Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: crypto1010 on March 02, 2020, 12:19:20 PM

Title: Value of Burned OKB Tokens Likely to Pass $100M
Post by: crypto1010 on March 02, 2020, 12:19:20 PM

(https://preview.redd.it/p3m8ktl268k41.jpg?width=1280&format=pjpg&auto=webp&s=b68e971f54eceb8f9e44e668233cb3196b1aebab)

Since around mid-2019, OKEx has been using 30% of fees to burn tokens. This has caused the token to appreciate almost 1,000% in 1 year.

The next token burn quarter is expected to end in less than a week.

Title: Re: Value of Burned OKB Tokens Likely to Pass $100M
Post by: masterrex on March 02, 2020, 01:22:50 PM

Thats how it was purposely done so it is nothing, just consider it gone. $100, $200 million worth of OKB tokens for me it doesn't matter anymore, OKB price was stabilized because of continued Burning of tokens that will drastically reduce its total supply so its a part of their business plan and we have nothing to do about it.