What is the maximum number of Cardano tokens that can ever exist?
Mohammad ShamimMridha ShamimDec 16, 2021 · 3 years ago3 answers
Cardano is a popular cryptocurrency known for its advanced blockchain technology. I want to know the maximum number of Cardano tokens that can ever exist. Can you provide some insights on this?
3 answers
- Dec 16, 2021 · 3 years agoThe maximum number of Cardano tokens that can ever exist is 45 billion ADA. This limit was set during the initial launch of Cardano and is hardcoded into its protocol. The supply of ADA tokens is gradually released into circulation through a process called 'minting'. As of now, a significant portion of the total supply has already been minted and is in circulation. The remaining tokens will be minted over time, following a predetermined schedule.
- Dec 16, 2021 · 3 years agoCardano has a maximum supply cap of 45 billion ADA tokens. This limit ensures that the token supply is not inflated indefinitely, which can lead to devaluation. By setting a fixed supply, Cardano aims to maintain the scarcity and value of its tokens. It's important to note that the current circulating supply of ADA is much lower than the maximum supply, as tokens are gradually released into the market.
- Dec 16, 2021 · 3 years agoAccording to the Cardano protocol, the maximum number of tokens that can ever exist is 45 billion ADA. This limit was established to prevent excessive inflation and maintain the token's value. The supply of ADA tokens is controlled by the protocol's consensus mechanism, which ensures that new tokens are minted at a controlled rate. It's worth mentioning that the minting process is not exclusive to Cardano and is a common feature in many blockchain networks.
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