• 30/07/2024

Introduction: On November 1, 2008, Satoshi Nakamoto introduced a revolutionary concept: a fully peer-to-peer electronic cash system known as Bitcoin. This system was designed to operate without government intermediation or trusted third parties, aiming to decentralize power and create a deflationary currency.

Early Days of Bitcoin: Initially conceived as a digital collectible, Bitcoin’s first significant transaction occurred in October 2009 when 5050 Bitcoins were sold for $5.02. This marked Bitcoin’s transition from a mere market good to a viable means of exchange.

Remarkable Growth: In just seven months, Bitcoin appreciated approximately 8 million times, or precisely 793,513,944%, from its initial price of $0.000994 to $7,888. This exponential growth highlighted its immense potential and adoption.

Significance of Decentralization: Bitcoin’s design to operate without centralized control was a direct response to the limitations of traditional financial systems. By eliminating intermediaries, Bitcoin aimed to provide a secure, transparent, and decentralized financial ecosystem.

Impact and Legacy: Satoshi Nakamoto’s vision laid the foundation for a new era of digital finance. Bitcoin’s success has inspired countless other cryptocurrencies and blockchain innovations, driving the evolution of the financial landscape.

PERIODIC BURNING

A percentage of transaction fees from manual arbitration operations, in addition to the full amounts from License purchases for operations in the automatic arbitration system, will be used to burn Clash Hub Coin tokens. This will accelerate burning, decrease supply, and increase scarcity of the token.

100% of tokens converted to USDT during withdrawals from the staking system, arbitrage system and flash loans will be burned, promoting a continuous decrease in the total supply.

OBJECTIVE OF BURNING

Reduce 90% of the total supply over 1 year through periodic burning and conversions of staking rewards and token affiliate system into USDT. 90% of the supply will be burned, equivalent to 900 million tokens at a price of $0.01, corresponding to 9 million dollars in transaction volume. Then the current model of the affiliate system will conclude and the token will be launched in the public sale phase after the full burning of 90% of the supply.

Total supply of tokens will be burned and released on DEX`s for public sale at a price of $0.02, doubling the capital of Clash Hub Coin Token holders.