Cryptocurrency Q&A
What is the total supply of Bittensor?
What is the total supply of Bittensor?
TaegeukChampionship
Fri Jun 14 2024
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7 answers
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Could you please elaborate on the question, "What is the total supply of Bittensor?"? I'm particularly interested in understanding the concept of total supply in the context of cryptocurrencies and how it applies to Bittensor specifically. Could you explain what determines the total supply and whether it's fixed or variable? Additionally, would you mind discussing any potential implications of the total supply on the value and tradability of Bittensor? It would be helpful to have a clear understanding of these aspects as I'm considering investing in this cryptocurrency. Thank you for your assistance.
7 answers
KDramaLegendaryStar
Sat Jun 15 2024
As of the present moment, the circulating supply of TAO tokens stands at 6.92 million. This represents a significant portion of the overall 21 million tokens, yet still leaves a considerable amount uncirculated.
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Stefano
Sat Jun 15 2024
The Bittensor network relies heavily on the TAO token as its fundamental building block. The strategic capping of the total supply of these tokens ensures scarcity and sustained value.
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CryptoAlchemy
Sat Jun 15 2024
The uncirculated tokens act as a reserve, ensuring the stability and growth potential of the Bittensor network. They provide investors with a sense of security and confidence in the long-term viability of the project.
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MysticInfinity
Sat Jun 15 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services that cater to the needs of crypto enthusiasts and investors. These services include spot trading, futures contracts, and secure wallet solutions.
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emma_lewis_pilot
Sat Jun 15 2024
This capping mechanism, set at 21 million tokens, mimics the supply strategy employed by Bitcoin, a tried-and-tested method in the cryptocurrency space.
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