99Bitcoins Concludes Its ICO, Enables Token Claims for Participants

The educational platform that has been providing crypto-related materials to the public for over a decade, has finally concluded its ICO.

99Bitcoins, a crypto educational platform, has concluded its initial coin offering (ICO) and opened up token claims for presale participants.

99Bitcoins is inviting all investors who participated in the presale to connect their wallets to its official website and claim their 99BTC tokens. According to several investors, they were able to claim their tokens successfully without encountering any problems. Many also expressed optimism for the token’s future, stating that they are bullish on 99BTC.

Prior to enabling the claims, 99Bitcoins also posted an important update. Its developers stated that, in anticipation of the token’s launch, they burned 33 billion tokens. This move will significantly reduce the circulating supply, making 99BTC's market capitalization more sustainable in the current market conditions and increasing the chances of the token price rising.

Usually, highly anticipated tokens tend to see a price surge post-launch anyway, as those who participated in the presale tend to buy more once the token hits exchanges and those who didn't start buying at this time when they see that the price is going up. A token burn is bound to amplify this bullish sentiment and propel 99BTC to new heights.

However, it is also worth noting that the crypto sector is currently seeing a bearish wave, with many of the major cryptos seeing a weekly drop of anywhere between 3% and 40%. There are also those that are seeing major price boosts, although they are in the minority.

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