{"id":32434,"date":"2023-09-07T10:49:53","date_gmt":"2023-09-07T10:49:53","guid":{"rendered":"https:\/\/theeveningpost.in\/index.php\/2023\/09\/07\/usd-cric-token-halving-and-sub-halving-mechanism\/"},"modified":"2023-09-07T10:49:53","modified_gmt":"2023-09-07T10:49:53","slug":"usd-cric-token-halving-and-sub-halving-mechanism","status":"publish","type":"post","link":"https:\/\/theeveningpost.in\/index.php\/2023\/09\/07\/usd-cric-token-halving-and-sub-halving-mechanism\/","title":{"rendered":"USD Cric token halving and sub halving mechanism"},"content":{"rendered":"
\"\"<\/div>\n

New Delhi (India), September 7: <\/p>\n

Halving (Every 4 Years – ODI World Cup):<\/strong><\/p>\n

    \n
  1. 1.Halves token issuance:<\/strong> During a halving event, the rate at which new $Cric tokens are created as rewards for token holders or miners is reduced by 50%.<\/li>\n
  2. 2.Occurs with ODI World Cup:<\/strong> Halving events coincide with major cricket events like the ICC Cricket World Cup<\/a>, which takes place approximately every four years.<\/li>\n
  3. 3.Creates scarcity, boosts value:<\/strong> By reducing the rate of new token creation, halving events aim to create scarcity in the market, potentially increasing the value of existing $Cric tokens.<\/li>\n
  4. 4.Rewards token holders:<\/strong> Long-term token holders benefit as the reduced token issuance can lead to increased token value, serving as a reward for holding $Cric tokens.<\/li>\n
  5. 5.Aligns with cricket excitement:<\/strong> The timing of halving events aligns with significant cricket tournaments, enhancing the enthusiasm among token holders.<\/li>\n
  6. 6.Long-term incentive:<\/strong> Halving events serve as an incentive for long-term engagement with the $Cric token ecosystem, as token scarcity may lead to continued value appreciation.<\/li>\n<\/ol>\n

    Sub-Halving (Every ICC Event):<\/strong><\/p>\n

      \n
    1. 1.Reduces issuance at ICC events:<\/strong> Sub-halving events follow a similar principle to major halvings but with smaller reductions in token creation rates.<\/li>\n
    2. 2.Maintains token scarcity:<\/strong> These events ensure that token supply remains controlled and aligned with the frequency of major cricket tournaments sanctioned by the ICC.<\/li>\n
    3. 3.Encourages engagement:<\/strong> Sub-halving events incentivize token holders and miners by reducing the issuance of new tokens and potentially increasing their value.<\/li>\n
    4. 4.Syncs with cricket calendar:<\/strong> By occurring during ICC events such as T20 World Cups, Champions Trophy, or other major tournaments, sub-halvings coincide with cricket excitement.<\/li>\n
    5. 5.Rewards loyal holders:<\/strong> Those who hold $Cric tokens over the long term may benefit from increased token value following sub-halving events.<\/li>\n
    6. 6.Enhances token value:<\/strong>\u00a0Similar to major halvings, sub-halving events aim to create scarcity, which can lead to higher token values and incentivize continued participation in the $Cric token ecosystem.<\/li>\n<\/ol>\n

      If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"

      New Delhi (India), September 7: Halving (Every 4 Years – ODI World Cup): 1.Halves token issuance: During a halving event, the rate at which new $Cric tokens are created as rewards for token holders or miners is reduced by 50%. 2.Occurs with ODI World Cup: Halving events coincide with major cricket events like the ICC Cricket World Cup,…<\/p>\n","protected":false},"author":1,"featured_media":32435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[294],"class_list":["post-32434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-business"],"_links":{"self":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/32434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/comments?post=32434"}],"version-history":[{"count":0,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/32434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media\/32435"}],"wp:attachment":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media?parent=32434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/categories?post=32434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/tags?post=32434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}