Summer Tokens to Become Scarcer – Press release Bitcoin News

PRESS RELEASE. Like bitcoin, the four Seasonal Tokens – Spring, Summer, Autumn and Winter – are produced by proof-of-work mining and go through regular halvings that make them harder to obtain as time goes on. Once every nine months, the rate of production of one of the tokens is cut in half. That token goes from being produced at the fastest rate of the four tokens, to the slowest.

Summer tokens are currently produced at a rate of one token every 4.3 seconds. On the 6th of March, that rate will drop to one token every 8.6 seconds. Summer tokens, which are currently the cheapest of the four, are expected to become the most expensive over the following months as the market adjusts to the lower rate of supply.

This process has already happened once before, after the Spring halving in June of 2022. Spring was the cheapest token before the halving, and then it became the most expensive. Analysis of the historical data has shown that the relative prices of the tokens tend to reflect the amount of time needed to mine them. A token that takes twice as long to mine will tend to be twice as expensive.

The halving will bring the era of abundant Summer tokens to an end. A new era will begin in which Summer tokens become increasingly scarce, and Autumn tokens will become the most abundant of the four. In December, the Autumn halving will take place, and then Winter tokens will be produced at the fastest rate.

Investors have just a short time left to obtain Summer tokens while they’re plentiful. Future investors will never have the chance to buy Summer tokens when they’re being produced every 4.3 seconds. Like bitcoin, early investors in Seasonal Tokens can buy in times of plenty, and later investors will buy during times of comparative scarcity.

Unlike Bitcoin, the tokens provide a way for existing investors to increase their holdings over time. As the prices slowly cycle around each other, investors can gain more tokens over time by trading the more expensive tokens for the cheaper ones, which become the most expensive later on, allowing the investors to trade again. Investors who traded Summer tokens for Spring before the June halving increased the total number of tokens they owned, and those Spring tokens can be traded for even more Summer tokens today.

By always trading tokens for more tokens of a different type, an investor can guarantee that the total number of tokens in the investment will increase with every trade. This allows…