Cryptocurrency Q&A
What is the total supply of RGT coin?
What is the total supply of RGT coin?
Daniele
Fri Sep 20 2024
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7 answers
1856
Could you please clarify for me the total supply of RGT coin? I'm interested in understanding the maximum number of these coins that will ever exist and how that may impact its value in the future. Is there a fixed cap on the total number of RGT coins, or is it subject to change? Understanding the total supply is crucial in assessing the potential scarcity and demand for this cryptocurrency.
7 answers
CryptoLegend
Sun Sep 22 2024
The mechanism designed to maintain this supply ceiling is innovative and effective. Rather than relying on traditional methods, The Graph employs a unique approach to prevent oversupply.
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CherryBlossomDance
Sun Sep 22 2024
At the heart of this strategy lies the burning of a portion of deposit and query fees. This action serves a dual purpose: it reduces the circulating supply of GRT, and it incentivizes users to engage in a responsible and sustainable manner.
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HanjiArtistryCraftsmanshipMasterpiece
Sun Sep 22 2024
Specifically, around 1% of the fees generated from deposits and queries are permanently removed from the ecosystem. This deliberate reduction in supply helps to maintain the scarcity of GRT and supports its long-term value proposition.
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Caterina
Sun Sep 22 2024
The burning of fees is not only a smart economic decision but also aligns with the values of The Graph project. It underscores the commitment to maintaining a stable and predictable token supply, fostering trust and confidence among users and investors.
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Ilaria
Sun Sep 22 2024
GRT, a deflationary token, has a predefined limit on its total supply. This cap is set at an ambitious 10 billion tokens, ensuring scarcity and potential value appreciation over time.
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