There have been some people freaking out about the burning of SmartBCH. But it only burns on the smartBCH side, on the BCH side it's just BCH that gets locked and will never become spendable again.

Right now 49355 BCH is locked up which means that on the smartBCH side there is 49355 BCH unlocked. Now on the smartBCH side 21.9 of that unlocked BCH has gotten burned.

That means that on the BCH side only 49355 BCH - 21.9 BCH can get unlocked again = 49,333.1 BCH.

The current supply of BCH is 18,864,837 as of block 708,376

Because of smartBCH that supply has now been diminished by (21.8/18,864,837 * 100) 0.00011556%

This would be the same as somebody losing access to a priv key with 21.9 BCH on it. It is there, but can never be spend again.

Similarly, there is 21.9 BCH locked up on the mainchain that can never be spend again.

SmartBCH is designed to

• increase the demand for BCH

• diminish the supply

On the markets an increase in demand and diminishing of the supply will push the price up.

Every BCH holders becomes richer because the percentage they hold is now growing versus the total that they could possibly hold.

At 210 BCH this will be 0.0011347%

At 2100 BCH this will be 0.010944%

At 21 000 BCH this will be 0.10410%

At 210 000 BCH this will be 0.875%

At the current 10 BCH per month burn getting to 210 000 locked BCH on main chain will take 210 000/120 = 1,750 year.

Stats can be seen here --> https://smartbch.fountainhead.cash/grafana/d/GUnTOBGnz/smartbch?from=now-7d&to=now&refresh=5s&orgId=1