The Novi Strategy: A Radical Vision for BTTC
Novi’s strategy calls for BTTC investors to come together and permanently remove half of the circulating tokens. This process, known as “burning,” involves sending a large quantity of tokens to an unusable address or removing them irreversibly from circulation, effectively reducing the total supply.
The logic behind this proposal is straightforward: a drastic reduction in supply could lead to increased scarcity, theoretically driving up the token’s value if demand remains steady or increases. But how would this strategy impact the current BTTC price of 0.00000111?
Theoretical Impact on Price:
To understand the potential effect of this strategy, it’s important to recall the law of supply and demand. If the BTTC supply is cut in half while demand remains unchanged, the price could theoretically double, bringing it to approximately 0.00000222. However, several key factors need to be considered:
1. Market Reaction:
• The success of this strategy hinges on the collective willingness of holders to burn their tokens. If only a small fraction participates, the supply reduction would have a limited effect.
• Market perception and confidence in the token play crucial roles. A large-scale burn initiative might attract positive attention, but it could also introduce uncertainty among investors.
2. Reduced Selling Pressure:
• Fewer tokens in circulation may translate to reduced selling pressure, potentially helping to stabilize or increase the price.
• If the community perceives BTTC as a more valuable asset due to its newfound scarcity, additional demand could be stimulated.
3. Volatility and Sustainability:
• Abrupt price increases can lead to speculation and heightened volatility. Monitoring these shifts closely would be key to ensuring the burn’s impact isn’t merely temporary.
