OKB.
Prior to this, BlockBeats reported that OKEx announced today that it will burn a total of 65.25 million OKB from historical buybacks and reserves in one go on August 15, fixing the total supply at 21 million OKB.
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