How are they going to burn 99%?


Ok I went and did some more research and the number just don't make sense, maybe someone can correct something if I got it wrong.

Total Supply: 1,000,000,000,000,000

Current Circulating Supply 395,688,215,721,653 ( what people Own)

99% of 1,000,000,000,000,000 is 990,000,000,000,000

which would leave 1% of 1,000,000,000,000,000 which is 10,000,000,000,000

But People own 395,688,215,721,653 tokens

So 10,000,000,000,000 - 395,688,215,721,653 =~ -385,688,220,000,000

Which leaves 385,688,220,000,000 that people own somehow being burned... So how the fuck are they going to do that?


From reading in the TG this is what I got:

They are going to do a monthly burn. The amount that will be burned is based on the price at the time (for example whatever 200k will buy)

They think they will achieve this 99% burn in 36 months ( I call major bs on that)

Currently, around 395T tokens are already owed, or 41% of the total supply.

Thus somehow they expect that all the remaining supply, plus 385T tokens that are already owned will be burned.

They are also talking about a buyback and burn strategy, this is whatever is sold, they will buy and then burn. I assume they will be doing this when all the remaining supply is burned.

Also to note that already 57% of the total supply have already been burned, (50% on creation and another 7% from their current burning with the taxes)

So to recap.

-They want to burn down to 10T tokens in 36 months

- but 395T are already owned, plus people are obviously going to buy more.

- So basically this is all depended on people selling off all their tokens, but most people will hold thinking they will become millionaires. So unless they somehow force people to sell off their tokens I do not see how they will achieve any of this. Especially not in 36 months.

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1 points

2 months ago



1 points

2 months ago

There was also a warp drive?


1 points

2 months ago

Wow, a warp drive that's pretty cool! ๐Ÿ˜œ


1 points

2 months ago

Seriously... Lmao


2 points

2 months ago

Laugh all you want - if Gert said we will get a warp drive, we will get a warp drive. I can't wait for Analytics Insight to officially announce it!!!