The OKB team commenced the 16th round of its Buy-Back & Burn program between March 1, 2022 and May, 31, 2022. In this round, the total number of OKB bought back and burned from the secondary market was 3,755,642.45 OKB — equivalent to around $68 Million (Calculated at a 90-day average price) — which has been transferred to a dedicated burning address.
The OKB Buy-Back & Burn program was initially launched on May 4, 2019, OKX started to buy back OKB tokens from the original supply of 300,000,000 OKB every 3 months according to the seasonal market and operating performance — which were subsequently sent to a burning address that nobody can access.
As of today, we have burned a total of 43,611,908.12 OKB. The current OKB in circulation is 256,388,091.88 OKB.
The burning address for the token burn is as follows:
https://www.oklink.com/eth/address/0xff1ee8604f9ec9c3bb292633bb939321ae861b30
The burned OKB record is as follows:
|
Burned Round |
Burn Report |
Period |
|
16th |
3,755,642.45 OKB |
2022.03.01-2022.05.31 |
|
15th |
2,536,277.49 OKB |
2021.12.01-2022.02.28 |
|
14th |
2,435,426.87 OKB |
2021.9.1~2021.11.30 |
|
13th |
2,320,679.53 OKB |
2021.6.1-2021.8.31 |
|
12th |
2,008,753.54 OKB |
2021.3.1-2021.5.31 |
|
11th |
2,006,412.69 OKB |
2020.12.1-2021.2.28 |
|
10th |
4,060,773.48 OKB |
2020.9.1-2020.11.30 |
|
9th |
3,816,358.49 OKB |
2020.6.1-2020.8.31 |
|
8th |
3,509,874.52 OKB |
2020.3.1-2020.5.31 |
|
7th |
3,183,344.61 OKB |
2019.12.1-2020.2.29 |
|
6th |
5,945,273.91 OKB |
2019.9.1-2019.11.30 |
|
5th |
6,104,047.53 OKB |
2019.6.1-2019.8.31 |
|
4th |
412,753.26 OKB |
2019.5.25-2019.5.31 |
|
3rd |
452,741.79 OKB |
2019.5.18-2019.5.24 |
|
2nd |
557,364.59 OKB |
2019.5.11-2019.5.17 |
|
1st |
506,183.39 OKB |
2019.5.4-2019.5.10 |
OKB ecosystem expansion
In order to continuously provide benefits to our millions of users, the OKB team has joined hands with dozens of businesses and other partners to foster the application of OKB on the OKX platform and within global partners’ ecosystems.
OKB's ecosystem continues to expand to cover more areas and has benefited long-term OKB users in a multitude of ways:
- Expansion of platform privileges
- Trading fee discounts
- OKX Jumpstart
- OKB Savings
- OKB Buy-Back & Burn
- Diverse ecosystem applications
Currently, the OKB ecosystem has developed 80 applications worldwide — covering payments, transactions, wallets, loans and financial management, technical security, tourism, life services, entertainment, social networking, electronic contracts and C2C services.
OKB holders can also enjoy first-class security services, mortgage-lending services, various wallet services, online and offline shopping payment services, hotel reservation services and more, through the utilization of OKB.
As a distinguished OKB holder, you can access a diverse OKB ecosystem listed below:
|
OKB ecosystem |
|||||
|
Security services |
Slow Mist |
Beosin |
CertiK |
Safeguard |
|
|
Supports security payment services in OKB |
Supports security payment services in OKB |
Supports security payment services in OKB |
Provides code audit services |
|
|
|
Financial services |
Molecular Future |
Constant |
LinkEye |
NerveNetwork |
|
|
Supports OKB in collateral and loan services |
Supports OKB in collateral and loan services |
Supports OKB in collateral and loan services |
Supports OKB cross-chain staking |
|
|
|
Wallet services |
Ledger |
Bitpie |
Mirthril |
ZeLCore |
Coinomi |
|
Supports OKB storage services |
Supports OKB storage services |
Supports OKB storage services |
Supports OKB storage services |
Provides 168 fiat trading and storage services |
|
|
Kcash |
Cobo |
Dapp Pocket |
Infinito Wallet |
Gurada |
|
|
Supports OKB storage services |
Supports OKB storage services |
Supports OKB storage services |
Supports OKB storage services |
Supports OKB storage and trading services |
|
|
Blocto |
Cool Wallet |
Hoo |
Mercuryo |
BuyUcoin |
|
|
Supports OKB storage services |
Supports OKB storage services |
Supports OKB storage services |
Supports OKB purchases in EUR, USD and RUB |
Supports OKB storage and trading services |
|
|
MeconCash |
Hyperpay |
Coinify |
Ellipal |
Turestee |
|
|
Enables Korean won withdrawal from ATM using OKB |
Supports OKB storage services |
Supports OKB payment with a global network over 120.000 merchants |
Supports OKB storage and trading services |
Supports OKB storage and trading services |
|
|
Math Wallet |
|
|
|
|
|
|
Supports OKB storage services and cross-chain trading |
|
|
|
|
|
|
Transaction services |
Maxhi X |
SWFT Blockchain |
Dimension |
DappBirds |
MyWish |
|
Supports music copyright purchases in OKB |
Supports OKB cross-chain trading and transaction aggregation |
Supports OKB to send red envelopes |
Supports OKB payment in more than 4,000 DApps |
Provides smart contract services |
|
|
Linka |
Enjin |
Saturn Network |
Aeron |
FishChain |
|
|
Supports OKB for store payment |
Supports in-game assets storage and trading |
DEX and contract trading |
Supports OKB to purchase aeronautical products |
Supports OKB to buy game props |
|
|
Shopping services |
Cryptomall |
QLC Chain（Q Wallet） |
TrueChain |
LITEX |
BiYong |
|
Supports OKB to purchase millions of commodities |
Supports OKB to make mobile service payments |
Supports OKB for store payments |
Supports OKB to make mobile and gas service payments |
Supports OKB deposits |
|
|
MixMarvel |
BetProtocol |
Flipside |
NOWPayments |
|
|
|
Supports OKB in-game deposits |
Supports OKB for in-game bets |
Provides trading data query and analysis services |
Supports OKB payments |
|
|
|
Online payment |
BitTorrent |
Tripio |
BITKAN |
AIchemy |
Firmachain |
|
Supports OKB to purchase online content services |
Supports OKB to reserve 450,000 hotels worldwide |
Supports OKB to purchase online content services |
Supports OKB to make global payments |
Supports OKB for payments to sign blockchain electronic contracts |
|
- Fiat trading channels
As of today, the OKB team has opened nine fiat trading channels — including the Euro, Russian ruble, Korean won, Vietnamese dong and Indonesian rupee. More than 60 trading platforms — including OKCoin Japan, Bitfinex and BitMax — added OKB trading pairs, covering 154 countries and regions.
The OKB team will continue to cultivate a strong connection with its global supporters while listening to their feedback for future improvements. It is committed to offering first-class services to users and creating strong synergies with multiple blockchain industry partners.
If you have any comments or suggestions, please feel free to contact us:
Email: okb@OKX.com
Telegram (English): https://t.me/OKXOfficial_English
Best regards,
OKX Team
June, 2022
