🔥 Is there a burn mechanism for BTT/BTTC?
Yes, but it’s important to distinguish between two types of burns:
1️⃣ Operational burn via the bridge
When certain assets are withdrawn from the BTTC network to their native network, tokens on BTTC may be burned as part of the transfer mechanism, after which the process is completed on the other network. This burn is operational and does not necessarily permanently reduce the total supply.
2️⃣ Economic burn of BTT
There are initiatives to buy back and burn BTT using a portion of revenue from decentralized services, with the goal of reducing the circulating supply over the long term. The transactions can be verified on-chain.
⚠️ Important: A burn alone does not automatically mean the price will rise. Its impact depends on the size of the burn relative to the supply, as well as demand, liquidity, and activity on the BTTC network.
#BTTC. #Binance #كربتو
Yes, but it’s important to distinguish between two types of burns:
1️⃣ Operational burn via the bridge
When certain assets are withdrawn from the BTTC network to their native network, tokens on BTTC may be burned as part of the transfer mechanism, after which the process is completed on the other network. This burn is operational and does not necessarily permanently reduce the total supply.
2️⃣ Economic burn of BTT
There are initiatives to buy back and burn BTT using a portion of revenue from decentralized services, with the goal of reducing the circulating supply over the long term. The transactions can be verified on-chain.
⚠️ Important: A burn alone does not automatically mean the price will rise. Its impact depends on the size of the burn relative to the supply, as well as demand, liquidity, and activity on the BTTC network.
#BTTC. #Binance #كربتو