Crypto currency exchange OKX, Blockchain inside According to the data, 278,999,999 pcs burned OCD permanently. The value of coins burned with current market price is over 26 billion dollars. The stock market did it on Wednesday in the announcement He announced that approximately 65.26 million coins that accumulated from past reproductions and kept in reserves would be burned and that the tokenomic model was renewed. With burning OKB‘s total supply fell from 300 million to 21 million units. After the announcement, the price of OKB Coin increased above $ 120, but then decreased to about $ 96.
Details of 26 billion dollars of OKB Coin burning
In -Blockchain Records Coin BurningN shows that it takes place at one time and permanently. Thus, a new supply ceiling in OCD was actually shaped as 21 million units. The market effect was fast. After the announcement, there was a harsh rise in Altcoin and then the price was retreated. CryptoappsyAccording to the live price page of OKB, Coin burning in the first reaction to $ 120 climbed and then found around $ 96. For now, Altcoin’s Blockchain market value is about $ 2 billion.
Researcher and flashbots strategy Leader“The market is still exaggerating the real circulating supply of many Coins. In some examples, this difference is dramatic,” he said. Hasu pointed out the sensitive relationship between the hard narrowing of the supply in Coins and the price response. Indeed, the perception of limited supply in the crypto money market can enlarge short -term price movements.
Oktchain and smart contract updates
Coin burning made within the scope of the renewed model was accompanied by a change in OCD’s smart contract. Coin Printing Function and Manual Coin burns were removed from the contract. With this change, the uncertainty on the supply side was reduced. TEXTRACTING NETWORK Oktchain was terminated. The network will continue to work until January 1, 2026.
Within the scope of the termination of Oktchain OKT CoinThe transformation of the OCD to OCD was made at the exchange rate determined according to the average closing prices between July 13 and 12 August. Thus, ecosystem beings were simplified by OCD -oriented.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
