Cryptocurrency Q&A
What is the supply limit of Zilliqa?
What is the supply limit of Zilliqa?
DigitalTreasureHunter
Sun Jun 30 2024
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5 answers
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Inquiring minds often wonder about the intricacies of cryptocurrencies, especially when it concerns supply limits. Could you elaborate on the specific case of Zilliqa? I'm particularly interested in understanding the supply cap or limit, if there is one, for this blockchain project. Does Zilliqa have a fixed supply that will never increase, or does it have a more dynamic approach? What are the implications of this supply limit, if any, on the long-term value proposition and scarcity of the token? I'd appreciate a concise yet thorough explanation of the supply mechanism behind Zilliqa.
5 answers
Maria
Tue Jul 02 2024
Zilliqa, a notable cryptocurrency, has a unique tokenomics model with a predefined maximum supply of 21 billion ZIL tokens.
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Leonardo
Tue Jul 02 2024
Of this total supply, a significant portion of 40% or 8.4 billion ZIL tokens is allocated specifically for miners.
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CryptoWizardry
Tue Jul 02 2024
This allocation serves as an incentive for miners to contribute their computing power to the Zilliqa network, ensuring its security and stability.
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Eleonora
Mon Jul 01 2024
The incentive scheme is designed to span a period of 10 years, providing miners with a long-term motivation to participate in the network.
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Giuseppe
Mon Jul 01 2024
By distributing the tokens gradually over this extended period, Zilliqa aims to encourage sustained mining activity and prevent any sudden surpluses or shortages in the token supply.
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