Big News from OKX!
On August 15, OKX will permanently destroy over 65 million OKB tokens — that's nearly 75% of the current supply. After this, the total supply will be fixed at 21 million, just like Bitcoin. No more new tokens will be created or burned in the future.
OKB will also move to X Layer, OKX’s new blockchain, replacing the old OKTChain. This marks a major shift: OKB will now be used mainly as gas for X Layer, not just a profit-sharing coin.
The news caused OKB’s price to jump 70% in one hour, briefly hitting $100 and pushing its market cap to $8 billion. Other exchange tokens also rallied, as investors expect tighter token rules across the industry.
Since 2019, OKX has burned 213.7 million OKB through 28 events. After this final burn, 279 million out of 300 million tokens will be gone forever.
