- The platform successfully completed its 20th buyback and bern “coins”
- Total OKB supply decreased by 64.04 million tokens
- The new round burned 5.5 million OKBs, at a market price of $244 million
- The round set a new record
- The previous one took place in March
Yesterday, June 8, OKX successfully completed its 20th round of buyback and liquidation of OKB $45 OKB OKB 1.3% Market cap $2.7b Vol.. 24Н $2.1m Exchange partner
. This is a new record.. Earlier, the exchange said it would burn “coins” depending on the seasonality factor and current operating performance.
The platform has redeemed and destroyed a total of 5.5 million OKB tokens. The market value of this amount of assets is about $244 million. The current number of OKBs in circulation is 235.96 million “coins.”
The exchange sent a total of 64.04 million OKBs to zero.. The planned volume of token supply reduction is still exactly unknown. The company noted that this largely depends on market conditions.
The previous round was in March. Then OKX burned 5.1 million tokens for a total of $177 million. The exchange has introduced a mechanism of quarterly liquidation of “coins” in 2019.
The new round had almost no effect on the current rate of the asset.. As of this writing, it is trading at $44.94 with a slight daily gain of 0.95%:
We previously reported that OKX has announced plans to implement an account abstraction mechanism in its wallet. More information on EIP-4337 itself can be found in our separate review. Note that Vitalik Buterin considers it an important element in the further development of cryptography.