Cryptocurrency Q&A
What is a total supply of a coin?
What is a total supply of a coin?
Martina
Tue Jul 09 2024
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6 answers
1332
Excuse me, could you please elaborate on the concept of "total supply" when referring to a cryptocurrency coin? I'm curious to understand if it refers to the maximum number of coins that can ever be created or if it encompasses other factors. Is it a fixed number that cannot be altered, or does it have the potential to change over time? Additionally, how does the total supply of a coin influence its market value and availability? Your insights would be greatly appreciated.
6 answers
DigitalLegend
Wed Jul 10 2024
Consequently, the total supply figure reflects only the coins that remain active and available for trading or use.
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Ilaria
Wed Jul 10 2024
The maximum supply of a coin or token represents the upper limit of its issuance.
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KatanaBlade
Wed Jul 10 2024
Regarding the total supply of cryptocurrencies, it is crucial to note that it excludes coins that have undergone a burning process.
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Sara
Wed Jul 10 2024
This burning mechanism involves permanently removing tokens from circulation by transferring them to a wallet that lacks any accessible key.
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Nicola
Wed Jul 10 2024
It signifies the total number of coins that can be minted or generated over the lifetime of the cryptocurrency.
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