Okx concludes the 20th quarter of burning: so much OKB has been destroyed

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Von Krypto News Österreich

Die auf den Seychellen ansässige Kryptowährungsbörse OKX hat die 20. Runde ihres Buy-Back-and-Burn-Programms durchgeführt und dieses Mal fast 5,5 Millionen OKB-Token verbrannt. Einem Blogbeitrag zufolge belief sich die Gesamtzahl der vom Sekundärmarkt zurückgekauften und verbrannten OKB-Token auf 5.497.312,77, was im 90-Tage-Durchschnitt einem Wert von 258 Millionen US-Dollar entspricht. OKX verbrennt 5,5 Millionen OKB-Token Die Krypto-Börse startete im Mai 2019 das Buy-Back-and-Burn-Programm. Sie begann alle drei Monate mit dem Rückkauf von OKB aus dem ursprünglichen Bestand von 300 Millionen Token. Während für den Rückkauf keine spezifischen Regeln gelten, hängt der Rückkaufbetrag von der saisonalen Markt- und Betriebsleistung ab. Die 20. Runde …
The OKX cryptocurrency exchange based on the Seychelles carried out the 20th round of its Buy-Back-and-Burn program and this time burned almost 5.5 million OKB tokens. According to a blog post, the total number of the OKB token bought back from the secondary market was 5,497,312.77, which corresponds to a value of $ 258 million in the 90-day average. OKX burns 5.5 million OKB token The crypto exchange started the buy-back-and-burn program in May 2019. She started buying OKB from the original inventory of 300 million tokens every three months. While there are no specific rules for the buyback, the buyback amount depends on the seasonal market and operating performance. The 20th round ... (Symbolbild/KNAT)

The OKX cryptocurrency exchange based on the Seychelles carried out the 20th round of their buy-back-and-burst program and this time burned almost 5.5 million OKB token.

According to a blog post, the total number of the OKB token bought from the secondary market was 5,497,312.77, which corresponds to a value of $ 258 million in the 90-day average.

OKX burns 5.5 million OKB token

The crypto exchange started the buy-back-and-burn program in May 2019. She started buying OKB from the original inventory of 300 million tokens every three months. While there are no specific rules for the buyback, the surrender amount depends on the seasonal market and operating performance.

The 20th round of the program took place between March 1 and May 31, 2023. To date, OKX has burned a total of 64,042,314.70 OKB by sending it to an address that nobody can access, so that around 35,957,685 OKB are currently in circulation.

"The OKB team will continue to maintain a close connection to its global supporters and at the same time listen to their feedback for future improvements. It strives to offer users better services," said the crypto exchange.

It is noteworthy that the number of recently burned tokens is the third largest in the history of the destruction of OKX. The greatest value was 6.1 million burned OKB in the 5th round between June and August 2019. The second largest value was over 5.9 million in the 6th round between September and November 2019.

According to data from CoinmarketCAP, OKB was traded at $ 44.94 at the time of writing, which signals a slight increase in the last 24 hours.

OKX urges transparency

In addition to the destruction of OKB token to increase the value of the crypto asset and make it more attractive for owners, OKX was an important driving force for the introduction of crypto. The stock exchange has made efforts to promote the new industry standard for transparency and trust within the crypto ecosystem.

last month OKX published its seventh Proof-of-Reserve report (POR), which shows reserves of $ 10 billion in Bitcoin (BTC), Ether (Eth) and Tether (USDT). While the POR covered other widespread crypto-assets, it showed that BTC, ETH and USDT each had a reserve rate of 103 %. The stock exchange also enabled users to independently check their solvency using ZK-Stark-Technology.

The contribution "Okx closes the 20th quarter of the burn: so much okb was destroyed" first appeared on Cryptopotato.

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