#ethereum triple halving coming in a little over 30 days.
This is an event as big as or bigger than the #bitcoin halving!
Here's what you need to know
This is an event as big as or bigger than the #bitcoin halving!
Here's what you need to know
The triple halving will see the annual emission of new $ETH drop from 4.3% to 0.43%. Put another way, we drop from 13,000 new ETH a day to 1,300. THIS IS HUGE!!!
That is a daily reduction in sell pressure of 21 million dollars at current prices.
Which adds up to more than 600 million a month!
BIG DEAL!
Which adds up to more than 600 million a month!
BIG DEAL!
Plus we are changing the Ethereum economy from its current mine and dump proof-of-work system to a fundamentally different one with different incentives.
Welcome to the staking economy!
The incentive is no longer to dump rewards, but to restake to earn more rewards.
Welcome to the staking economy!
The incentive is no longer to dump rewards, but to restake to earn more rewards.
And of course, we cannot forget about EIP 1559!
This is Ethereum's perpetual burn mechanism.
If we had had proof of stake Ethereum for the last yes then we would have burnt around 1.9 million Ethereum!
This is Ethereum's perpetual burn mechanism.
If we had had proof of stake Ethereum for the last yes then we would have burnt around 1.9 million Ethereum!
In summary
- Emissions reducing by 90%
- EIP 1559 will make ETH deflationary
- Sell pressure reducing massively
- Economics changing
Rising demand + falling supply = M O O N
- Emissions reducing by 90%
- EIP 1559 will make ETH deflationary
- Sell pressure reducing massively
- Economics changing
Rising demand + falling supply = M O O N
• • •
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