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X Layer upgrade and OKT/OKB asset handling FAQ
After the burn, all OKB transferred to the black hole address will be automatically burned, manual OKB burns will stop, and the total supply of OKB will be fixed at 21 million.Will OKT deposits now also be exchanged at the same average closing price? Yes. OKTChain will continue operating until January 1, 2026. Before this date, you can deposit OKT to the platform at any time.Published on Aug 13, 2025Updated on May 29, 202630Why is my deposit/withdrawal suspended?
This process often involves a token swap, whereby the old tokens are exchanged for the new ones and burned. Consequently, mainnet migration is a high priority for most projects. If I encounter this situation, what should I do? We'll be keeping a close eye on the upgrade/maintenance process. Upon completion, we'll resume our service immediately.Published on Aug 31, 2023Updated on May 29, 20261,047
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