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eDMT @eDMTProtocol Burn amount in high blocks above 1 ETH has basically been exhausted
Just an hour ago, a large holder made nearly 15,000 transactions of crazy minting, each Gas fee above 6 gwei
Why is everyone rushing for high Burn blocks
Because the core value of eNAT is directly linked to the actual ETH burned in that block (Burn)
The more Burn, the higher the intrinsic value of this eNAT
More importantly, when you wrap eNAT into bENAT (ERC20 divisible token), high Burn eNAT can be broken into more fragments
Historically, high Burn blocks are limited in number, so they are fiercely contested
And low Burn blocks occur almost daily, with nearly unlimited supply, less competition but also lower value
Later on, probably no one will want to mine them, as the cost is high and the cost-performance ratio is low, which also indirectly limits the total supply of eNAT
Now retail investors are basically unable to grab good assets through manual efforts
#eDMT #eNAT #bENAT #wENAT