BITGESELL WRAPPED & BRIDGE
BITGESELL WRAPPED & BRIDGE
Pay close attention to this short message. The cryptocurrency BGL was created in 2020 and is not listed on any centralized exchange. It is a hard fork of Bitcoin, 100% synchronized with BTC, specializing in store-of-value, with an annual halving and a burn of 90% of transaction fees. Currently, it is only available for purchase or sale through the wrapped token wBGL, which is available on four networks: Binance Smart Chain, Ethereum, Arbitrum and Optimism. In absolute terms, there are only 4,951,900 wrapped tokens for sale, all backed 1:1 by the Bitgesell blockchain. The remaining 76.4% of BGL coins are either stored within the blockchain, have been burned or have not yet been mined.
Now, let’s do the math. Out of the maximum supply of 21 million Bitgesell coins, 19,900,187 BGL have been mined, as of 08:45 GMT +1 on October 22, 2024, a total of 1,126,412.5 BGL have been burned. Given the burn volume, by tomorrow, several million more satoshis will have been burned! There are 1,099,813 BGL left to be mined by 2054, after the remaining 29 halvings. Between annual halvings, 52,500 blocks are mined, with the current block reward being 12.5 Bitgesell coins per block. Every year, the reward is halved. Therefore, the existing 4,951,900 wBGL tokens only represent 23.6% of the total Bitgesell currency. To access the BGL coin, you can do so only through the BGLSWAP bridge, using Metamask and the Bitgesell wallet.
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