Burning 5.9 million OKB coins … OKEx platform reveals new developments
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Answer Burning 5.9 million OKB coins … OKEx platform reveals new developments
according to data Buy back and burn OKB, which was issued on December 11, 2019, and 5,945,273.91 OKB were burned between September 1 and November 30, 2019.
OKB is an ERC-20 token created and managed by Malta-based crypto exchange OKEx.
The buyback and burn plan was launched in May to reduce the total supply of 300 million OKB currently.
The burn is made possible due to the 30% spot market transaction fee.
Since the start of the buyback and burning process an estimated 13,978,364.45 “OKB” have been burned.
A day earlier, the OKB Ecosystem Report for October-November 2019 was released.
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The report highlighted that “OKB” now ranks among the top 20 cryptocurrencies by market capitalization at the international level.
It provides a range of uses, which have been listed in 5 major markets worldwide, available to users, including “C2C”.
The report presented 11 uses of the “OKB” coin on the “OKEx” platform, among them the “OKEx Jumpstart” service, “OKB Trading market”, and “OKNodes”.
Where “OKB” holders and respective merchants can enjoy trading fee discounts.
In addition, “OKB” holders are allowed to purchase goods and services using the “OKB” token due to the partnerships that the project enjoys with companies operating in various fields, including:
Process payments, market data, wallet, lending, wealth management, cyber security, travel, lifestyle and entertainment apps.
Scaling the ecosystem is an important achievement in the pursuit of mass adoption for the entire blockchain industry.
“OKB” achieved international spread through the following lists:
- Listing on the “OKEx C2C” market.
- Listing on Bitsonic.
- Listing on the Probit platform in South Korea.
- Listing on the ALINIEX platform in Vietnam.
- Listing on the Bvnex platform in Vietnam.
- Listing on “Indodax” in Indonesia.
Among what OKB has achieved are the buyback report and the recent reported burn.
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It was also announced that the testnet of OKChain will soon be launched, and the first decentralized finance application “defi” from “OKEx” will be opened for use around the same time.
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