Bitgert Updates: Millions of Bitgert Tokens Are Being Burned Every Hour
For the last two days, the Bitgert team has been updating the crypto community on the massive burns of its token. The burning of the Brise token has been happening, with millions of tokens being burnt every hour. As many as 50 million tokens are being burned every hour, and it has excited the crypto community.
Billions of Brise tokens have been burned over the last few days, which has drastically reduced supply. This explains why Bitgert price has been doing pretty well over the last few days when the market has been bearish. Compared to the performance of the global market, Bitgert price has been doing well.
The burning of the token is one of the key factors in the growth of this coin’s demand. By reducing the supply, the demand for the coin is growing bigger. This means the price of the Brise coin is increased as the supply reduces. That’s why most crypto holders on the Bitgert project have been asking about token burning.
Bitgert Has An Auto-Burn Contract
Unlike most of the cryptocurrencies that have a manual burn, Bitgert is one of the few coins that have automated their token burning. The team has designed a contract that collects 3% of every transaction on the Bitgert ecosystem. This amount is collected, and it buys an equivalent of Bitgert BRISE tokens out of the supply.
Unlike manual burning, automated burning leaves no room for manipulation of the burning process. Therefore, the Bitgert burning is 100% free of manipulation, which is one of the reasons Brise coins have responded positively to the ongoing burns.
With every transaction sending 3% of the amount spent to the burn wallet, we expect billions of Bitgert coins to be burned in the next few days. This is as the number of transactions on Bitgert increases. The growing adoption of Brise products and projects will be a major factor driving this growth.
Why This Token Burn Matters
As mentioned, the token burn has a major impact on the price performance of the burnt token. A reduction in supply usually leads to a rise in demand and the impact of a rise in price. This is why the Bitgert community is excited about it.
The burn means that $BRISE will keep doing well, which includes withstanding the bear market conditions. That’s why Bitgert holders are very excited about the ongoing token burning because it means a stable crypto coin and a higher potential to make better profits.
The post Bitgert Updates: Millions of Bitgert Tokens Are Being Burned Every Hour appeared first on Analytics Insight.
For the last two days, the Bitgert team has been updating the crypto community on the massive burns of its token. The burning of the Brise token has been happening, with millions of tokens being burnt every hour. As many as 50 million tokens are being burned every hour, and it has excited the crypto community.
Billions of Brise tokens have been burned over the last few days, which has drastically reduced supply. This explains why Bitgert price has been doing pretty well over the last few days when the market has been bearish. Compared to the performance of the global market, Bitgert price has been doing well.
The burning of the token is one of the key factors in the growth of this coin’s demand. By reducing the supply, the demand for the coin is growing bigger. This means the price of the Brise coin is increased as the supply reduces. That’s why most crypto holders on the Bitgert project have been asking about token burning.
Bitgert Has An Auto-Burn Contract
Unlike most of the cryptocurrencies that have a manual burn, Bitgert is one of the few coins that have automated their token burning. The team has designed a contract that collects 3% of every transaction on the Bitgert ecosystem. This amount is collected, and it buys an equivalent of Bitgert BRISE tokens out of the supply.
Unlike manual burning, automated burning leaves no room for manipulation of the burning process. Therefore, the Bitgert burning is 100% free of manipulation, which is one of the reasons Brise coins have responded positively to the ongoing burns.
With every transaction sending 3% of the amount spent to the burn wallet, we expect billions of Bitgert coins to be burned in the next few days. This is as the number of transactions on Bitgert increases. The growing adoption of Brise products and projects will be a major factor driving this growth.
Why This Token Burn Matters
As mentioned, the token burn has a major impact on the price performance of the burnt token. A reduction in supply usually leads to a rise in demand and the impact of a rise in price. This is why the Bitgert community is excited about it.
The burn means that $BRISE will keep doing well, which includes withstanding the bear market conditions. That’s why Bitgert holders are very excited about the ongoing token burning because it means a stable crypto coin and a higher potential to make better profits.
The post Bitgert Updates: Millions of Bitgert Tokens Are Being Burned Every Hour appeared first on Analytics Insight.
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