Low BXMI Token Supply Advantages
Kataryna Kovtun July 24, 2020
In the run-up to the BXMI IEO, in several articles, we decided to tell in more detail why you should invest in a token of our cryptocurrency exchange.
Today we will tell you about low BXMI token supply advantages.
The number of coins in circulation
In addition to the emission, the cryptocurrency rate is also affected by how many coins are in circulation. In theory, the more there are, the more pressure can be exerted on the value of the asset.
Take Bitcoin, for example. There are now about 18.4 million coins in circulation. Every day, miners extract about 900 BTC more. By selling the received cryptocurrency, they increase their quantity in the market and thereby contribute to lower prices.
Capitalization
Capitalization is another significant factor. It is determined by multiplying the price of the cryptocurrency by the number of coins issued. This indicator affects the dynamics of the asset price. The larger the token capitalization, the more you need to invest in it to influence the rate. For this reason, low-cap cryptocurrencies can grow by hundreds or thousands of percent in a short period. And at the same time, they are more susceptible to manipulation.
Unsuccessful high token supply on the example of Ripple XRP
Many newcomers came to the cryptocurrency market in 2017. Someone bought the rising bitcoin until its price rose to $ 20,000. Others focused on assets that, compared to BTC, were cheap. For example, the token of the blockchain startup Ripple XRP.
After Bitcoin hit an all-time high of $ 20,000, the XRP altcoin climbed to an all-time high of $ 3.8. Investors were expecting multiple rises in the value of the coin but did not take into account the emission of the 100 billion tokens. If we recalculate the then XRP price, imagining that its emission is equal to the emission of bitcoin (21 million), it turns out that the altcoin at that time was worth a little more than $ 18,000. That is, almost like BTC.
How to choose the most suitable coin for investment?
Many factors affect the price of a cryptocurrency. Some of them are permanent and can be kept in mind. For example, the issue of tokens or their application in real life. Knowing this will help you choose the most suitable coin for investment, that is, less risky and, at the same time, having more potential. Below we will give an illustrative example of the advantages of low emission of tokens, using the example of BXMI.
Low BXMI Token Supply Advantages
In the first round of sales, the BitXmi cryptocurrency exchange will issue 40 million tokens. The total emission upon completion of all rounds will be 210 million. Anyone can purchase tokens at the lowest possible price — 0.1 per BXMI through a special website bxmi.com or on the exchange website bitxmi.com. In the following articles, we will tell you more about how to do this.
By purchasing coins in the first round of sales, you can pay them trading commissions when concluding transactions on our exchange, or you can simply save them in your deposit account. Indeed, in the next round of sales, the price of the token will increase for everyone who wants to buy the coin. You will certainly be able to increase your capital.
The big volume purchase bonus
Another nice bonus for those who want to buy a large number of coins. Buying a BXMI token in an amount of 10,000 or more, you will receive a guaranteed bonus of 20% on your account. In terms of dollars, it looks like this:
10 000 * 0,10 = $1000
$1000 + 20% bonus = $1200
The higher the number of purchased tokens, the more benefits you get! We adhere to a transparent bonus policy and will gladly encourage large buyers of BXMI tokens!
Follow our news, there is still a lot of interesting information and bonuses from BitXmi ahead of you during the BXMI IEO!
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