Cryptocurrency Q&A
Does GRT have a max supply?
Does GRT have a max supply?
Elena
Wed May 22 2024
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6 answers
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Could you please clarify something for me? I've been following the cryptocurrency market quite closely and I've come across GRT quite often. However, there's one aspect about it that I'm not entirely sure about. Could you tell me if GRT has a maximum supply? I've seen different opinions on this matter and I'm really curious to know the truth. Is there a fixed number of GRT coins that can ever be created, or is it possible for the supply to expand indefinitely? I'd really appreciate it if you could shed some light on this matter for me.
6 answers
HanRiverVisionaryWaveWatcher
Fri May 24 2024
GRT, the native token of The Graph network, is designed as a deflationary asset with a strictly limited maximum supply. This scarcity is intentional, aiming to preserve the token's value and encourage a stable and sustainable ecosystem.
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KatanaSwordsmanship
Thu May 23 2024
To maintain this finite supply, a portion of the deposit and query fees generated within The Graph's network is periodically burned. Specifically, approximately 1% of these fees are permanently removed from circulation, ensuring that the total supply does not exceed its predefined limit.
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mia_rose_lawyer
Thu May 23 2024
Furthermore, BTCC offers a secure wallet service, enabling users to store and manage their digital assets safely and conveniently. These wallets are designed with the latest security measures to protect against hacking and theft, giving users peace of mind when storing their crypto holdings.
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Sofia
Thu May 23 2024
This burning mechanism serves as a built-in deflationary pressure, which can potentially increase the value of remaining tokens over time. As demand for The Graph's services grows, the limited supply of GRT tokens may drive up their price, rewarding early adopters and investors.
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isabella_taylor_activist
Thu May 23 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services tailored to meet the needs of crypto enthusiasts and investors. Among these services, spot trading allows users to buy and sell cryptocurrencies at current market prices.
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