OKX announces an upgrade to the OKB economic model, where OKB will only serve as the sole Gas and native token of X Layer in the future. The L1 version will gradually be phased out, and a one-time destruction of the historically repurchased and reserved 65.25 million OKB will occur, permanently fixing the total supply at 21 million.
Stimulated by this news, OKB surged from 50 to 142 in just 10 minutes, reaching a historic high with an increase of over 200%.
