The upcoming halving of BTTC (BitTorrent Token) is a significant event that will impact the BitTorrent ecosystem.
Here are some key points about the halving and its potential impact:
đ Halving Date: June 25, 2024, 00:00 (UTC)
đ Reward Reduction: Daily rewards for storage miners will be halved from 15 billion BTT to 7.5 billion BTT
Impact of Halving:
đ Encourages miners to optimize node operation and reduce waste
đ Promotes more efficient node performance
đ Supports the long-term sustainability of the BTFS network
đ Potential effects on BTTC token:
đ Reduced supply: Decrease in the number of newly generated BTTs per day
đ Decreased miner income: Miners may withdraw or reduce mining investment
đ Market confidence: Demonstrates the system's emphasis on long-term stability and sustainable development
đ Ecosystem development: May benefit from the growth and development of the BTFS ecosystem
It's important to note that the halving is a pre-programmed event designed to gradually reduce the supply of new BTT tokens entering the market, aiming to maintain a balanced and sustainable ecosystem.