Could you elaborate on the supply limit of
Cardano and explain its significance in the context of cryptocurrency? Is this limit set to ensure scarcity and stability, or does it have a different purpose? Understanding the supply cap is crucial for investors to gauge the potential value and long-term sustainability of Cardano. Could you provide some insight into how this limit was determined and whether it is likely to change in the future? Additionally, how does the supply limit of Cardano compare to other leading cryptocurrencies, and what implications does it have for the overall market?
7 answers
KatanaSharp
Thu Jul 04 2024
By limiting the maximum supply, they aim to prevent inflation and maintain the value of ADA over time.
Alessandra
Thu Jul 04 2024
The hard cap also serves as a measure of scarcity, making ADA tokens more appealing to investors and users.
CherryBlossomFalling
Thu Jul 04 2024
The issuance of ADA tokens is subject to strict limitations, ensuring a controlled supply within the network.
DigitalDynastyQueen
Thu Jul 04 2024
This hard cap of 45 billion tokens ensures stability and sustainability for the ADA ecosystem.
Giulia
Thu Jul 04 2024
BTCC, a leading UK-based cryptocurrency exchange, offers trading services for ADA and other digital assets.