Secret (SCRT) Initiates Proposal to Slash Inflation Rate: Community Votes Open

Secret (SCRT) proposes a significant reduction in inflation rates, seeking community approval until December 6. Despite the cryptocurrency market’s recent optimism, SCRT’s value has plummeted by 96.55% from its 2021 bull market peak.

The Secret (SCRT) community is actively engaging in discussions about lowering the inflation rate of the SCRT token. In a bold move, the community has initiated a proposal to decrease the inflation rate from 15% to 9%. The decision is open for community voting until December 6, reflecting a collective effort to shape the future of SCRT.

Despite the prevailing bullish sentiment in the cryptocurrency market in recent weeks, SCRT’s price has experienced a 3% decline over the last week. Notably, SCRT, launched during the 2021 bull market, reached an impressive peak above $10. However, at the time of this writing, its value has plummeted to $0.36, marking a substantial 96.55% loss from its all-time high.

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered financial advice from Cryptozi or any other entity. We want to emphasize that if readers use the content or services mentioned in this article, Cryptozi is not responsible for any resulting losses. Therefore, it is strongly advised to exercise caution and consult with financial professionals before making any financial decisions that could impact your financial situation.

Lastest

Bitcoin’s Trajectory: A Mathematical Glimpse into a $1 Million Future

The Bitcoin Power Law model predicts Bitcoin's price...

House Committee Advances Bill to Repeal SEC Bulletin Impacting Crypto Custody Services

The House Financial Services Committee in the U.S....

Nigeria Disputes $10B Binance Fine Amidst Cryptocurrency Regulatory Strife

Nigerian government denies the existence of a $10...

Altcoins OCEAN and APT Poised for Potential All-Time Highs in March

OCEAN and APT, two altcoins, show promising upward...

Subscribe

spot_img

Related

Bitcoin’s Trajectory: A Mathematical Glimpse into a $1 Million Future

The Bitcoin Power Law model predicts Bitcoin's price...

House Committee Advances Bill to Repeal SEC Bulletin Impacting Crypto Custody Services

The House Financial Services Committee in the U.S....

Nigeria Disputes $10B Binance Fine Amidst Cryptocurrency Regulatory Strife

Nigerian government denies the existence of a $10...

Altcoins OCEAN and APT Poised for Potential All-Time Highs in March

OCEAN and APT, two altcoins, show promising upward...

Elon Musk Sues OpenAI Over Alleged Violation of Non-Profit Principles

Elon Musk initiates legal action against OpenAI and...
spot_imgspot_img

Bitcoin’s Trajectory: A Mathematical Glimpse into a $1 Million Future

The Bitcoin Power Law model predicts Bitcoin's price reaching $1 million per unit by 2033 and an impressive $10 million by 2045. The...

House Committee Advances Bill to Repeal SEC Bulletin Impacting Crypto Custody Services

The House Financial Services Committee in the U.S. Congress advances resolution 109 to disapprove SEC SAB 121, aiming to remove restrictions on banks...

Nigeria Disputes $10B Binance Fine Amidst Cryptocurrency Regulatory Strife

Nigerian government denies the existence of a $10 billion fine for Binance, refuting BBC reports. Special adviser Bayo Onanuga claims misquotation, clarifying that...