The results of the US elections boosted the cryptocurrency market. On November 6, after Trump's victory, the price of Bitcoin reached a new high of $75,361.09. The new high price of Bitcoin is driven by multiple factors including the halving cycle, the results of the US elections (cryptocurrency compliance policies), and the Fed's interest rate cut cycle, among which the BTC halving cycle plays an important role.
Looking back at the development of Bitcoin, we can see its halving events have a significant impact on price.
From 2010 to 2013, in the first bull and bear cycle, the Bitcoin reward decreased from 50 to 25, and the price rose from a low of 11 USDT to 260 USDT, increasing by 23 times. In the second cycle from 2014 to 2017, the Bitcoin reward decreased from 25 to 12.52, and the price rose from a low of 430 USDT to 20000 USDT, increasing by 46.5 times.
In the third cycle from 2018 to 2021, the Bitcoin reward decreased from 12.5 to 6.25, and the price rose from a low of 3150 USDT to 69000 USDT, increasing by 22 times.
Every halving of Bitcoin production is accompanied by a significant increase in price. The fourth Bitcoin halving cycle starting in 2024, along with the US presidential election, has led various institutions to be optimistic about the future price increase of Bitcoin.
In the world of cryptocurrency, deflation mechanisms are often closely linked to the increase in token value. The WorldBrain ecological token WBC has currently achieved significant deflation, with a destruction amount reaching 188 million WBC, accounting for about 47% of the current supply. Recently, WorldBrain has launched its new upgraded 2.0 embodied space intelligence, activating embodied NFTs, and introduced the WBC steady gain plan for large-scale staking and financial management. It can be anticipated that more WBC will be burned and staked, which will undoubtedly have a significant impact on the scarcity of WBC and its potential value. According to real-time data from CoinMarketCap, the price of WBC surged from $0.03185 to $0.080 within a week, with an increase of up to 300%.
The WorldBrain ecological token WBC has achieved significant deflation, accounting for nearly half of the current supply.
The latest on-chain data from Arbiscan.io shows that the current supply of WBC is 401,027,397, with a destruction amount of 188,294,762, accounting for about 47% of the current supply. WorldBrain is firmly executing the token economic deflation mechanism, demonstrating its commitment to maintaining WBC value and promoting sustainable ecological development. With the continuous destruction of WBC, holders can expect an increase in its value.
The positive flywheel effect under the WorldBrain neural network interaction incentive and deflation mechanism.
In WorldBrain's economic model, the total issuance of WBC is 10 billion, and it is guaranteed that there will be no further issuance. To ensure the stability and convenience of the entire WBC economic system, WorldBrain introduces a deflation metabolism mechanism in intelligent interaction and consumption, with a total metabolism surplus of 10 million, meaning the metabolism total ratio is 99%.
WorldBrain's deflation mechanism connects the incentive for intelligent interaction in neural networks, the use of WorldBrain Chat features, and circulation on exchanges. Purchasing, using, and staking for mining through these channels will burn WBC, thus increasing the scarcity and value of the tokens.
WorldBrain has adopted various strategies to maintain WBC value. Through technological innovation, ecosystem construction, metabolic deflation mechanisms, the use of intelligent chatbots, and community participation, WorldBrain maintains the value of WBC.
The newly upgraded WorldBrain 2.0 embodied space intelligence has seen a surge in WBC demand.
WorldBrain is undergoing a transformation and upgrade with a global perspective, closely collaborating with 1X Technologies and World Labs to integrate world models, embodied intelligence, and virtual universes (spatial intelligence) into one, creating an intelligent ecosystem that intertwines the virtual and the real.
In the WorldBrain 2.0 virtual universe ecosystem, users can acquire brain regions and embodied IDs by accumulating substances and activating. The embodied IDs are divided into primary embodied and intelligent embodied. Embodied users can receive exclusive NFT benefits for free, enjoying rights such as free access to WorldBrain Chat, ecological dividend airdrops, profit sharing, and DAO governance rights.
According to brain area/embodied activation conditions: The brain area activation requires the substance to reach over 1 million, more than 20,000 activated users in the neural network, and directly recommend over 2,000 activated users; primary embodied activation requires the substance to reach over 10 million, more than 200,000 activated users in the neural network, and directly recommend over 20,000 activated users; intelligent embodiment requires the substance to reach over 100 million, more than 2 million activated users in the neural network, and directly recommend over 200,000 activated users. In this process, accumulating substances and a large number of neuron activations will burn and destroy a large amount of WBC, further strengthening its deflation mechanism and laying a foundation for the long-term value growth of WBC.
In addition, WorldBrain has launched a steady gain plan, allowing users to gain NTs by staking WBC tokens, providing WBC holders with a unique opportunity for value storage and growth. Under the expectation of steady financial returns, more and more users are joining WBC staking, which will significantly reduce the circulation of WBC.
In the context of WorldBrain's neural network interaction account rights and ecological dividend NFT rights, the dual effects of increased destruction and decreased circulation of WBC will gradually reveal its scarcity, and its value is expected to be recognized and reevaluated by the market. For investors, this is a trend worth paying attention to and a potential growth point in the cryptocurrency market. As the WorldBrain project continues to upgrade and develop, the destruction and deflation mechanism of WBC will bring more robust value support and open up new investment opportunities.
WorldBrain, adhering to its commitment to maintain WBC value and promote sustainable ecological development, will create more participation and development space for ecological users, allowing every participant in the ecosystem to be the most direct beneficiary of the project.
Collaborating with leading AI technology companies to enhance WorldBrain's intelligence level, implementing deflation mechanisms to burn WBC and reduce circulation, incentivizing community members to participate in governance, and expanding the application scenarios of WBC, will enhance WBC's scarcity and market recognition, ensuring that WBC holders can benefit from the project's long-term development.
