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OKB Buy-Back & Burn Report (2022.12.01–2023.02.28)
The OKB team commenced the 19th round of its Buy-Back & Burn program between December 1st, 2022 and Feb, 28th, 2023. In this round, the total number of OKB bought back and burned from the secondary market was 5,183,976.43 OKB — equivalent to around $177 Million (Calculated at a 90-day average price).
The OKB Buy-Back & Burn program was initially launched on May 4, 2019, OKX started to buy back OKB tokens from the original supply of 300,000,000 OKB every 3 months according to the seasonal market and operating performance — which were subsequently sent to a burning address that nobody can access.
As of today, we have burned a total of 58,545,001.93 OKB. The current OKB in circulation is 241,454,998.07 OKB.
The burning address for the token burn is as follows:
https://www.oklink.com/eth/address/0xff1ee8604f9ec9c3bb292633bb939321ae861b30
The burned OKB record is as follows:
| Burned Round | Burn Report | Period |
| 19th | 5,183,976.43 OKB | 2022.12.01–2023.02.28 |
| 18th | 4,988,637.56 OKB | 2022.09.01-2022.11.30 |
| 17th | 4,760,479.82 OKB | 2022.06.01-2022.08.31 |
| 16th | 3,755,642.45 OKB | 2022.03.01-2022.05.31 |
| 15th | 2,536,277.49 OKB | 2021.12.01-2022.02.28 |
| 14th | 2,435,426.87 OKB | 2021.9.1~2021.11.30 |
| 13th | 2,320,679.53 OKB | 2021.6.1-2021.8.31 |
| 12th | 2,008,753.54 OKB | 2021.3.1-2021.5.31 |
| 11th | 2,006,412.69 OKB | 2020.12.1-2021.2.28 |
| 10th | 4,060,773.48 OKB | 2020.9.1-2020.11.30 |
| 9th | 3,816,358.49 OKB | 2020.6.1-2020.8.31 |
| 8th | 3,509,874.52 OKB | 2020.3.1-2020.5.31 |
| 7th | 3,183,344.61 OKB | 2019.12.1-2020.2.29 |
| 6th | 5,945,273.91 OKB | 2019.9.1-2019.11.30 |
| 5th | 6,104,047.53 OKB | 2019.6.1-2019.8.31 |
| 4th | 412,753.26 OKB | 2019.5.25-2019.5.31 |
| 3rd | 452,741.79 OKB | 2019.5.18-2019.5.24 |
| 2nd | 557,364.59 OKB | 2019.5.11-2019.5.17 |
| 1st | 506,183.39 OKB | 2019.5.4-2019.5.10 |
The OKB team will continue to cultivate a strong connection with its global supporters while listening to their feedback for future improvements. It is committed to offering first-class services to users and creating strong synergies with multiple blockchain industry partners.
If you have any comments or suggestions, please feel free to contact us:
Email: okb@okx.com
Telegram (English): https://t.me/OKXOfficial_English
Best regards,
OKB Team
March, 2023
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