đ„ Is 80% of $BTTC Really Burned? Letâs Clear the Smoke!
Thereâs been a lot of buzz across the crypto community about massive $BTTC burns, with some even claiming that 80% of the supply is gone. But what do the numbers really say? Letâs break it down:
đ The Facts You Need to Know
1ïžâŁ From BTT â $BTTC â BitTorrent went through a redenomination, converting âold BTTâ (BTTOLD) to the new BTTC token. During that swap, a huge chunk of the old supply was permanently burned.
2ïžâŁ How Much Burned? Verified reports show about ~58â60% of the old supply (â 580Bâ600B tokens out of 990B) has been destroyed.
3ïžâŁ What Does Burn Mean? Burned tokens are sent to inaccessible addresses, meaning theyâre out of circulation forever. In this case, most burns were tied to the token swap and redenomination process.
â ïž The Misunderstanding
There is no credible confirmation that 80% of all BTTC supply has been burned. Many are confusing the ~60% old supply burn with current circulating supply dynamics.
â The Real Picture
Instead of hype, the reality is already strong: $BTTC has successfully reduced its total legacy supply, making it leaner and more structured for future ecosystem growth. But claims of 80% burn are exaggerated beyond official records.
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