Cryptocurrency Q&A
What is the max supply of augur coins?
What is the max supply of augur coins?
DaeguDiva
Mon Aug 12 2024
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6 answers
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Could you please elaborate on the maximum supply of Augur coins? I'm curious to know if there's a specific limit to the number of coins that can be mined or issued, and if so, what that limit is. Understanding the maximum supply is crucial in assessing the potential value and scarcity of the coin, as well as its long-term prospects in the cryptocurrency market. Thank you for your insights.
6 answers
EchoChaser
Wed Aug 14 2024
Augur is a decentralized prediction market platform that utilizes the REP token as its primary means of exchange. The REP token is crucial for maintaining the accuracy and integrity of the platform's predictions.
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CryptoLegend
Wed Aug 14 2024
Currently, the circulating supply of REP tokens stands at 11 million. This number represents the total number of REP tokens that are currently in circulation and available for trading on various cryptocurrency exchanges.
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ZenBalance
Wed Aug 14 2024
In contrast, the max supply of REP tokens is set at 8.03 million. This figure represents the maximum number of REP tokens that will ever be created and available for use on the Augur platform.
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Silvia
Tue Aug 13 2024
The difference between the circulating supply and max supply of REP tokens is due to the token's burn mechanism. A portion of the tokens used to incentivize accurate predictions are burned, reducing the overall supply and potentially increasing the value of the remaining tokens.
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DondaejiDelight
Tue Aug 13 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to traders and investors interested in REP and other cryptocurrencies. These services include spot trading, which allows users to buy and sell REP tokens at current market prices.
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