OKX introduced the completion of the twenty sixth OKB Burn occasion, which befell in the present day.
OKX Completes twenty sixth OKB Burn, Over 140 Million Tokens Burned to Date
Throughout this occasion, 18,488,690.46 OKB tokens have been completely faraway from circulation, reflecting the platform’s dedication to sustaining the token’s deflation mechanism.
Key Factors
Occasion Interval: September 1, 2024 to November 30, 2024.
Complete Burned This Cycle: 18,488,690.46 OKB.
Cumulative Burned: As of this burn, a complete of 140,146,792.15 OKB have been completely faraway from the token provide.
What’s OCD Burn?
OKB burn is a deflationary initiative by OKX the place a portion of the circulating provide of OKB tokens is faraway from the market. This mechanism goals to cut back provide, improve shortage, and probably improve the worth of the remaining tokens.
What’s OCD?
OKB is the native utility token of the OKX ecosystem and offers its holders with a number of advantages, together with low transaction charges, entry to unique options, and participation in particular occasions.
This closing burn highlights OKX’s dedication to its tokenomics technique that helps long-term worth creation for OKB holders and the broader group.
*This isn’t funding recommendation.
