Token

Burn

Bitgert

<ul> 
 <li>Bitgert’s circulating supply was reduced by 134 B through token burn.</li> 
 <li>The new permanent lock mechanism contributes to ongoing supply reduction.</li> 
</ul> 
In a recent update, Bitgert Token (BRISE) has experienced a significant reduction in its circulating supply following the elimination of tax fees on its <a href="https://thenewscrypto.com/binance-th-launches-in-thailand-with-regulatory-approval/">Binance</a> Smart Chain (BSC) decentralized exchange (DEX) trading. Over the past 12 days, the newly implemented permanent lock token burn mechanism has successfully removed 134 billion BRISE tokens from circulation. 
This promising development is a result of the adjustment made to the burning mechanism on January 5, 2024. Now, 12% of tokens from each transfer are permanently locked under the smart contract. It contributes to the impressive reduction in circulating supply. 
<div align="center">
 <blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Burn updates: Since the elimination of tax fees on our BSC DEX trading, the token burn has significantly improved. Over the past 12 days, our new permanent lock token burn mechanism has successfully reduced the circulating supply by 134 billion <a href="https://twitter.com/search?q=%24BRISE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRISE</a> tokens. As the token…— Bitgert – $BRISE (@bitgertbrise) <a href="https://twitter.com/bitgertbrise/status/1747518846523568165?ref_src=twsrc%5Etfw">January 17, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div> 
With 187,457 holders, accounting for 0.004% of total BRISE holders, the trading <a href="https://coinmarketcap.com/currencies/bitrise-token/">price</a> currently stands at $0.0000001608. It reflects a slight increase of 0.06% in the past 24 hours. The fully diluted market cap is $160,473,000.00, with the circulating supply market cap at $63,712,934.00. 
As the token trade volume continues to rise, the outlook for Bitgert Token appears positive, with the potential for further reduction in circulating supply through this efficient burning mechanism. With a maximum total supply of 1 quadrillion BRISE, is positioned for continued growth in the decentralized finance space.

Bitgert Implements New Burn Mechanism, Drastically Reducing Supply

TheNewsCrypto

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