Well, let's talk about launching a rocket! The OKB token, which is the native token of the OKX crypto exchange, is having a great day. OKB rose by a huge 180% to $143 on Wednesday. And why? Thanks to OKX's big news about changing its tokenomics model, this is all happening. Let's take it apart.
The Big Burn and the Smart Contract Overhaul
First, the exchange said it would burn about 65.26 million OKB tokens. OKX has these tokens in its company reserves, which it got through past buyback programs. The total supply of OKB will be limited to 21 million after this one-time burn. That's right, you can't make any more tokens. This move will probably make the other OKB tokens worth even more. I think this will have a big effect on supply and demand.
But that's not all. OKX will also improve the OKB smart contract. This will stop both minting and manual token burns, which means that the total supply is now set in stone for all time. A lot of people are going to think this is a very positive move.
And if you thought that was it, think again. OKX also wants to stop OKTChain, and any OKT tokens that are already out there will be changed to OKB. The average closing prices between July 13 and August 12, 2025, will be used to set the exchange rate for the conversion. You still have time to make changes because OKTChain will be live until January 1, 2026.
I think OKB is getting ready to make some serious long-term money. Since there is a limited supply and minting has stopped, scarcity will make the price go up. You might want to start paying attention to OKB now if you haven't already.
Gunel Ismayilova
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