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