BTTC(NEW) burning update
The recent mega burn of over 575 billion tokens applies to the new BTTC token, not the old BTT (BTTOLD). The old BTT tokens were already mostly burned or migrated after the upgrade, making BTTC the sole active token with ongoing burns.
Burn Coverage
The reported 575B burn is for BTTC, the new token adopted after the BitTorrent Chain migration.Old BTT (BTTOLD) tokens were largely burned (over 70%) and the migration cycle has ended; they are no longer in wide active use.The annual symbolic burn of 2,127 BTT continues for legacy reasons but is economically meaningless compared to the BTTC supply reduction.
Migration Context
BTTC replaced old BTT via a redenomination process (conversion ratio 1:1000), making all large burns and supply reductions relevant only for the new token.The supply cut and new roadmap are focused on BTTC, aimed at tightening supply for long-term tokenomics strength.
All major token burns since 2022—including the latest 575B event—target the new BTTC token, not the legacy BTTOLD.
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Burn Coverage
The reported 575B burn is for BTTC, the new token adopted after the BitTorrent Chain migration.Old BTT (BTTOLD) tokens were largely burned (over 70%) and the migration cycle has ended; they are no longer in wide active use.The annual symbolic burn of 2,127 BTT continues for legacy reasons but is economically meaningless compared to the BTTC supply reduction.
Migration Context
BTTC replaced old BTT via a redenomination process (conversion ratio 1:1000), making all large burns and supply reductions relevant only for the new token.The supply cut and new roadmap are focused on BTTC, aimed at tightening supply for long-term tokenomics strength.
All major token burns since 2022—including the latest 575B event—target the new BTTC token, not the legacy BTTOLD.
👍👍👍
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BTTC
0.0₆41
-2.38%