Since launching the monthly program, OKX has bought back and burned the most OKB, its exchange token.
Cryptocurrency Exchange OKX Burns 5.5 Million OKB Tokens
Approximately 5.5 million tokens (worth about $244 million) were taken out of circulation, according to data from Dune’s on-chain system that user @sankin gathered.
When the burn’s worth was determined using the 90-day average price, OKX claims it was roughly $258 billion. This broke yet another record for OKB value burned, according to Chinese reporter Colin Wu.
Burned OKB Tokens
According to OKX, OKB is a worldwide utility token released by the OKX Blockchain Foundation that grants holders access to discounts, special opportunities, and more. Since the procedure began in May 2019, the cryptocurrency exchange has burned 64,042,314.70 tokens.
About OKX
Innovative cryptocurrency exchange OKX offers cutting-edge financial services. To supply everything you need for intelligent trading and investment, they rely on blockchain technology.
You can enjoy an enormous selection of trading pairs and tokens with this platform. You can join one of the top cryptocurrency exchanges based on trading volume with OKX.
They provide services to millions of people in more than 100 nations. They offer services in mining, financing, derivate finance, futures, options, spot trading, and perpetual swaps.
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