OKX announced today that it will permanently destroy 65.25 million OKB from historical buybacks and reserves on August 15, fixing the total supply at 21 million.

In 2018, the total amount announced for OKB at the time of issuance was 1 billion, with an initial issuance amount 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. When the OKChain testnet went live, 13,978,364 OKB had already been destroyed, with a circulating supply of 286,021,636.

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

Since May 4, 2019, a total of 28 destructions of OKB have occurred, with a cumulative destruction of 213,743,286 OKB. #ETH突破4600