History of OKB Destruction: 70% of uncirculated tokens destroyed in 2020, with 213 million tokens destroyed in 28 rounds over 6 years

According to BlockBeats news, on August 13, based on the data recorded by BlockBeats:

In 2018, the total amount publicly announced at the issuance of OKB was 1 billion, with an initial issuance of 300 million.

On February 10, 2020, OKX (then known as OKEx) announced the launch of OKChain's testnet and destroyed 700 million uncirculated OKB. At the launch of the OKChain testnet, 13,978,364 OKB had been destroyed, with a circulating supply of 286,021,636.

On that day, OKB rose by 36.5%, reaching a peak of $7.4 within 6 days, totaling an increase of about 90%.

Since May 4, 2019, a total of 28 rounds of OKB have been destroyed, with a cumulative destruction of 213,743,286.

BlockBeats previously reported that OKX announced today that it would destroy a total of 65.25 million OKB from historical repurchases and reserves on August 15, fixing the total issuance at 21 million.