Why is BugsCoin (BGSC) Surging Over 200% Today?

BugsCoin (BGSC), a digital asset built on BNB Smart Chain (BSC), has continued to post significant gains following the destruction of nearly 50% of its total supply.

In X post on March 19, the team announced they had completed the burn of 50 billion BGSC tokens worth $225 million. The burn schedule reduced the total supply of BGSC from 100 billion to approximately 49.845 billion, effectively cutting it in half.

🔥50 Billion BGSC (225,000,000 USD) Burn Completed

At approximately 14:20 KST on March 19, 2025, a total of 50,000,000,000 BGSC was burned.

At the current market price, this equates to $225,000,000.

Previous Total Supply: 100 billion
New Total Supply: 49.845 billion… pic.twitter.com/M7aznhlJ8J

— bugscoin (@bugscoin_bgsc) March 19, 2025

BGSC Surges Over 200% on Latest Burn Schedule

Following the event, BGSC sharply rose to 227% to exchange hands at $0.00452. The upsurge propelled its market cap to $28.4 million, with a 24-hour trading volume of $24 million.

For the uninitiated, token burn involves permanently removing a specific number of tokens from circulation. This is typically done by sending tokens to a burn address or an inaccessible wallet, losing them forever. This mechanism helps increase the value of the remaining tokens due to reduced supply and increased scarcity.

According to the BugsCoin team, the latest burn was carried out to address concerns about excessive token supply, mitigate risks associated with rug pulls and scams, and ultimately increase the value of the remaining BGSC tokens.

“The Bugscoin project team made this decision to reduce excessive token supply, thereby increasing the value of BGSC and alleviating concerns regarding “rug pull” and “scam” risks, ultimately reducing investor risk,” the team stated.

The project team has also emphasized its commitment to decentralization by transferring reserve funds and marketing allocations to smart contracts, ensuring a transparent and trustless structure.

What is BugsCoin?

BugsCoin is a blockchain-based project that aims to enhance transparency and efficiency in digital reward systems. It was designed to overcome limitations in traditional Web2 loyalty programs, which often suffer from centralized control, lack of usability, and limited economic value. By leveraging blockchain technology, BugsCoin addresses these challenges.

The project has gained significant traction by integrating with AntTalk, a simulated investment platform. Through AntTalk, users engage in realistic trading environments, compete in high-stakes competitions, and earn BGSC rewards. While BGSC serves as a key token on AntTalk, the team plans to expand the token’s usage across different platforms, including communities and games.

With over 140,000 platform members, 8,000+ concurrent traders, and a YouTube channel boasting 602,000 subscribers, BugsCoin has built a strong community of Web3 enthusiasts.

In addition to the latest burn schedule, BugsCoin plans to introduce several innovative features in the coming months, further driving growth and investor interest. Among them are the release of a Hot Deals and Mobile Coupon Sales System, a dedicated mobile app, a decentralized autonomous organization (DAO), a global proprietary trading platform, and a game integrating BGSC as a key component.

It also aims to strike partnerships with industry firms. BGSC is listed on leading price-tracking platforms, including CoinMarketCap, CoinGecko, GeckoTerminal, and DEXTools. It can be traded on top crypto exchanges, including Bitget, Gate.io, MEXC, and BitMart.

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