Cryptocurrency Q&A
What is the maximum supply of Hivemapper?
What is the maximum supply of Hivemapper?
TaegeukChampion
Fri Jul 26 2024
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5 answers
1174
Could you please elaborate on the maximum supply of Hivemapper? Is there a set limit to the total number of tokens that will ever be in circulation? If so, what is that limit and how does it impact the potential value and scarcity of the token? Additionally, is there any information about how the token supply will be distributed or unlocked over time? Understanding these details can provide valuable insights into the economics and potential growth of the Hivemapper ecosystem.
5 answers
TaekwondoMasterStrengthHonorGlory
Sun Jul 28 2024
The Hivemapper Network is a revolutionary platform that utilizes blockchain technology to facilitate the creation and utilization of 3D maps. A key aspect of this network is the HONEY token, which serves as the primary medium of exchange and incentive for participants.
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EchoSolitude
Sun Jul 28 2024
The total supply of HONEY tokens has been capped at 10 billion, ensuring scarcity and potential for appreciation in value over time. This fixed supply also aligns with the principles of sound monetary policy, as it prevents inflation and maintains stability.
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Stefano
Sun Jul 28 2024
In order to incentivize and reward individuals and organizations for their contributions to the growth and development of the Hivemapper Network, a significant portion of the total HONEY token supply has been allocated. Specifically, 40% of the tokens have been reserved for distribution to contributors as rewards for their participation.
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QuasarPulse
Sun Jul 28 2024
This allocation mechanism serves as a powerful motivator for individuals and organizations to contribute their time, resources, and expertise to the Hivemapper Network. By rewarding participation, the network is able to foster a vibrant and engaged community that is committed to its long-term success.
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Nicola
Sat Jul 27 2024
In addition to the rewards program, the Hivemapper Network also offers a range of services and features that enable users to leverage the power of blockchain technology. One such service is provided by BTCC, a UK-based cryptocurrency exchange that offers a comprehensive suite of tools and services for traders and investors.
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