Announcement of First OCE Burn

2 min readOct 18, 2019

To thank all OCE holders’ continuous support and empower the OCE global ecosystem, we are pleased to announce our First OCE Burn of removing 341,839,837.6 OCE from a 10,000,000,000 total market supply.

From this quarter, OceanEx will burn OCE revenues until the total circulating supply of OCE is reduced to 7 billion. Please stay tuned.

What is OCE?

OCE is a platform utility token distributed by OceanEx. The total token supply of OCE is 10,000,000,000 and its circulating supply was 3,833,853,987 before. After the First OCE Burn, its circulating supply was reduced to 3,492,014,149.4.

The Details of First OCE Burn

OCE Burn Amount: 341,839,837.6. The burn amount includes 2019 Q3 OCE Burn (334,959,837.6) and part of 2019 Q4 OCE Burn (6,880,000).
2019 Q3 OCE Burn includes: (1) trading fee in OCE from all OCE related trading pairs; (2) withdrawal fee in OCE; (3) OCE received from Trading Fee Discount program from 31st Mar to 30th Sep, 2019.
Part of 2019 Q4 OCE Burn includes: all the OCE received fromTurbo’s first project — XMX.

Burn Address: 0x0ce0000000000000000000000000000000000000

Burn Record: https://explore.veforge.com/transactions/0xa2ec1f6d08e19f8c4c0fc008e2b57af5a18f772e1caa6a995376d2e9d4ad1859/clauses

Thanks for your support to OCE’s ecosystem.

OceanEx Team

Oct/18/2019

Please stay tuned and follow us on our official channels:

Twitter — https://twitter.com/OceanexOfficial

Telegram — https://t.me/OceanEx_Official

Telegram Germany — https://t.me/OceanEx_German_Official

Telegram Dutch — https://t.me/oceanexNL_dutch_official

Telegram Vietnam — https://t.me/OceanEx_Vietnam_Official

Telegram Mandarin — https://t.me/OceanEx_Mandarin_Official