BitTorrent Token (BTTC) has an extremely high supply of over 960 trillion tokens due to a combination of strategic and technical factors. Here are the main reasons:
1. Accessibility and Microtransactions
BTTC is designed to be used in decentralized ecosystems, such as the BitTorrent protocol and related platforms.
The high number of tokens allows for very small divisibility, facilitating efficient microtransactions, such as paying for resources like file uploads/downloads or network incentives.
2. Distribution and Scalability
With a high supply, tokens can be distributed to millions (even billions) of users.
This facilitates large-scale adoption, especially in services that require mass participation.
3. Market Sentiment
Smaller amounts per token (such as fractions of a coin) can attract beginning investors who prefer to own a large number of tokens rather than a fraction of a more expensive cryptocurrency.
4. Reward Savings
The number of tokens is also useful in supporting incentive and reward systems on the BitTorrent network.
Tokens are distributed to users who share files or contribute to the ecosystem.
5. Network Growth Planning
A large supply allows the team to maintain reserves for future integrations or rewards for miners and validators.
This model is common in cryptocurrencies that focus on accessibility and mass participation, but it is important to note that a high supply can make it difficult to achieve significant price increases per unit, as the total value of the network needs to be very high to justify the large number of tokens.
Massive token reductions would go against the intended use of BTTC. Don't compare BTTC to $BTC which is used as a reserve (digital gold), while $BTTC has a practical purpose and encourages decentralization.
BTTC is a solid project, it is not as volatile as memecoin. A small investment in $BTTC and patience could be all you need to secure a piece of this promising future. For example, look at the patience of those who have maintained Bitcoin since its launch, the rewards they reap today.
I do not recommend investing in any cryptocurrency, mind you. Thanks.