Halving the bonus reduces the speed at which new coins are created in a given blockchain by 50%. Cryptocurrency traders have long anticipated such events, known as “halving”, as catalysts for the rise in prices of their cryptocurrency assets.
Previous attempts to predict when the Bitcoin price (BTC) would rise to half were inconsistent at best. However, few will quickly abandon the mechanisms described in the law of supply and demand. When all other factors are equal, when the number of available currencies in the market decreases, the demand for these currencies increases – and thus the price of each -.
With this in mind, here are four cryptocurrency projects that are set to block rewards during the next half year, when the issuance rate is halved.
Guardian (XVG) will be halved on January 25 when the chain reaches a block height of 4,700,000. At this point, the current bonus of 200 XVG, which is given to miners every 30 seconds, will be reduced to 100 XVG.
With just over 11 days left before you cut in half, the chance of a cut in Verge shipments can be assumed to have passed. However, taking advantage of cutting the bonus in two has never been an exact science, and often a coin does not respond to an event until it has happened.
The price of the XVG reached a full-time high of $ 0.30 in December 2017, after which it saw a nearly three-year decline to $ 0.001 by 2020. However, after the winter rally that sent bitcoin to a whole new height, Verg fortunes changed. The currency had a gain of 219% from November at the time of writing.
The size of Tomochain (TOMO) will be cut in half on February 7, when the number of issued TOMO coins will be reduced from 2 million to 1 million.
In a Tomochain blockchain, the blocking time is two seconds, and each 900 block constitutes an era. For each era, miners are currently awarded 250 coins. In February, the number will be halved to 125 coins.
Tomochain, launched in 2017, uses a consensus mechanism to prove its efforts and is compatible with the Ethereum virtual machine. The next half will be just the second in the coin’s history, and also the last. Going forward, the issuance rate for Tomo will remain unchanged until the total number of coins reaches 100,000,000.
The Vertcoin Block Reward (VTC) is scheduled to be halved on December 8, after which the number of VTCs issued to miners will be reduced from 25 to 12.5 per block.
Vertcoin forked out of Litecoin (LTC) – the fork of Bitcoin – in 2014 in response to specialized integrated circuits, or ASICs, the machines that were invented to extract Litecoin the same year. Vertcoin aims to be ASIC resistant and can be recovered with a GPU.
Once among the top 100 by market value, Vertcoin is now in the mid-500s after falling 98% from its full time in December 2017.
Although not technically planned for January 2022, the bonus for the first Ravencoin block (RVN) will be halved in just 12 calendar months, and as a result, the issue rate will be reduced from 5,000 to 2,500 RVN per block.
Ravencoin, launched in 2018, is designed to register real assets and trade them on the blockchain. In 2018, the then little-known investment received an unexpected “million dollar” investment from the American retail giant Overstock.
Ravencoin reached a full-time high in the $ 0.08 range in June 2019. Today, the coin is trading at $ 0.016, an increase of 48% from the last low prices in November 2020.