OKB 12th Buyback and Burn Report (March 1 – May 31, 2021)

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The 12th quarterly buyback and burn cycle for OKB was successfully completed from March 1 to May 31, 2021. During this period, a total of 2,008,753.54 OKB tokens, valued at approximately $36.15 million (based on the 90-day average price), were repurchased from the secondary market and permanently burned by sending them to a designated "black hole" address. This marks another significant milestone in OKB’s ongoing commitment to value creation and long-term sustainability.

Since its inception on May 4, 2019, OKB has implemented a transparent and consistent token deflation mechanism. OKX, the global cryptocurrency exchange behind OKB, allocates 30% of its spot trading fees to regularly buy back and destroy OKB tokens. With a fixed total supply of 300 million OKB, this systematic burn process directly reduces circulating supply, aiming to enhance scarcity and long-term value for holders.

As of this report, the cumulative amount of burned OKB has reached 32,563,881.78 tokens, reducing the current circulating supply to 267,436,118.22 OKB.

🔍 OKB Burn Address Verification

All burned tokens are sent to an irreversible, publicly verifiable Ethereum address known as the "black hole":

0xff1ee8604f9ec9c3bb292633bb939321ae861b30

This address is non-spendable and can be independently audited via blockchain explorers such as Etherscan or OKLink, ensuring full transparency and trust in the burn process.

📊 Historical OKB Buyback & Burn Summary

Below is a detailed summary of all previous OKB burn events:

👉 Discover how token burns can boost long-term investment returns.

🚀 Expanding Utility: OKB Platform Benefits

Aligned with its mission to continuously create value for users, the OKB ecosystem continues to grow through enhanced platform integration and utility expansion across the OKX ecosystem.

Today, OKB holders enjoy access to over 15 internal platform benefits, including:

These features reinforce OKB’s role not just as a utility token but as a foundational asset within a growing Web3 ecosystem.

🌍 Global Ecosystem Adoption

Beyond exchange-level utilities, OKB has expanded into real-world applications across multiple industries worldwide. Currently, over 80 ecosystem partners accept or integrate OKB in meaningful ways across sectors such as:

🔐 Security & Infrastructure

💼 Wallet & Storage Support

💱 Payments & Transactions

🛍️ Lifestyle & Commerce

👉 See how you can use crypto in everyday life — start with OKB.

🌐 Multi-Currency Access & Global Reach

OKB is designed for global accessibility. Users can purchase it using multiple fiat currencies including:

Additionally, OKB is listed on over 60 cryptocurrency exchanges, serving users in more than 154 countries and regions. Its broad market presence ensures high liquidity and ease of access for both retail and institutional investors.

✅ Core Keywords Integration

This report naturally integrates key SEO terms essential for discoverability:

These keywords reflect common user search intents related to token economics, investment potential, and ecosystem development.

❓ Frequently Asked Questions (FAQ)

Q: What is the purpose of burning OKB tokens?

A: The burn mechanism reduces the total circulating supply of OKB over time. With a fixed max supply of 300 million, regular buybacks and burns aim to increase scarcity and support long-term value appreciation for holders.

Q: How often does OKX conduct OKB buybacks?

A: Buybacks occur quarterly. Every three months, 30% of spot trading fees collected by OKX are used to repurchase and burn OKB tokens on the open market.

Q: Where can I verify that the tokens were actually burned?

A: All burned tokens are sent to a publicly viewable Ethereum address: 0xff1ee8604f9ec9c3bb292633bb939321ae861b30. You can verify transactions using any blockchain explorer like Etherscan or OKLink.

Q: Does burning tokens affect the price of OKB?

A: While price is influenced by many factors including market sentiment and demand, the deflationary model creates structural scarcity. Historically, burn events have been positively received by the market as signals of commitment to user value.

Q: Can I participate in the burn process?

A: Individual users do not directly participate in burns. However, every time you trade on OKX using spot markets, you contribute to the fee pool that funds future buybacks—effectively helping drive the deflationary engine.

Q: Is there a limit to how many OKB tokens will be burned?

A: Yes. Since the total supply is capped at 300 million and no new tokens will ever be issued, burns will continue until all available supply from circulation is gradually reduced over time under the current policy framework.

The continued execution of the buyback and burn program underscores OKX’s dedication to sustainable growth and user-centric innovation. As adoption expands globally and utility deepens across decentralized finance and real-world applications, OKB remains positioned as a dynamic digital asset built for long-term relevance.

👉 Stay ahead in crypto — explore the future of tokenized ecosystems today.