$BITBAR UTILITY & HYPERDEFLATION
As many as you Miners know, the $GOLDBAR is not the final step of our innovative Token Evolution, so let’s have a. first look on the tokenomics and utility of $BITBAR! Prepare for…
What is Hyperdeflation you may ask?
Well, let’s have look on our current #GOLDBAR era tokenomics. $GOLDBAR is inflation-neutral as far as $GOLDCOIN is concerned, and thus also inflation-neutral as far as $GOLDNUGGETS is concerned. The only inflation is generated with $GOLDNUGGET. So far all clear?🤓
Hyperdeflation will lead to a deflationary effect on all tokens in the Blockmine ecosystem. Even more, it negates $GOLDNUGGET minting. Unlike $GOLDBAR, where $GOLDCOIN is needed at a factor of 1:10 for unstaking, $BITBAR will probably need $GOLDBAR at a ratio of 1:5, which fixes the long term total $GOLDBAR amount at 50%. In addition, $BITBAR receives a 100% $GOLDNUGGET burn fee.
Those who know the mathematics will realize that not only $GOLDNUGGET value 100% + $GOLDBAR value 50% will be burned (where GOLDBAR already has a 100% burn rate with respect to $GOLDCOIN, which also have a small GOLDNUGGET burn rate, but which probably can be neglected), but a hyperdeflationary effect will occur!
THAT MEANS MORE PROFIT FOR EVERY MINER IN THE BITBAR ERA!
Unlike $GOLDBAR, which main utility is Staking now, $BITBAR becomes the effective currency in the #WildWestVerse. Let us give another Sneak Peak…Your NFC’s and other NFT’s gonna be upgradable.🤠🎮🆙
The $BITBAR booster will be launched in the first weeks of 2022!