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Author Topic: Some questions about the Bitgert  (Read 57 times)
hack3rcon (OP)
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April 03, 2023, 08:30:15 AM
 #1

Hello,
I have two questions about the Bitgert:

Thank you.
noorman0
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April 03, 2023, 09:54:36 AM
 #2

-snip-
Has 40% of this token been distributed?
Yes it is distributed.

-snip-
58% of this token is burned, but is this amount from the 40% that has been distributed or the whole amount?
You can conclude both, because the highest percentage of holders after 58% is 7% with a total address holder of more than 180k addresses.
I didn't know about this token before, if it's new then you should research if the token is distributed fairly.

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hack3rcon (OP)
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April 03, 2023, 10:04:52 AM
 #3

-snip-
Has 40% of this token been distributed?
Yes it is distributed.

-snip-
58% of this token is burned, but is this amount from the 40% that has been distributed or the whole amount?
You can conclude both, because the highest percentage of holders after 58% is 7% with a total address holder of more than 180k addresses.
I didn't know about this token before, if it's new then you should research if the token is distributed fairly.

Hello,
Thank you for your reply, but I don't know what you mean about this sentence:
Quote
You can conclude both, because the highest percentage of holders after 58% is 7% with a total address holder of more than 180k addresses.
When only 40% of a token is distributed, then how is this amount burned from the total?
noorman0
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April 03, 2023, 12:31:41 PM
 #4

-snip-
When only 40% of a token is distributed, then how is this amount burned from the total?
Actually 58% of the total burnt is included in the total supply.

I previously focused on the question of the "distributed" 40% figure which is that 7.5% if ignoring the total burned, it doesn't even represent the remaining 30% of the distribution (assuming this is a developer locked amount). So I assume the distributed total is over $42%.
Sorry about the previous calculation.

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hack3rcon (OP)
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April 04, 2023, 10:01:03 AM
 #5

-snip-
When only 40% of a token is distributed, then how is this amount burned from the total?
Actually 58% of the total burnt is included in the total supply.

I previously focused on the question of the "distributed" 40% figure which is that 7.5% if ignoring the total burned, it doesn't even represent the remaining 30% of the distribution (assuming this is a developer locked amount). So I assume the distributed total is over $42%.
Sorry about the previous calculation.

Hello,
Thank you again.
Excuse me, the total amount of this token is "1,000,000,000,000,000" and all of them has been supplied, then 58% of "1,000,000,000,000,000" has been burned and 40% of this token is in the hands of traders. Am I right?
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April 04, 2023, 02:09:58 PM
 #6

^
Yes, about the numbers you are right. However, it cannot be confirmed that it was distributed among traders even though official information says so.
It's hard to identify the address of ownership, say about my previous assumption of a total 7% being locked up or reserved by the project team because in my mind it's a red flag for the project to let external entities hold the lion's share of the supply.

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