For the last two days, the Bitgert team has been updating the crypto community on the massive burns of its token. The burning of the Brise token has been happening, with millions of tokens being burnt every hour. As many as 50 million tokens are being burned every hour, and it has excited the crypto community.
Billions of Brise tokens have been burned over the last few days, which has drastically reduced supply. This explains why Bitgert price has been doing pretty well over the last few days when the market has been bearish. Compared to the performance of the global market, Bitgert price has been doing well.
The burning of the token is one of the key factors in the growth of this coin’s demand. By reducing the supply, the demand for the coin is growing bigger. This means the price of the Brise coin is increased as the supply reduces. That’s why most crypto holders on the Bitgert project have been asking about token burning.
Bitgert Has An Auto-Burn Contract
Unlike most of the cryptocurrencies that have a manual burn, Bitgert is one of the few coins that have automated their token burning. The team has designed a contract that collects 3% of every transaction on the Bitgert ecosystem. This amount is collected, and it buys an equivalent of Bitgert BRISE tokens out of the supply.
Unlike manual burning, automated burning leaves no room for manipulation of the burning process. Therefore, the Bitgert burning is 100% free of manipulation, which is one of the reasons Brise coins have responded positively to the ongoing burns.
With every transaction sending 3% of the amount spent to the burn wallet, we expect billions of Bitgert coins to be burned in the next few days. This is as the number of transactions on Bitgert increases. The growing adoption of Brise products and projects will be a major factor driving this growth.
Why This Token Burn Matters
As mentioned, the token burn has a major impact on the price performance of the burnt token. A reduction in supply usually leads to a rise in demand and the impact of a rise in price. This is why the Bitgert community is excited about it.
The burn means that $BRISE will keep doing well, which includes withstanding the bear market conditions. That’s why Bitgert holders are very excited about the ongoing token burning because it means a stable crypto coin and a higher potential to make better profits.
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FAQs
Bitgert isn't just halving alone but ensuring that there's a 12% burn-off in every transaction therefore ensuring that the coin becomes limited in supply and encouraging investors to hold on longer to the coin. This mechanism in turn leads to a rise in Bitgert coin as transactions are being made every day with it.
What is the burn strategy of Bitgert? ›
With the burn mechanism in place, the Bitgert project intends to create scarcity by gradually cutting the amount of BRISE tokens in supply. This would have a ripple effect on the demand-supply end, where the reduced supply will shoot up the value of the BRISE coin.
What is the total supply burn of brise? ›
In an effort to reduce the circulating supply of BRISE Coins, a total of 2 trillion coins will be burned. These coins have been acquired through purchases on exchanges over a 60-day period. The burn event is scheduled to take place on 20th March 2024.
Does brise have a burning mechanism? ›
🔥 NEW BURN MECHANISM ADDED 🔥 We've added a burn mechanism to our staking platform. Tokens from early unstaking and penalty fees go straight to the dead wallet, helping to reduce our circulating supply and make our token more scarce. You can track the $BRISE burns here: crypteye.io/burntracker/co…
How much bitgert has been burned? ›
In total BRISE has burned over 36% of its supply cap of 1 quadrillion tokens. Asides its burning model, BRISE performance in the market has been on a positive note since its launch.
Is it wise to invest in Bitgert? ›
Bitgert's emergence has made it a top contender in the cryptocurrency world, this has seen it gain the notice of investors. It has also seen the adoption of its coin being on the rise which will further lead to a surge in its price. Bitgert coin price has been seeing a good movement upward in recent times.
Does Bitgert have potential? ›
Bitgert has made itself a representation of a unique opportunity for Investors looking to gain financial stand and harness the potentials of decentralized blockchain. The future has always been promising for BIGERT, its surge to 2000% growth is very much feasible as experts have forecasted.
Can brise hit 1 cent? ›
That is not going to happen anytime soon. Bitgert's market cap is at $200,000,000 at a price of $0.0000005. There would need to be a 10,000x increase in the price of a BRISE token before it was worth 1 cent. At its current price, BRISE would be worth about $500 billion, which is close to the value of Bitcoin.
Which crypto has highest burn rate? ›
Shiba Inu Burn Rate Skyrockets – Shiba Inu (CRYPTO: SHIB) is back in the spotlight with a significant increase in burn rates and wallet movements. Data from Shibburn revealed a 2,211.9% spike in burn rate in the past 24 hours, with a single transaction burning 1.8 million SHIB coins.
What is a realistic brise price prediction? ›
Bitgert Price Prediction 2026
In 2026, we foresee Bitgert attaining new heights and hitting the target of $0.45 as an average price due to the continuous development of Bitgert's platform and increased practical utility of BRISE token in real-world applications. Its highest price could reach $0.55.
How much will brise coin cost in 2030? ›
Bitgert Coin has tremendous potential for long-term holders. According to our Bitgert price prediction for 2030, it has the potential to reach a maximum price of $0.00000576. On average, Bitgert Coin is expected to be valued at around $0.00000558 in 2030.
Has brise got a future? ›
According to our current Bitgert price prediction, the price of Bitgert is predicted to rise by 228.29% and reach $ 0.0₆5296 by May 26, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 67 (Greed).
Which coin has burning mechanism? ›
The token burn was made popular by Binance with its BNB coin. It's the process of permanently removing tokens from circulation, reducing the total supply. The value should mathematically go up if there is less in circulation, and the same or more demand for it, however, cannot be guaranteed.
Is brise a layer 1 blockchain? ›
Amidst all the chaos, one layer-1 blockchain that has been marching on a low gas fee and high-speed revolution is Bitgert. Bitgert launched its token BRISE as the utility and governance token of its native ecosystem.
Which cryptos are burning coins? ›
We focus on examples of token burning where the most data is available – Binance Coin (BNB), Bibox Token (BIX), KuCoin (KCS) and Maker (MKR).
Is Bitgert deflationary? ›
The deflationary mechanism is also another feature that drives this coin's adoption. Burning 12% of its overall supply in circulation, this drives the innovative goals of Bitgert, as investors are on the lookout.
Does Brise have a future? ›
Based on our algorithmically generated price prediction for Bitgert, the price of BRISE is expected to decrease by 228.29% in the next month and reach $ 0.0₆5296 on May 26, 2024. Additionally, Bitgert's price is forecasted to gain 180.44% in the next six months and reach $ 0.0₆4524 on Oct 23, 2024.
Which coin uses proof of burn? ›
Slimcoin (SLM)
Slimcoin is another cryptocurrency that uses proof of burn. In Slimcoin's system, miners must burn some coins before they can start mining. The more coins burned, the more committed the miner is. It also allows them to receive rewards for a longer time.
