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| $602.05% | |
| $80.28% | |
| $0.000.00% | |
| $0.000.00% | |
| $0.000.00% | |
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| $0.000.00% |
Bearcoin is an immutable smart contract positioned on a polygon blockchain. Bearcoin's contract uses BTC/USD's Price Feed Chainlink, a decentralized price oracle that identifies Bitcoin's price movements. This real-time information about price fluctuations is then applied to the supply of Bitcoin, and when the ownership of the Bitcoin token changes, the Bearcoin smart contract decides whether to shrink or expand. In addition, deflation or inflation is capped at 5% of the total value of the transaction. This means that when the price of Bitcoin rises, Bearcoin faces inflation of up to 5% per transaction. These newly minted Bearcoins will then be paid to a randomly selected address in the inflation pool. On the other hand, when the price of Bitcoin falls, a small percentage of each Bearcoin transaction is burned, causing the token to rise.