The post OKX Sets a New Record: Burns 6.14 Million OKB Tokens in the 21st Repurchase! appeared first on Coinpedia Fintech News
Crypto exchange OKX has conducted its 21st repurchase and burning of its native token OKB, with approximately 6.14 million tokens burned, worth around $255 million. This has set a new record for the value of OKB burned. OKX had previously stated that the token would be burned based on seasonal market and operating performance but had not disclosed specific rules around the process. The exchange has been regularly burning OKB since May 2019 as part of its efforts to increase the token’s value and stabilize its market.
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks