Big Announcement: Monthly Strategic Buyback & Manual Burn Plan
Monthly Strategic Buyback & Manual Burn Plan
A journey towards burning 99% of total supply.
What to expect
- – How the strategic buyback plan works.
- – Resource mobilization for buyback and burns.
- – What are the goals set , how are they going to be achieved by taking a sustainable path.
- – Why the mechanism is devised now , how is it going to work , what are the benefits of this mechanism for the community.
As recently announced , CVSO – Our strategic plan to create wealth
Getting started with the plan, let’s first know the total supply, total circulation and burned tokens
Max Total supply = 1,000,000,000,000,000
Circulating supply = 395,688,215,721,653
Total burned = 572 Trillion
For more information visit CMC (Verified data ) https://coinmarketcap.com/currencies/bitrise-token/
As evident from the information provided, we have already burned 57% of the total supply, and now the team is back with another sustainable strategy which would not only benefit the community but would also accompany our present strategies.
SO WHAT IS CVSO – THE “PLAN”
In first quarter of 2023, Bitgert team has came up with sustainable plan, where the team would not only buy back tokens on monthly basis but burn the tokens as well. As many of our community members were having reservations about the circulating supply and it’s value in long run, the team came up with the plan to give the community what they asked for.
The plan is to burn 99% of total supply (1,000,000,000,000,000) in long run, that is on monthly basis the tokens would be bought and burned by the team, which why the strategic plan Buyback and Burn mechanism, is going to be a game changer for Bitgert in long and short run as well.
Now the question is, what happens to the burning mechanism we already have, That’s still going to be there, where daily transactions are burning 5% of value on BSC.
That said, now we have two burning mechanism in place, one would work on monthly basis for Native BRISE (BRC), BRISE (BEP20) and other one would work daily for BRISE (BEP20). That means double the fun and excitement for our community.
Now this takes us to another very important question, Where would the team find funds for this buyback and burn mechanism?
We have seen our community members on Telegram and twitter, asking us about partnerships, and why we forge them. Well the answer is simple yet decisive, partnerships not only give Bitgert project the needed exposure and adoption but also brings investment into the project. This very investment is used for developing all the products our community cherishes and the same is going to be used for Buyback and Burn strategy.
So more partnerships we forge and follow, the more adoption, exposure and from now on the buyback and burn. We look forward to see how our community welcomes our future partnerships after having these insights.
Why now, What are the goals of team and what are the benefits of CVSO ?
Burning is the process that effectively takes coins out of circulation, reducing the total supply of that coin and increases demand.
Increased demand can lead to higher prices. As the team already destroyed 57% of supply, and we witnessed the price surge, this mechanism will try to achieve the same, but in a more sustainable way. Where our whole community gets benefited from this laudable initiative.
The journey is going to be exciting for our community as whole. But , started from the bottom now we’re here, and we still have a long way to go. With our projects, partners, partnerships, and strong community, Bitgert is going to achieve many feats in future.
The mechanism didn’t just popped out of no where, but this is what our community asked for and that’s what we are happily delivering. The future beholds much more for us, as with our more upcoming projects, plans and Strategic mechanisms, the first one being CVSO.
- – This brings no changes to existing burn mechanism
- – Each time we buy back and burn more
- – The first burn is to be announced on 03 Feb 2023
When will the strategic plan kick-off ?
The first burn will take place on 3rd February 2023 sharply at 8:00 UTC. Excited !!
Aren’t you, well we are. With the kick start, it’s the first step towards more sustainable future for Bitgert and it’s whole family. With a plethora of partnerships already made and a million more to come, you all can think of the huge impact our mechanism will have in long run. This would not only push adoption rate higher but by decreasing the supply this would make Bitgert super deflationary coin, and will catch the eye of entire world.
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