Cryptocurrency Q&A
What is the difference between total supply and max supply of coins?
What is the difference between total supply and max supply of coins?
Raffaele
Mon Aug 12 2024
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7 answers
1253
Can you please clarify the distinction between the total supply and the maximum supply of coins in the cryptocurrency world? It seems both terms are frequently mentioned, but I'm not entirely sure how they differ and what implications this has for investors and the overall market dynamics.
7 answers
Chloe_martinez_explorer
Wed Aug 14 2024
Cryptocurrency supply is a fundamental aspect that governs the economics of a digital asset. Understanding the concept of total supply and maximum supply is crucial for investors and traders alike.
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Daniele
Wed Aug 14 2024
Total supply refers to the total number of coins or tokens that have been created and are currently in circulation. However, it's important to note that this figure may not account for tokens that have been burned or permanently removed from the system.
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CryptoMystic
Tue Aug 13 2024
In contrast, a crypto's max supply takes into account all the coins that have been, or will be, created, issued, and burned or lost. This figure represents the upper limit of the total number of coins that will ever exist for that particular cryptocurrency.
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Silvia
Tue Aug 13 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the needs of both retail and institutional investors. Its services include spot trading, futures trading, and a cryptocurrency wallet, among others.
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BitcoinBaron
Tue Aug 13 2024
The concept of burning tokens is a common practice in the cryptocurrency world. It involves removing a certain number of tokens from circulation, typically as a means of reducing the overall supply and potentially increasing the value of the remaining tokens.
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