Cryptocurrency Q&A
What is the total supply of OMG?
What is the total supply of OMG?
SsamziegangStroll
Tue Jul 30 2024
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6 answers
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Could you please clarify for me the total amount of OMG tokens that have been created and are available for circulation in the market? I'm interested in understanding the full extent of the supply and how it may potentially impact the value and demand for OMG in the future. Additionally, is there a maximum cap on the total number of OMG tokens that will ever exist, or is the supply dynamic and subject to change over time?
6 answers
GinsengBoostPowerBoostVitality
Thu Aug 01 2024
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Andrea
Thu Aug 01 2024
Out of the total supply, 65.1% of OMG tokens were distributed through a public Initial Coin Offering (ICO), allowing investors to purchase tokens and support the development of the OMG Network.
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Federico
Thu Aug 01 2024
Additionally, 5% of the total supply was shared with users freely in their wallets, as a way to encourage adoption and increase the user base of the OMG Network.
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Martina
Thu Aug 01 2024
The OMG Network has also kept 20% of the total supply as a reserve, which can be used for various purposes such as incentivizing developers, supporting network upgrades, and maintaining the stability of the network.
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Raffaele
Thu Aug 01 2024
The remaining 9.9% of OMG tokens have been reserved for the team behind the OMG Network. This allocation is crucial for ensuring that the team has the resources necessary to continue developing and improving the network.
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