OKX announced today that it will permanently destroy a total of 65.25 million OKB, which includes historical buybacks and reserves, fixing the total supply at 21 million.

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

On February 10, 2020, OKX (then known as OKEx) announced the launch of the OKChain testnet and destroyed 700 million uncirculated OKB. At the launch of the OKChain testnet, 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 high of $7.4 within 6 days, totaling an increase of about 90%.

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