I saw BRISE trending today and thought let me check them out as I have looked at this project in the past and saw nothing special. Maybe they had a new partnership or developed something new that had areal use case. That was the hope anyway but no it is far worse as it was more regard to the burning mechanisms being put in place.
The announcement created the pump in the price as it revealed the sinister plan of burning 99% of the total supply over the next 36 months. I say sinister as this highlights that there is no use case for the token and this is the only way the team behind it can create value.
BRISE is ranked at 165 on the Coin Market Cap which is not really a shock to be honest as this project attracts the wrong type of person. These are more the gambling type of investor like the LUNA moon boys. When something is worthless and cheap the thought of spending very little and holding billions of coins will be the dream ticket to riches. However this is not always so simple and there is massive risk attached with this project and would not be surprised if there was a rug pull sometime in the future. Just a gut feel as this kind of project stinks and is the total opposite of what crypto should be.
Lets look at the tokenomics of this ugly duckling as I am no fan of these projects as any fool could launch this as there is no technology or use cases here.
One Quadrillion token supply at a current price of $0.0000005756 and yet they are ranked at 165 in CMC which is the joke. Just consider HIVE is at 176 and you cannot compare the two and I know where the true value lies.
Very telling tweets on BRISE as I haven't followed them very closely along with others saying it sounds more like a scam. They say zero transaction fees, but in reality there is a 12% fee for buying selling or moving BRISE. 5% is used for buyback and burning, 4% for holders and 3% for marketing.
However having said all of this knowing the aim is to have a 99% burn over the next 36 months with a rough target of 0.01 c per token investing $100 may not be so stupid after all. This would buy you 173 731 758.16 BRISE or 173 million of them. If and when it reaches the 0.01c value that $100 would have returned $1.73 million so you can see why these frauds are shouting from the rooftops.
I am still not sold on this project, but may buy some to hide away as one of those you just ever know investments. This could be $100 thrown away and like anything in Crypto only invest what you can afford to lose. Always DYOR even though this project makes no logical sense and you may end up in dead ends with uncompleted development. My guess and gut feel is the team is buying time 36 months to burn and get out long before the 0.01 is achieved so this is one to 10x or 100X your investment and bail before they do as I can assure you they will.
