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The symbolic 7 million BYTES mark will NEVER be reached!!!
We’ve finally dropped below the 7 million BYTES threshold for max supply. Very concretely, this means the symbolic 7M BYTES mark will never be reached. For now, the absolute ceiling stands at 6,983,000 BYTES.
@NeoTokyoCode@bytestreet@Neo_Tokyo_News@neotokyovision
🔵More than 89% of all existing BYTES have already been minted (Steady Scenario).
In other words, less than 11% of BYTES total supply remains to be minted.
Do your own research. But this 11% ratio is among the lowest in all of Web3 for a token barely 4 years old. Nothing more, nothing less. And this ratio will continue to drop significantly in the coming weeks.
You can find all metrics on bytesmetrics. io
🔵The reason for this decline is the massive departure ✈️✈️of S1, S2, and BYTES from the Neo Tokyo vaults. We are unstaking en masse.
And remember this: BYTES not issued today will NEVER come back
Let me repeat this :
BYTES not issued today will NEVER come back !
—there will be no catch-up or compensation.
🔥🔥🔥🔥
Consider the lost yield as burned BYTES, because the effect is the same. It’s exactly as if, for the last 2 months, we’ve been burning 2,000+ BYTES per week (on top of the ID auctions).
🔵In fact, if we sum the total points of all staked S1s, we get 15,284 S1-points in the NeoTokyo-Vault. We’ve lost 3,000+ S1-points in just a few months.
As a consequence, we’ve fallen below 40% for %BYTES staked, instantly reducing that yield reservoir by 16.6%. We’re also now below 50% for S2s, cutting that reservoir by 25%. And we’ve pierced below 70% for S1 staking, reducing the third yield reservoir by 16.6%.
🔵To be fully honest, it had been over 3 months since I last dug into the Etherscan datas for BYTES’ more complex metrics.
That deep dive let me refine my analysis and significantly reduce the margin of error on every number you see on BytesMetrics. And the surprise was very good: the numbers are significantly lower than expected—meaning BYTES is even scarcer than I thought.
Bullish, bullish, bullish.
Grand rising.
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Ask for:
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Our $BYTES page on CoinMarketCap now reflects our ETH and AVAX contracts, along with accurate supply info based on our tokenomics + emissions schedule.
No VCs, 100% community owned - Grand Rising
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