OKB Burn and Upgrade Specific Timeline: Burn on August 15th, Smart Contract Upgrade on August 18th

By: theblockbeats.news|2025/08/13 16:11:58

0

Share

copy

BlockBeats News, August 13, according to an official announcement from OKX, the specific timetable (Beijing Time) for the completion of X Layer's PP upgrade and the launch of the OKB Gas Token economic model optimization is as follows:

August 13, 2:10 PM: OKT trading will be suspended on the OKX trading platform, while OKTChain will continue to produce blocks and process on-chain transactions as usual

August 13, 3:00 PM: OKX trading platform will stop OKB withdrawals to ETH L1

August 15, 10:00 AM: The platform will automatically convert users' OKT holdings to OKB according to the rules

August 15, 2:00 PM: One-time destruction of OKB, followed by on-chain burning through a smart contract

August 18, 2:00 PM: Upgrade of the OKB Smart Contract to remove minting and burning functionalities

You may also like

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

One cannot rely on macro narratives like "Gold Rotation" to determine whether Bitcoin has bottomed. True bottom signals will only appear during position unwinding and extreme pessimistic sentiment.

Aave Founder: What Is the Secret of the DeFi Lending Market?

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

Stripe and PayPal are shifting from payment tools to AI business infrastructure, competing to become the default engine for AI transactions.

Bloomberg: Aid Turkey Freeze $1 Billion Assets, Tether Remakes Compliance Boundary

Bloomberg: Aid Turkey Freeze $1 Billion Assets, Tether Remakes Compliance Boundary

By the end of 2025, Tether and its competitor Circle had blacklisted around 5700 wallets, involving assets of around $2.5 billion.

Polymarket vs. Kalshi: The Full Meme War Timeline

Polymarket vs. Kalshi: The Full Meme War Timeline

The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.

Russian-Ukrainian War Prediction Market Analysis Report

Russian-Ukrainian War Prediction Market Analysis Report

By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

What Have Foreigners Been Most Interested in the Last 24 Hours?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse

What on earth is the CFTC up to?

AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)

AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)

Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.

Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?

Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?

How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

The Israeli military is hunting a mole on Polymarket

「The suspect's behavior has posed a significant operational risk and will be charged with serious security offenses.」

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

Coinbase reports $1.8B in total revenue in Q4 2025, with a $667M loss leading to a sharp drop in stock price.

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

One cannot rely on macro narratives like "Gold Rotation" to determine whether Bitcoin has bottomed. True bottom signals will only appear during position unwinding and extreme pessimistic sentiment.

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

Popular coins

Latest Crypto News

00:01

Metaplanet Annual Financial Report: HODLing Results in $6.658 Billion Loss, but Balance Sheet Still "Strong"

BlockBeats News, February 16th, Bitcoin treasury company Metaplanet released its 2025 fiscal year financial report on Monday, reporting a net loss of 95 billion yen (approximately $6.19 billion) for the year ended December 31st, compared to a net profit of 4.44 billion yen (approximately $28.9 milli...

00:01

The X Platform is gradually recovering from the downtime.

BlockBeats News, February 16, X Platform (Twitter) is currently gradually recovering from the outage.

00:01

Multi-chain Lending Protocol ZeroLend Announces Gradual Shutdown, Advises Users to Withdraw Funds Promptly

BlockBeats News, February 16th, the cross-chain lending protocol ZeroLend officially announced:After three years of building and operating the protocol, the team has made a difficult decision: to gradually cease operations. Despite the team's continuous efforts, the current state of the protocol is ...

00:01

USD Short Positions Hit 14-Year High

BlockBeats News, February 16th, the latest Foreign Exchange and Interest Rate Sentiment Survey from Bank of America shows that the USD positioning in February has turned the most negative in over 14 years. The USD short position is currently at its highest level since January 2012 (the earliest avai...

19:13

Metaplanet achieved a revenue of 8.905 billion yen in the 2025 fiscal year, representing a year-over-year growth of 738.3%.

BlockBeats News, February 16th, Metaplanet Inc. disclosed in its latest financial report that the company has become Japan's largest Bitcoin holder, holding 35,102 bitcoins as of the end of 2025, accounting for approximately 0.16% of the global Bitcoin supply and ranking fourth in the global public ...