OKEx burns OKB crypto worth $37.8M

TL;DR Breakdown OKEX burn more of its utility crypto, OKB.This is the 13th Buy-Back and Burn the exchange would do.OKB has been developed to serve many purposes via OKEx platform including C2C services. OKEx crypto exchange has announced the burning of over 2,320 OKB crypto (OKEx global utility cryptocurrency issued by OK Blockchain Foundation). In a press statement on Friday, the exchange noted that the OKB team commenced the 13th round of its Buy-Back & Burn program between June. 1, 2021, and August. 31, 2021. In this round, the total number of OKB bought back and burned from the secondary market was 2,320,679.53 OKB — equivalent to around $37.8 Million. The OKB Buy-Back & Burn program was initially launched on May 4, 2019, when 30 percent of the spot-market transaction fees was used to buy back tokens from the original pool of 300,000,000 OKB which were subsequently sent to a burning address that nobody can access. After its most recent burn, the exchange says it has burnt a total of 34,884,561.31OKB. The current OKB in circulation is 265,115,438.69 OKB. Many other diverse use of OKB crypto Towards continuously providing benefits to its many users, the OKB team said it partnered dozens of businesses and other partners to foster the application of OKB on the OKEx platform and within global partners’ ecosystems. The ecosystem has continued to expand to cover more areas and has benefited long-term OKB users in many wa...