Cryptocurrency Q&A
What is the maximum supply of EGLD?
What is the maximum supply of EGLD?
ZenBalance
Sun Jun 23 2024
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7 answers
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Could you please elaborate on the maximum supply of EGLD, the native token of the Elrond blockchain? I'm curious to understand the economic implications of having a limited or unlimited supply for a cryptocurrency. Does the Elrond network have a predetermined cap on the total number of EGLD tokens that can be created? If so, what is that number? How does this maximum supply affect the potential value and scarcity of EGLD in the long run? Is there a possibility of future changes to this maximum supply, and if so, what factors would influence such a decision? Thank you for your insights.
7 answers
Eleonora
Tue Jun 25 2024
The circulating supply of EGLD stood at approximately 23 million tokens.
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HanbokGlamourQueenElegance
Tue Jun 25 2024
This number represents the amount of EGLD tokens that are currently available and in use.
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CrystalPulse
Tue Jun 25 2024
As per the data provided by CoinMarketCap, EGLD holds a significant position in the cryptocurrency market.
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Martina
Tue Jun 25 2024
In addition, EGLD has a maximum supply of around 32 million tokens.
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SamuraiCourageous
Tue Jun 25 2024
On August 12, 2022, EGLD had a market capitalization that approximated $1.5 billion.
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