Bitgert Implements New Burn Mechanism, Drastically Reducing Supply

• Bitgert’s circulating supply was reduced by 134 B through token burn.
• The new permanent lock mechanism contributes to ongoing supply reduction.

In a recent update, Bitgert Token (BRISE) has experienced a significant reduction in its circulating supply following the elimination of tax fees on its Binance 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.

With 187,457 holders, accounting for 0.004% of total BRISE holders, the trading price 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.