ChainCatcher message, according to the announcement released by OKX, the specific timeline for the completion of the PP upgrade and the launch of the OKB Gas Token economic model optimization for this X Layer (Beijing time) is as follows:
August 13, 2:10 PM: OKT trading on the OKX platform has stopped, but OKTChain will continue to produce blocks and process on-chain transactions.
August 13, 3:00 PM: The OKX trading platform will stop the withdrawal of OKB to ETH L1.
August 15, 10:00 AM: The platform will automatically exchange the OKT in user accounts for OKB according to the rules.
August 15, 2:00 PM: A one-time destruction of OKB will occur, and a smart contract will be called for on-chain destruction.
August 18, 2:00 PM: Upgrade the OKB Smart Contract, removing the functions of minting and burning.
