we had decided to burn our reserved token for 50% on 5/5/2019, to ensure the demand and supply is better managed. Total BRST token supply will be 10,000,000,000.

BRST relook into their token supply

October 1, 2018

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Dear Brave Supporters,

We are proud to inform you that we are strengthening our token by managing the supply of it, to create an efficient and effective circulation of the tokens in the Eco system. In order to do so, we had decided to burn our reserved token for 50% on 5/5/2019, to ensure the demand and supply is better managed. Total BRST token supply will be 10,000,000,000.

We understand your concern to our changes in the supply, and hereby we had created a quick 7 QnA to help our faithful to understand why are we doing so. Do let us know if you have any further inquiries, our friendly support channel will be here to assist you. Thank you!

Q&A

  1. What happens to my tokes.
    Your tokens which is running on the Ethereum blockchain will be recorded and stored in your wallet. Your wallet is still available for usage.
  2. What they are burning.
    “burning” is a term we used in blockchain to remove excess token that is in the project. So in another words, we are reducing the supply to capitalize on the demand.
  3. What happens to the allocations.
    There wont be any major allocations to the supply, we are just removing the reserves token.
  4. What is the impact on price of token
    The price of the token will not be affected by the “burning”, instead it will strengthen the demand of the token as it’s supply had been reduced.
  5. Will I lose my tokens?
    Your token that is stored in your wallet will not be affected.
  6. Will there be raise in token value
    As mentioned, the price of the token will not be affected due to the “burning” however the demand and supply might causes the raise as the token supply now decreases.
  7. What is their plan in doing so
    We are to build a more efficient and effective circulation of the tokens in the Eco system.

Regards,
Brave team

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