How many coins does a digital currency have in circulation?

3 answers

• Dec 16, 2021 · 3 years ago
  Circulating supply refers to the number of coins that are currently in the hands of the public and available for trading. It excludes coins that are locked up in wallets, held by the development team, or reserved for future use. The circulating supply is an important metric as it determines the market value and liquidity of a digital currency. It can also impact the price and trading volume of the coin. The circulating supply can change over time due to factors such as mining rewards, token burns, or token unlocks.
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• Dec 16, 2021 · 3 years ago
  The circulating supply of a digital currency can vary greatly depending on the project. Some cryptocurrencies have a fixed supply, meaning that the total number of coins that will ever exist is predetermined. Others have a dynamic supply that can increase or decrease over time. The circulating supply is usually listed on cryptocurrency exchanges and can be easily checked on coin market cap websites. It's important to note that the circulating supply is different from the total supply, which includes all coins that have been created, including those that are not yet in circulation.
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• Dec 16, 2021 · 3 years ago
  In the case of BYDFi, the circulating supply of our native token is 1 billion coins. This supply is fixed and will not change. The circulating supply plays a role in determining the token's market value and liquidity. It's important for investors to consider the circulating supply when evaluating the potential of a digital currency. However, it's also crucial to look at other factors such as the project's technology, team, and adoption to make an informed investment decision.
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