BTT Burning 2.0

BTT token and some important changes that have taken place.

Let us remind you what a BTT token is.

BTT is a service token used in the BIT.TEAM ecosystem. This token plays a key role in our crypto exchange, allowing users to access a number of benefits and services such as payment of trading commissions, unique PRO ACCOUNT benefits, BOOST announcements, UNIQUE USERNAME and steaking (link to article).

Increased issuance and staking.

We have increased BTT‘s issuance to 1 billion coins. Initially 500 million coins were issued, but including all burn-in, the maximum possible issuance at this point will be 974 million coins. This will give users the opportunity to purchase additional coins, as we were approaching the token issuance limit and this severely limited some of the token’s development and appeal.

In Q3 and Q4 of 2023, the burn-in was not done due to technical reasons in the blockchain itself. However, the tokens that were supposed to be burned during the period of these quarters were burned today, totaling 11,100,000 VTT (hash 1, hash 2). We would also like to remind you that next month will be the counting and burning of tokens for the first quarter of 2024.

Stay tuned and thank you for your support!