Can someone explain why BTT did a 1:1000 split.?

Question

Can someone explain why BTT did a 1:1000 split.?

This may be old news already, but I checked out after not being able to understand the strategy and especially with out a official release of why and what next. So I had to tune out.

Obviously it took a huge dive but no company in the world would work so hard to devalue themselves, to reduce their revenue. So there must be a bigger picture. Last time I was trying to figure this out, was day it split and pandemonium broke out. Since then it’s been on a wild ride. First I heard BTT was trying to cover the gas market. Then this and that? I couldn’t even make sense of the motive? I just rejoined the group because I haven’t been able to stop thinking about reasoning and my fascination with BTT and what’s behind increasing the supply to 1 trillion when at the time of the split, there was still 60-40% still available of non circulating supply.

Since the split, has any BTT verified reasons surfaced? Is there a plan as to why they took a coin of barely 1 penny or at some point 1 or
2 Pennie’s of value to countless zeros to the right rather then work on adding zeros to the left of the decimal point? Now trading at micro fractions of a penny?

Did or do they think the world we’ll suddenly buy and snap up 1 trillion coins to make the concept of supply and demand play a roll in the price, based on a poplular concept that initiates and increases demand? Is their a verified and larger dream that I missed, while I went into hiding to ponder why BTT went against the very principals and fundamental concepts of trading and business101?

So I finally joined the group again, because I gave up and I’m at a loss. All this time and I still am not able to understand this reasoning. I couldn’t wrap my head around the choice to split 1:1000.

Please excuse my lengthy post but if anyone can give any reliable explanations I may have missed, or the most agreed upon theories? please help me move on to the next chapter.

Thank you!!! 🙏

#btt #cryptocurrency #english

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11.05.2022

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Masanda Ivan

Masanda Ivan
What are the Benefits of the redenominating BTTOL...

Hope this will help you mate

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11.05.2022

Masanda Ivan · Accepted Answer

What are the Benefits of the redenominating BTTOLD? There are four main reasons for doing a redenomination. Cross chain support. The new BTT token, is interoperable between Tron, Ethereum, and BSC networks Faster transactions. The underlying protocol adopts the PoS consensus mechanism, which speeds up transactions, with an average block time between 2 to 3 seconds More secure. Proven security of mainchain and multi-node validation work together to safeguard every transaction Lower fees. Extremely low transaction fees (<$0.01 on estimated average) eliminate the headache of paying exorbitant transaction fees

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Can someone explain why BTT did a 1:1000 split.?

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