#BitTorrent Chain ($BTTC ) has implemented specific token burn mechanisms to regulate its token supply and potentially enhance the value of remaining tokens. Notable examples include:
Redenomination Burn
➡ As part of the transition from the BTT token to BTTC, BitTorrent conducted a significant token burn, eliminating over 575 billion BTT tokens.
User-Initiated Burns
➡ BTTC has established a system allowing users to voluntarily burn their tokens. Users can send BTT tokens to designated 'Hot Wallets,' which, after a specified waiting period, transfer the tokens to 'Unlimited Black Hole Wallets' for permanent removal. This process is designed to be transparent and orderly, enabling users to participate in reducing the token supply.
These mechanisms demonstrate BTTC's commitment to managing its tokenomics effectively.
Redenomination Burn
➡ As part of the transition from the BTT token to BTTC, BitTorrent conducted a significant token burn, eliminating over 575 billion BTT tokens.
User-Initiated Burns
➡ BTTC has established a system allowing users to voluntarily burn their tokens. Users can send BTT tokens to designated 'Hot Wallets,' which, after a specified waiting period, transfer the tokens to 'Unlimited Black Hole Wallets' for permanent removal. This process is designed to be transparent and orderly, enabling users to participate in reducing the token supply.
These mechanisms demonstrate BTTC's commitment to managing its tokenomics effectively.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTTC
0.00000071
-1.38%
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