BlockBeats News, August 13, compiled by BlockBeats Data:
In 2018, the total amount of OKB publicly announced at the time of issuance was 1 billion, with an initial issuance of 300 million.
On February 10, 2020, OKX (then known as OKEx) announced the launch of the OKChain test network and destroyed 700 million uncirculated OKB. When the OKChain test network was launched, 13,978,364 OKB had already 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, for a total increase of about 90%.
Since May 4, 2019, a total of 28 OKB destruction events have taken place, amounting to 213,743,286 destroyed.
BlockBeats previously reported that OKX announced today that it will destroy a total of 65.25 million OKB from historical repurchases and reserves on August 15, fixing the total issuance at 21 million.