CryptoKnight & Bounty
Did you hear about that new layer‑2 token that’s planning a 30‑day supply burst? It’s got the hype, but the math is wild. Let's break it down and see if it’s a sprint or a marathon.
Whoa, that sounds like a wild ride—30 days of supply, huh? If it keeps that pace, we could be looking at a sprint that turns into a sprint‑sprint. Let’s dive in, numbers in hand, and see if the math keeps up with the hype. I'm all ears for the breakdown.
Alright, let’s break it down.
1. **Base supply** – 1 M tokens locked in the contract.
2. **Daily burn rate** – 3 % of circulating supply every day for 30 days.
3. **Daily burn amount** – Day 1 burns 30 k, day 2 burns 29 k, and so on.
4. **Total burned over 30 days** – Approximately 900 k tokens (3 % × 30 days × 1 M).
5. **Remaining supply after 30 days** – 100 k tokens left in the contract, but still circulating.
**What this means for price**
- If demand stays constant, the price could climb roughly 3× (1 M ÷ 100 k).
- But if demand drops or market sentiment shifts, the sudden drop in supply could cause a price spike and then a sharp correction once the burn stops.
**Risk check**
- The burn stops after 30 days, so the supply will spike back up to 1 M if no new tokens are minted.
- Check if there’s a cap on new issuance; otherwise, the token could dilute the 100 k remaining and kill the upside.
Bottom line: it’s a quick win if you’re in before day 30, but the long‑term payoff hinges on post‑burn supply control. Keep an eye on the contract code for any hidden mechanics.