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

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

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

August 13th, 3:00 PM: OKX exchange will stop OKB withdrawals to ETH L1

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

August 15th, 2:00 PM: One-time destruction of OKB tokens, and the smart contract will be invoked to perform on-chain destruction

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

Upon inquiry by BlockBeats, OKX stated that the announcement execution (August 15th, 2:00 PM) involves the automatic burn of tokens to a burn address and did not commit/indicate a specific time for the transfer to the burn address.