🔍 $BTTC Token Burn Explained: Separating Fact from Fiction

1️⃣ BTT → BTTC Redenomination & Burn

BitTorrent (BTT) converted "old BTT" (BTTOLD) to the new BTTC token. As part of this, a large portion of the old supply was burned — roughly 52.9% of 990 billion BTTOLD.

2️⃣ Current Burn Reports

Reliable sources report that ~58–60.4% of the original BTT supply has been destroyed (~580–600 billion tokens out of ~990 billion).

3️⃣ What “Burned” Actually Means

Burned tokens are sent to addresses where they cannot be used or circulated. In BTTC’s case, many burns occurred during redenomination — tokens not swapped or intentionally retired.

⚠️ What Is Often Misreported

There’s no credible confirmation that 80% of the new BTTC supply has been burned.

Some sources misinterpret ~60% of old BTT burned as 80% of total BTTC — this is incorrect.

Redenomination burns differ from standard deflationary burns and may not immediately reduce circulating supply.

✅ Conclusion

The official burn is closer to ~58–60% of old BTT, not 80% of BTTC. Accuracy matters when tracking tokenomics.

#BTTC #CryptoFacts #TokenBurn #Binance #MarketUptober