Redbrick is an AI-powered Web3 engine for gaming, entertainment, and education, and the company has now released the native token $BRIC. Set to launch on the 21st of June, $BRIC will get listed on prominent crypto exchanges, i.e., Binance, Bitget, Gate.io, and MEXC.
The biggest question arises — will this most anticipated token ever generate handsome returns? So, check out the project basics, tokenomics, and the latest $BRIC token price prediction.
Source: X
Placing itself at the cutting edge of technological innovations, Redbrick uses AI to build an open-ended Web3 environment for creators and other users working through gaming, entertainment, and education. This approach is garnering much attention not only among developers but also from the wider crypto community, creating massive hype regarding the $BRIC's market potential.
In consideration of sustainable development, Redbrick has capped the total supply at 1 billion (1,000,000,000) tokens. Per the official tokenomics:
27%: Reward Pool
15.74%: Ecosystem Incentives
15%: Liquidity
12%: Investors
10%: Treasury
6.26%: Binance Alpha
6%: Team & Advisors
5%: Marketing
3%: Play to Airdrop
5%: Strategic Allocations
This seems healthy to market liquidity and incentivizes market growth and community awareness, while placing restrictions on early exits selling pressure, which are some of the critical factors that ensure general price stability.
Now only part of the $BRIC tokens shall commence circulation at launch, so that the supply may be tightly controlled in these crucial weeks:
6.26% via Binance Alpha: 50% at TGE, remainder over 6 months
15% allocated to liquidity pools
The expectations from these controlled unlocks are to maintain tighter control over the circulating supply early on, thus casting the early demand dynamics very favorably---a good short-term price-supporting phenomenon.
Given the growing Redbrick ecosystem and other hefty exchange listings, along with its control over supply dynamics, the token is most likely to trade initially around $0.05-$0.08.
Initial trading volumes will justifiably be about the visibility given to the token by Binance and other prominent CEXs, while investor excitement towards Redbrick's AI-powered Web3 engine could provide additional momentum to the price.
Looking further ahead, a few factors could drive $BRIC's growth:
Expansion of Redbrick's AI Web3 ecosystem
More and more incentives for the community and developers are being rolled out
Progressive unlocking of the token according to project milestones
More general trends in the crypto market
If the team performs well with regards to the roadmap and macro sentiment remains positive, we may well see around $0.08 to $0.15 in the course of 6-12 months.
Also read: What’s Next for Rexas Finance After Explosive 300% Listing Rally?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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