Hi ad, does we apply burning fot Bit token?

Question

BitDAO

Johnson Le

Hi ad, does we apply burning fot Bit token?

#bitdao #cryptocurrency #english

0

05.11.2021

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The Good Sam

SAJ 0011
Current fully diluted value of $BIT around $25 Bil...

You can put this up as a proposal as a BIT token holder, now that the proposal token threshold is reduced to 200,000 votes. So, sounds like a good time to push this up for consideration while other community members give it their full support with their voting rights.

0

05.11.2021

SAJ 0011 · Accepted Answer

Current fully diluted value of $BIT around $25 Bil, which already makes it much higher than many well established crypto ecosystems. Hence gaining any meaningful price appreciation will be very challenging considering current market cap of overall crypto market and that to compared with $BIT’s current market position against other well established cryptos. So systematic and meaningful reduction in supply has to be considered

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Hi ad, does we apply burning fot Bit token?

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