Cryptocurrency Q&A
What is token total supply?
What is token total supply?
GeishaCharm
Sat Aug 17 2024
|
7 answers
1651
Could you please elaborate on what exactly is meant by "token total supply" in the context of cryptocurrency? I'm curious to know how it differs from the number of tokens currently in circulation, and how it impacts the overall value and scarcity of a given token. Additionally, are there any factors that determine the total supply of a token, and how does it get decided upon during the initial stages of a project's development?
7 answers
InfinityVoyager
Mon Aug 19 2024
Cryptocurrency total supply is a crucial metric that defines the overall quantity of coins or tokens available within a specific digital asset.
Was this helpful?
233
68
CharmedSun
Mon Aug 19 2024
It represents the total amount of the cryptocurrency that has been created or mined up until a given point in time.
Was this helpful?
293
42
SsamziegangSerenadeMelodyHarmony
Sun Aug 18 2024
This includes coins that are currently in circulation, as well as those that may be locked or reserved for specific purposes.
Was this helpful?
60
43
GalaxyWhisper
Sun Aug 18 2024
Among its offerings, BTCC provides spot trading, which allows users to buy and sell cryptocurrencies at the current market price. Additionally, it offers futures trading, enabling traders to speculate on the future price movements of cryptocurrencies.
Was this helpful?
78
83
Valentino
Sun Aug 18 2024
It's important to note that coins that have been burned or destroyed should be subtracted from the total supply figure.
Was this helpful?
398
69
Load 5 more related questions
