Bitburn
Token metrics
| _________________________________________________ | _____________________________ |
| Name | Bitburn |
| Ticker | BTU |
| Platform | Ethereum |
| Burn rate | 0.5% ... 5% |
| Initial supply | 2,000,000 |
| Allocated for distribution | 1,400,000 |
| Distribution methods | Airdrop, selfdrop, tokensale |
| Initially allocated in our BTU Reserve | 600,000 |
| Maximum limit on burning the tokens of our BTU Reserve | None (any amount can be burnt) |
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Why BTU was created
What does price of a deflationary cryptocurrency depend on?
The higher the number of coins in circulation, the higher is inflation level; and vice versa, the lower the number of coins in circulation, the higher is deflation level. But market structure is intrinsically more complex, so this may not always be the case. There are still many other factors that we must also take into account.
The market rules state that in order to have a chance to achieve any possibly desired effective and efficient result in such market situations, we need a substantially more advanced cryptocurrency asset.
We think that BTU, being the most advanced burnable cryptocurrency in some awesome ways, is well suited for this role.
So, how does BTU actually make it real?
BTU is basically designed so as to take the most out of both flexibility and versatility
Flexibility and versatility of a cryptocurrency asset significantly increase its ability to:
– Adapt to any market situation, and even more importantly, have own influence on it.
– Guarantee its sustainability regardless of any temporary market fluctuations.
What features BTU has as a cryptocurrency asset
– Our basic means and methods of controlling BTU economy are quite simple, yet very powerful.
– Value of scarcity. But also, at the same time, accessibility and affordability needed for global cryptocurrency adoption.
– Inherent advantages of an Ethereum-based token: decentralization, immutability, both publicity and privacy at the same time, and so on...
How we control BTU economy
– We are always able to change rate of BTU transfer burns in the range from 0.5% to 5% of transfer amount.
– We are always able to burn any amount of BTU held in our BTU Reserve.
– Our BTU Reserve is also to ensure our ownership and responsibility for taking measures regarding BTU market position at any moment.
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