OKXChain Aims for Sustainable Growth through OKT Production Reduction

02/24/2023 10:08 • NFT Newsflash • 128 views

It is reported that according to the tweet released by okxchinese, as an advanced public chain based on Cosmos and compatible with EVM/IBC, OKXChain plans to achieve sustainable growth through OKT production reduction. At present, the output of each OKC block is 0.5OKT. When the block height reaches 18123000 (March 18), it will be adjusted to 0.125. Then it will be halved every 9 months, and the total supply will be reduced to 21 million in 2028.

OKXChain officially released OKT production reduction plan

Interpret the above information:

The tweet released by okxchinese revealed the strategy of OKXChain, an advanced public chain based on Cosmos and compatible with EVM/IBC. The strategy involves reducing the production of OKT or OKXChain’s native token in order to achieve sustainable growth.

Currently, the output of each OKC block is 0.5OKT, but this will be adjusted to 0.125 once the block height reaches 18123000 by March 18. Thereafter, the production of OKT will be halved every 9 months until the total supply is reduced to 21 million in 2028.

This move by OKXChain may seem counterintuitive to some, as reducing the supply of OKT may lead to an increase in its price, which may seem advantageous for early adopters or holders. However, OKXChain’s focus is on long-term sustainability and viability, rather than short-term gains.

By reducing the supply of OKT, OKXChain hopes to regulate its price and prevent it from being subject to wild fluctuations or volatility that may hamper its adoption as a medium of exchange or store of value. It also aims to promote the use of OKT in its ecosystem and incentivize the development of dApps or decentralized applications that leverage its capabilities.

Furthermore, the reduction in OKT supply may encourage holding or staking, which may lead to a more stable and secure network. It may also deter speculation or pump-and-dump schemes, which may harm the integrity and reputation of the network.

Overall, OKXChain’s strategy of reducing OKT production to achieve sustainable growth is a bold move that requires a long-term perspective and a deep understanding of the dynamics of blockchain economics. Whether it will succeed or not remains to be seen, but it is a refreshing departure from the hype-driven and often myopic mentality of many cryptocurrency projects.

In conclusion, OKXChain’s focus on sustainability, stability, and long-term value creation may set it apart from its peers and establish it as a leader in the growing ecosystem of blockchain-based platforms and applications.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/3027.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

OKXChain Aims for Sustainable Growth through OKT Production Reduction

OKXChain officially released OKT production reduction plan

Related recommendations

The ora…