Dear valued customers,
From Sep 1 to Nov 30, 2019, the amount of OKB bought back and burned is 5,945,273.91. The bought-back OKB has been sent to a black-hole address for coin burn.
On May 4, 2019, we implemented Buy-back & Burn for the currently circulating 300 million OKB. We use 30% of the spot market transaction fee income to buy back OKB and send them to a ‘black hole’ address to burn. As of today, we have already burned a total of 13,978,364.45 OKB.
The black-hole address for coin burn is as follows:
OKB, a global utility token issued by the OK Blockchain Foundation, is designed by our top-notch team of developers based on blockchain technology and backed with a token economy model. OKB is designed to help connect high-quality innovative digital asset projects with global users and investors, fostering the development of the OKB ecosystem and the healthy development of the entire blockchain and crypto industry.
With the support of millions of global OKB supporters, OKB has received an astounding success. In order to continuously contribute to users and offer a better trading service, we are on the way to foster the ecosystem building, platform empowerment, expansion of trading application, public chain development and community development of OKB.
1. Building a comprehensive OKB ecosystem
In terms of ecosystem building, we are taking a two-pronged approach to optimize OKB’s ecosystem by ways of external cooperation and platform empowerment.
We have joined hands with 26 external partners to develop payment, market data, wallet, lending and wealth management, cybersecurity, travel, lifestyle, and entertainment applications.
As for platform empowerment, we have developed 11 OKB user cases on OKEx Jumpstart, OKB Trading Market and OKEx Cloud, as well as for OKB supporters and designated merchants to enjoy fee discounts. We are still upgrading OKB to empower our trading platform.
2. Expanding OKB’s global coverage
We are striving for increasing OKB’s global coverage while building its ecosystem. Except for listing on OKEx C2C market, OKB also supports fiat trading pairs like KRW, VND, and IDR on many overseas exchanges.
We have successively cooperated with Bitsonic and Probit in South Korea, ALINIEX and Bvnex in Vietnam, as well as Indodax in Indonesia to expand OKB’s overseas market.
3. OKB-based Public Blockchain System
OKChain, the public blockchain which OKB will be built upon, is targeted to provide users with a more comprehensive credit enhancement service. It will be launched soon after a successful beta.
DEx, OKChain’s first DeFi service, will also be launched.
4. Community Development
For community development, the OKB Telegram group covers hundreds of thousands of core users. We have listened to our users’ opinions to keep optimizing the development of OKB.
Between 1 November and 11 November, we launched a 10-day OKEx Global University Meetup Tour to promote OKB at the University of California, Berkeley, Columbia University, Harvard University, University of Southern California, and Yale University.
To further push the development of OKB, we need to build a comprehensive OKB ecosystem through collective efforts despite success at present.
Without your trust and support, we cannot take even a small step to develop OKB. We are dedicated to offering a first-class service for our users to share the growth together.
Should you have any comments or suggestions, please feel free to contact us:
Telegram (Chinese): t.me/OKExchinesegroup
Telegram (English): t.me/OKExOfficial_English
Dec 11, 2019