OKB destruction and upgrade schedule: one-time destruction on August 15, upgrade of smart contract on August 18

ChainCatcher message, according to the announcement released by OKX, the specific timeline for the completion of the PP upgrade of X Layer and the launch of the OKB Gas Token economic model optimization (Beijing time) is as follows:

August 13, 2:10 PM: OKT will stop trading on the OKX trading platform, while OKTChain will continue to produce blocks and process on-chain transactions normally.

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

August 15, 10:00 AM: The platform will automatically exchange OKT in user accounts for OKB according to the rules.

August 15, 2:00 PM: A one-time burn of OKB will occur, and a smart contract will be called for on-chain destruction.

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