Cryptocurrency Q&A
What is the max supply of coins in Bitgert?
What is the max supply of coins in Bitgert?
BlockchainWizardGuard
Wed Jul 31 2024
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7 answers
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Could you please elaborate on the maximum supply of coins in Bitgert? I'm curious to know if there's a cap on the total number of coins that can be mined or issued, and if so, what that cap is. Additionally, I'm interested in understanding how this maximum supply might impact the value and scarcity of Bitgert coins in the future. Can you provide any insights or explanations on these points?
7 answers
WhisperWindLight
Fri Aug 02 2024
Bitgert's (BRISE) tokenomics feature a unique approach to supply management. The BRISE coin boasts a maximum supply cap of 1 quadrillion, indicative of its vast potential. However, the total supply currently stands at 427 trillion, highlighting a strategic distribution plan.
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Michele
Fri Aug 02 2024
At the core of this distribution lies an initial burn of 50% of the total coins. This bold move aims to reduce the overall supply, thereby increasing scarcity and potentially enhancing the coin's value proposition.
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SejongWisdom
Fri Aug 02 2024
Beyond the initial burn, the remaining coins are distributed in a manner that promotes both decentralization and community engagement. This approach ensures that a diverse range of stakeholders, including investors, miners, and developers, are incentivized to support the Bitgert ecosystem.
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lucas_emma_entrepreneur
Fri Aug 02 2024
The strategic distribution of BRISE coins also takes into account the long-term growth of the project. As the Bitgert ecosystem expands, new coins may be minted to fund development and marketing efforts, further bolstering the project's sustainability.
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CharmedSun
Thu Aug 01 2024
Additionally, the tokenomics of BRISE incorporate mechanisms to discourage speculation and promote stability. For instance, coin holders may be subject to holding periods or other restrictions that discourage short-term trading and encourage long-term investment.
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