OK 26th anniversary held today. UN Announced the completion of the Burn event.
OKX Completes 26th OKB Burn, Over 140 Million Tokens Burned To Date
During this event, 18,488,690.46 OKB tokens were permanently removed from circulation, reflecting the platform’s commitment to maintaining the token’s deflation mechanism.
Highlights
Event Period: September 1, 2024 to November 30, 2024.
Total Burned in This Cycle: 18,488,690.46 OKB.
Cumulative Burned: As of this burning, a total of 140,146,792.15 OKB tokens have been permanently removed from the supply.
What is OCD Burn?
The OKB burn is a deflationary initiative undertaken by OKX in which a portion of the circulating supply of OKB tokens is removed from the market. This mechanism aims to reduce supply, increase scarcity, and potentially increase the value of remaining tokens.
What is OCD?
OKB is the native utility token of the OKX ecosystem and provides its holders with a number of benefits such as low transaction fees, access to special features and participation in special events.
This latest burn highlights OKX’s commitment to its tokenomics strategy, which supports long-term value creation for OKB holders and the wider community.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-borsasi-okx-kendi-yerel-tokeninde-26-yakimi-gerceklestirdigini-duyurdu/
