TechFlow News — On June 9, OKX announced its 20th OKB buyback and burn. This buyback cycle ran from March 1, 2023 to May 31, 2023, during which a total of 5,497,312.77 OKB tokens were repurchased from the secondary market and permanently burned, valued at approximately $258 million (based on the 90-day average price). The tokens have been sent to the designated black hole address.
To date, OKX has cumulatively burned 64,042,314.70 OKB tokens. The current circulating supply of OKB stands at 235,957,685.30. Since May 4, 2019, OKX has conducted quarterly buybacks and permanent burns of OKB based on market conditions and operational performance each quarter, applied to the total issuance cap of 300 million OKB tokens.
The black hole address for OKB buyback and burn is:
https://www.oklink.com/eth/address/0xff1ee8604f9ec9c3bb292633bb939321ae861b30
