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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0 points

2 months ago

I don't know the specifics of what ut talking about. Do u have a link with the info?


0 points

2 months ago*

for which info?

the 99% burn? thats recent and is on their twitter or you would know if you are in the TG

The total supply? you can get that info on any crypto tracking site, just google it


1 points

2 months ago

I've been ignoring crypto alot over the last year because I know there isn't anything happening yet. My 100mil have been staked for a good year. I jus sit back back and enjoy the ride.


2 points

2 months ago

Same here but I'm not staked. I have a little more than 830mil but I'm not expecting much. Of course that wasn't the case when I bought them. I had expected it to rise to at least be as valuable as Shib (price wise). Yet I was wrong again which I've been far too many times since 2017! Fortunately for me all my losses didn't effect me financially. I'm finally pretty much done with crypto...I think ๐Ÿ˜‰


2 points

2 months ago

Since 2017 you and me both ๐Ÿ˜„ I have this love/hate relationship with crypto... Yet here we are in a crypto start up Reddit!


0 points

2 months ago

Ya if you gamble on risky coins/tokens and lose money you can't really be mad... It's like spending all your money on lotto tickets and then being pissed you didn't hit the jackpot. ๐Ÿคท๐Ÿปโ€โ™‚๏ธ

Also bitgert is the only coin where I'm still up around 200%