Excuse me, could you please clarify something for me? I've been doing some research on the Coq Inu
cryptocurrency and I'm trying to understand the concept of circulating supply. Could you explain to me, in simple terms, what the circulating supply of Coq Inu actually is? I'm a bit confused about how it differs from the total supply or the maximum supply, and how it affects the value and availability of the coin in the market. Your insight would be greatly appreciated.
7 answers
charlotte_bailey_doctor
Tue Aug 06 2024
Coq Inu, represented by the ticker COQ, is a digital asset with a unique supply structure.
CharmedSun
Tue Aug 06 2024
The circulating supply of COQ stands at 69,420 B COQ, indicating a portion of the total tokens that are currently in circulation and available for trading.
KimonoElegant
Tue Aug 06 2024
The maximum supply of COQ is also set at 69,420 B COQ, highlighting the scarcity factor of this cryptocurrency as there will be no further issuance once this limit is reached.
MysticGlider
Tue Aug 06 2024
This fixed supply mechanism is designed to maintain the value of COQ over time, as it limits the potential for inflation that can occur with some other cryptocurrencies.
Paolo
Mon Aug 05 2024
Investors and traders in the cryptocurrency market often take note of the supply dynamics of a coin, as it can provide insights into its potential for growth or stability.