On August 13, according to data recorded and compiled by BlockBeats:
In 2018, when OKB was issued, the total supply was announced as 1 billion, with an initial issuance of 300 million.
On February 10, 2020, OKX (then OKEx) announced the launch of the OKChain testnet and burned 700 million unCirculated OKB. At the time of the OKChain testnet launch, 13,978,364 OKB had been burned, with a circulating supply of 286,021,636 tokens.
OKB rose 36.5% that day, reaching a high of $7.4 within 6 days, with a total increase of approximately 90%.
Since May 4, 2019, OKB has been burned 28 times, with a cumulative burn of 213,743,286 tokens.
BlockBeats previously reported that OKX announced today it will burn 65.25 million OKB from historical buybacks and reserves on August 15, fixing the total issuance at 21 million.
